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
Current SymbolNYSE:WAL
Previous Symbol
CUSIP95763810
Phone602-389-3500
Debt
Debt-to-Equity Ratio0.14
Current Ratio0.91
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio15.24
Forward P/E Ratio11.55
P/E Growth0.96
Sales & Book Value
Annual Sales$890.86 million
Price / Sales5.61
Cash Flow$3.3739 per share
Price / Cash14.00
Book Value$23.51 per share
Price / Book2.01
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$325.49 million
Net Margins39.69%
Return on Equity17.27%
Return on Assets1.92%
Miscellaneous
Employees1,725
Outstanding Shares105,860,000
Market Cap$4.99 billion
OptionableOptionable
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 quarterly earnings data on Thursday, October, 18th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. The financial services provider earned $238.46 million during the quarter, compared to analysts' expectations of $247.04 million. Western Alliance Bancorporation had a return on equity of 17.27% and a net margin of 39.69%. During the same period in the prior year, the business earned $0.79 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?
10 brokers have issued 12 month price objectives for Western Alliance Bancorporation's shares. Their forecasts range from $56.00 to $70.00. On average, they expect Western Alliance Bancorporation's share price to reach $64.8889 in the next twelve months. This suggests a possible upside of 37.6% from the stock's current price. View Analyst Price Targets for Western Alliance Bancorporation.
What is the consensus analysts' recommendation for Western Alliance Bancorporation?
10 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Western Alliance Bancorporation.
Has Western Alliance Bancorporation been receiving favorable news coverage?
News headlines about WAL stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Alliance Bancorporation earned a coverage optimism score of 3.1 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the stock's share price in the next several days.
Who are some of Western Alliance Bancorporation's key competitors?
Some companies that are related to Western Alliance Bancorporation include Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI) 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, CEO & 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)
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. (4.21%), Victory Capital Management Inc. (2.27%), Schroder Investment Management Group (1.78%), JPMorgan Chase & Co. (1.73%), Epoch Investment Partners Inc. (1.26%) and NWQ Investment Management Company LLC (1.26%). Company insiders that own Western Alliance Bancorporation stock include Cary Mack, Dale Gibbons, Don Garner, Donald D Snyder, Gerald A Cady, J Kelly Jr Ardrey, James E D V M Nave, Kenneth Vecchione, M Nafees Nagy, Marianne Boyd Johnson, Merrill Wall, Michael Patriarca, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Robert Reoch Mcauslan, Steven J Hilton, Sung Won Sohn and William S Boyd. View Institutional Ownership Trends for Western Alliance Bancorporation.
Which institutional investors are selling Western Alliance Bancorporation stock?
WAL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Thrivent Financial for Lutherans, Victory Capital Management Inc., Strs Ohio, First Quadrant L P CA, Wells Fargo & Company MN, Castleark Management LLC and Tygh Capital Management Inc.. 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, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan and Sung Won Sohn. View Insider Buying and Selling for Western Alliance Bancorporation.
Which institutional investors are buying Western Alliance Bancorporation stock?
WAL stock was acquired by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, The Manufacturers Life Insurance Company , Deutsche Bank AG, TIAA CREF Investment Management LLC, Highbridge Capital Management LLC, FIL Ltd, Carillon Tower Advisers Inc. and Inverness Counsel LLC NY. Company insiders that have bought Western Alliance Bancorporation stock in the last two years include Dale Gibbons, Kenneth Vecchione, Michael Patriarca 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 $47.16.
How big of a company is Western Alliance Bancorporation?
Western Alliance Bancorporation has a market capitalization of $4.99 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.
What is Western Alliance Bancorporation's official website?
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.
