NYSE:WAL

Western Alliance Bancorporation Stock Forecast, Price & News

$95.25
+0.59 (+0.62 %)
(As of 06/25/2021 09:50 AM ET)
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Today's Range
$94.29
$95.47
50-Day Range
$89.16
$108.02
52-Week Range
$30.34
$109.84
Volume93 shs
Average Volume787,873 shs
Market Capitalization$9.86 billion
P/E Ratio15.56
Dividend Yield1.05%
Beta1.7
30 days | 90 days | 365 days | Advanced Chart
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Western Alliance Bancorporation logo

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in two segments, Commercial and Consumer Related. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 38 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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MarketRank

Overall MarketRank

2.00 out of 5 stars

Finance Sector

204th out of 1,976 stocks

State Commercial Banks Industry

24th out of 311 stocks

Analyst Opinion: 1.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Western Alliance Bancorporation (NYSE:WAL) Frequently Asked Questions

Is Western Alliance Bancorporation a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Western Alliance Bancorporation stock.
View analyst ratings for Western Alliance Bancorporation
or view top-rated stocks.

What stocks does MarketBeat like better than Western Alliance Bancorporation?

Wall Street analysts have given Western Alliance Bancorporation a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Western Alliance Bancorporation wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 2,630,000 shares, an increase of 55.6% from the May 13th total of 1,690,000 shares. Based on an average trading volume of 721,400 shares, the short-interest ratio is currently 3.6 days. Approximately 2.7% of the company's shares are short sold.
View Western Alliance Bancorporation's Short Interest
.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, July 15th 2021.
View our earnings forecast for Western Alliance Bancorporation
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) released its earnings results on Wednesday, April, 14th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.47 by $0.43. The financial services provider had revenue of $337 million for the quarter, compared to analysts' expectations of $337.88 million. Western Alliance Bancorporation had a trailing twelve-month return on equity of 18.29% and a net margin of 44.76%. During the same period in the previous year, the company earned $0.83 EPS.
View Western Alliance Bancorporation's earnings history
.

How has Western Alliance Bancorporation's stock price been impacted by Coronavirus (COVID-19)?

Western Alliance Bancorporation's stock was trading at $32.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WAL stock has increased by 192.5% and is now trading at $94.66.
View which stocks have been most impacted by COVID-19
.

How often does Western Alliance Bancorporation pay dividends? What is the dividend yield for Western Alliance Bancorporation?

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, April 27th. Shareholders of record on Friday, May 14th will be paid a dividend of $0.25 per share on Friday, May 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, May 13th.
View Western Alliance Bancorporation's dividend history
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.05%. Western Alliance Bancorporation does not yet have a strong track record of dividend growth. The dividend payout ratio of Western Alliance Bancorporation is 19.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Western Alliance Bancorporation will have a dividend payout ratio of 10.94% next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.
View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

9 analysts have issued 1 year target prices for Western Alliance Bancorporation's stock. Their forecasts range from $50.00 to $120.00. On average, they anticipate Western Alliance Bancorporation's stock price to reach $94.33 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
View analysts' price targets for Western Alliance Bancorporation
or view top-rated stocks among Wall Street analysts.

Who are Western Alliance Bancorporation's key executives?

Western Alliance Bancorporation's management team includes the following people:
  • Mr. Robert Gary Sarver, Exec. Chairman (Age 60, Pay $2.59M)
  • Mr. Kenneth A. Vecchione, CEO, Pres & Director (Age 67, Pay $3.87M)
  • Mr. Dale M. Gibbons, Vice Chairman, Exec. VP & CFO (Age 61, Pay $2.06M)
  • Mr. Timothy W. Boothe, Chief Operating Officer (Age 55, Pay $992.91k)
  • Mr. Randall S. Theisen, Gen. Counsel & Sec. (Age 63, Pay $978.14k)
  • Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 53)
  • Mr. Jeff Semonovich, Chief Information Officer
  • Ms. Robyn Young, Exec. VP & Chief Marketing Officer
  • Ms. Barbara J. Kennedy, Chief Human Resource Officer (Age 54)
  • Mr. Robert R. McAuslan, Exec. VP (Age 73)

What is Kenneth A. Vecchione's approval rating as Western Alliance Bancorporation's CEO?

14 employees have rated Western Alliance Bancorporation CEO Kenneth A. Vecchione on Glassdoor.com. Kenneth A. Vecchione has an approval rating of 60% among Western Alliance Bancorporation's employees. This puts Kenneth A. Vecchione in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Western Alliance Bancorporation's key competitors?

What other stocks do shareholders of Western Alliance Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Alliance Bancorporation investors own include The Walt Disney (DIS), Continental Resources (CLR), Netflix (NFLX), Square (SQ), NVIDIA (NVDA), Tesla (TSLA), Activision Blizzard (ATVI), Zynga (ZNGA), Johnson & Johnson (JNJ) and The Trade Desk (TTD).

What is Western Alliance Bancorporation's stock symbol?

Western Alliance Bancorporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAL."

Who are Western Alliance Bancorporation's major shareholders?

Western Alliance Bancorporation's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.09%), BlackRock Inc. (4.32%), Capital International Investors (4.00%), Lord Abbett & CO. LLC (3.27%), Thrivent Financial for Lutherans (3.07%) and Clearbridge Investments LLC (2.41%). Company insiders that own Western Alliance Bancorporation stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, James E D V M Nave, Kenneth Vecchione, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Timothy W Boothe and Todd Marshall.
View institutional ownership trends for Western Alliance Bancorporation
.

Which major investors are selling Western Alliance Bancorporation stock?

WAL stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Arrowstreet Capital Limited Partnership, Nuveen Asset Management LLC, Fiera Capital Corp, Glenmede Trust Co. NA, TD Asset Management Inc., William Blair Investment Management LLC, and LSV Asset Management. Company insiders that have sold Western Alliance Bancorporation company stock in the last year include Donald D Snyder, Robert P Latta, Steven J Hilton, Timothy W Boothe, and Todd Marshall.
View insider buying and selling activity for Western Alliance Bancorporation
or view top insider-selling stocks.

Which major investors are buying Western Alliance Bancorporation stock?

WAL stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Lord Abbett & CO. LLC, Capital International Investors, CIBC Private Wealth Group LLC, Westwood Holdings Group Inc., Bank of Montreal Can, Goldman Sachs Group Inc., and Carlson Capital L P. Company insiders that have bought Western Alliance Bancorporation stock in the last two years include Bryan K Segedi, Dale Gibbons, James E D V M Nave, and Kenneth Vecchione.
View insider buying and selling activity for Western Alliance Bancorporation
or or view top insider-buying stocks.

How do I buy shares of Western Alliance Bancorporation?

Shares of WAL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $94.66.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation has a market capitalization of $9.79 billion and generates $1.33 billion in revenue each year. The financial services provider earns $506.60 million in net income (profit) each year or $5.04 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

Western Alliance Bancorporation employs 1,915 workers across the globe.

When was Western Alliance Bancorporation founded?

Western Alliance Bancorporation was founded in 2014.

What is Western Alliance Bancorporation's official website?

The official website for Western Alliance Bancorporation is www.westernalliancebancorp.com.

Where are Western Alliance Bancorporation's headquarters?

Western Alliance Bancorporation is headquartered at ONE E. WASHINGTON STREET SUITE 1400, PHOENIX AZ, 85004.

How can I contact Western Alliance Bancorporation?

Western Alliance Bancorporation's mailing address is ONE E. WASHINGTON STREET SUITE 1400, PHOENIX AZ, 85004. The financial services provider can be reached via phone at 602-389-3500 or via email at [email protected]


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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