NYSE:WALWestern Alliance Bancorporation Stock Price, Forecast & News

Western Alliance Bancorporation's stock was trading at $32.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WAL stock has increased by 9.2% and is now trading at $35.33. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Alliance Bancorporation.

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Western Alliance Bancorporation.

Western Alliance Bancorporation (NYSE:WAL) announced its quarterly earnings results on Thursday, April, 16th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.72 by $0.11. The financial services provider earned $285.40 million during the quarter, compared to analyst estimates of $287.33 million. Western Alliance Bancorporation had a return on equity of 15.69% and a net margin of 35.68%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. View Western Alliance Bancorporation's earnings history.

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 15th will be given a dividend of $0.25 per share on Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, May 14th. View Western Alliance Bancorporation's dividend history.

9 analysts have issued 1 year target prices for Western Alliance Bancorporation's shares. Their forecasts range from $33.00 to $62.00. On average, they expect Western Alliance Bancorporation's share price to reach $42.88 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Press coverage about WAL stock has trended negative on Saturday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Alliance Bancorporation earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an impact on the company's share price in the near future. View the latest news about Western Alliance Bancorporation.

Western Alliance Bancorporation saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,380,000 shares, an increase of 23.4% from the May 31st total of 2,740,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.6% of the company's stock are sold short. View Western Alliance Bancorporation's Current Options Chain.

Some companies that are related to Western Alliance Bancorporation include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Alliance Bancorporation investors own include Continental Resources (CLR), Walt Disney (DIS), Netflix (NFLX), Square (SQ), NVIDIA (NVDA), Paypal (PYPL), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Trade Desk (TTD) and Zynga (ZNGA).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of WAL stock can currently be purchased for approximately $35.33.

Western Alliance Bancorporation has a market capitalization of $3.56 billion and generates $1.29 billion in revenue each year. The financial services provider earns $499.17 million in net income (profit) each year or $4.84 on an earnings per share basis. Western Alliance Bancorporation employs 1,835 workers across the globe.

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

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]