Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. 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. As of December 31, 2017, the company operated 38 branch locations and 8 loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:WAL
CUSIP95763810
Phone602-389-3500
Debt
Debt-to-Equity Ratio0.18
Current Ratio0.91
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio18.63
Forward P/E Ratio14.32
P/E Growth1.08
Sales & Book Value
Annual Sales$890.86 million
Price / Sales6.88
Cash Flow$3.4446 per share
Price / Cash16.80
Book Value$21.14 per share
Price / Book2.74
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$325.49 million
Net Margins38.48%
Return on Equity16.68%
Return on Assets1.83%
Miscellaneous
Employees1,725
Outstanding Shares105,860,000
Market Cap$5.99 billion
Western Alliance Bancorporation (NYSE:WAL) Frequently Asked Questions
What is Western Alliance Bancorporation's stock symbol?
Western Alliance Bancorporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAL."
How were Western Alliance Bancorporation's earnings last quarter?
Western Alliance Bancorporation (NYSE:WAL) posted its earnings results on Thursday, July, 19th. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The financial services provider earned $237.50 million during the quarter, compared to the consensus estimate of $242.86 million. Western Alliance Bancorporation had a return on equity of 16.68% and a net margin of 38.48%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. View Western Alliance Bancorporation's Earnings History.
When is Western Alliance Bancorporation's next earnings date?
What price target have analysts set for WAL?
12 analysts have issued 12-month price targets for Western Alliance Bancorporation's shares. Their forecasts range from $64.00 to $72.00. On average, they expect Western Alliance Bancorporation's stock price to reach $67.9583 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for Western Alliance Bancorporation.
What is the consensus analysts' recommendation for Western Alliance Bancorporation?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Western Alliance Bancorporation.
Who are some of Western Alliance Bancorporation's key competitors?
Some companies that are related to Western Alliance Bancorporation include BANCO BRADESCO/S (BBDO), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), First Citizens BancShares Inc. Class A (FCNCA), Bank Of The Ozarks (OZRK), Bank Ozk (OZK), Popular (BPOP), Prosperity Bancshares (PB), Wintrust Financial (WTFC), IBERIABANK (IBKC) and Associated Banc (ASB).
Who are Western Alliance Bancorporation's key executives?
Western Alliance Bancorporation's management team includes the folowing people:
- Mr. Robert Gary Sarver, Exec. Chairman (Age 57)
- Mr. Kenneth A. Vecchione, Chief Exec. Officer & Director (Age 64)
- Mr. Dale M. Gibbons, Vice Chairman & CFO (Age 58)
- Mr. James Haught, Pres & COO (Age 49)
- Mr. Daniel P. Myers, Exec. VP of Northern California Admin. (Age 58)
Has Western Alliance Bancorporation been receiving favorable news coverage?
Press coverage about WAL stock has been trending somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Alliance Bancorporation earned a news and rumor sentiment score of 0.19 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 48.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Western Alliance Bancorporation.
Who are Western Alliance Bancorporation's major shareholders?
Western Alliance Bancorporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.72%), Waddell & Reed Financial Inc. (2.59%), Victory Capital Management Inc. (2.52%), Millennium Management LLC (2.46%), Epoch Investment Partners Inc. (1.18%) and Eagle Asset Management Inc. (0.96%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Cary Mack, Dale Gibbons, Don Garner, Donald D Snyder, Duane Ralph Froeschle, Gerald A Cady, J Kelly Jr Ardrey, James E D V M Nave, James Harwood Lundy III, Kenneth Vecchione, M Nafees Nagy, Marianne Boyd Johnson, Merrill Wall, Patricia A Taylor, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Robert Reoch Mcauslan, Steven J Hilton, Sung Won Sohn, Todd Marshall and William S Boyd. 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 Schroder Investment Management Group, Victory Capital Management Inc., BlackRock Inc., FMR LLC, Fiera Capital Corp, Macquarie Group Ltd., Voya Investment Management LLC and Zweig DiMenna Associates LLC. Company insiders that have sold Western Alliance Bancorporation company stock in the last year include Donald D Snyder, Gerald A Cady, J Kelly Jr Ardrey, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan, Sung Won Sohn and William S Boyd. View Insider Buying and Selling for Western Alliance Bancorporation.
Which major investors are buying Western Alliance Bancorporation stock?
WAL stock was purchased by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Inverness Counsel LLC NY, Handelsbanken Fonder AB, British Airways Pensions Investment Management Ltd, KBC Group NV, Millennium Management LLC, Eagle Asset Management Inc. and Handelsinvest Investeringsforvaltning. Company insiders that have bought Western Alliance Bancorporation stock in the last two years include Dale Gibbons, Kenneth Vecchione and Robert P Latta. View Insider Buying and Selling for Western Alliance Bancorporation.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Western Alliance Bancorporation's stock price today?
One share of WAL stock can currently be purchased for approximately $57.87.
How big of a company is Western Alliance Bancorporation?
Western Alliance Bancorporation has a market capitalization of $5.99 billion and generates $890.86 million in revenue each year. The financial services provider earns $325.49 million in net income (profit) each year or $3.10 on an earnings per share basis. Western Alliance Bancorporation employs 1,725 workers across the globe.
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]
MarketBeat Community Rating for Western Alliance Bancorporation (NYSE WAL)
MarketBeat's community ratings are surveys of what our community members think about Western Alliance Bancorporation and other stocks. Vote "Outperform" if you believe WAL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WAL will underperform the S&P 500 over the long term. You may vote once every thirty days.
