Western Alliance Bancorporation - WAL Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WAL shares.
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6 brokers have issued 1-year price objectives for Western Alliance Bancorporation's stock. Their WAL share price forecasts range from $85.00 to $150.00. On average, they predict the company's share price to reach $108.86 in the next twelve months. This suggests a possible upside of 58.7% from the stock's current price.
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Western Alliance Bancorporation's stock was trading at $107.65 on January 1st, 2022. Since then, WAL stock has decreased by 36.3% and is now trading at $68.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our WAL earnings forecast.

Western Alliance Bancorporation (NYSE:WAL) issued its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.09. The financial services provider had revenue of $628.20 million for the quarter, compared to the consensus estimate of $585.26 million. Western Alliance Bancorporation had a trailing twelve-month return on equity of 21.55% and a net margin of 40.16%. During the same quarter last year, the company earned $2.29 earnings per share.

Western Alliance Bancorporation announced a quarterly dividend on Thursday, July 28th. Investors of record on Friday, August 12th will be given a dividend of $0.36 per share on Friday, August 26th. This represents a $1.44 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, August 11th. This is an increase from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for WAL.

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 2.10%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 12.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAL.

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

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

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

Western Alliance Bancorporation's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (13.37%), Clearbridge Investments LLC (2.96%), William Blair Investment Management LLC (2.48%), Macquarie Group Ltd. (2.41%), State Street Corp (2.36%) and Thrivent Financial for Lutherans (2.36%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, James E D V M Nave, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Timothy W Boothe and Todd Marshall.
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Shares of WAL stock 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.
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One share of WAL stock can currently be purchased for approximately $68.61.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $7.43 billion and generates $2.06 billion in revenue each year. The financial services provider earns $899.20 million in net income (profit) each year or $9.21 on an earnings per share basis.

The company employs 3,139 workers across the globe.

Western Alliance Bancorporation's mailing address is ONE E. WASHINGTON STREET SUITE 1400, PHOENIX AZ, 85004. The official website for the company is www.westernalliancebancorp.com. The financial services provider can be reached via phone at (602) 389-3500, via email at dgibbons@westernalliancebancorp.com, or via fax at 479-277-1830.