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 year. There are currently 2 hold ratings and 4 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 Wall Street analysts have issued 12 month price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $50.00 to $105.00. On average, they expect the company's stock price to reach $80.89 in the next year. This suggests a possible upside of 139.1% from the stock's current price.
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Western Alliance Bancorporation's stock was trading at $59.56 at the beginning of 2023. Since then, WAL stock has decreased by 43.2% and is now trading at $33.83.
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Western Alliance Bancorporation saw a increase in short interest in March. As of March 15th, there was short interest totaling 4,090,000 shares, an increase of 53.2% from the February 28th total of 2,670,000 shares. Based on an average daily volume of 5,480,000 shares, the short-interest ratio is presently 0.7 days. Approximately 4.0% of the company's stock are sold short.
View Western Alliance Bancorporation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our WAL earnings forecast.

Western Alliance Bancorporation (NYSE:WAL) announced its earnings results on Wednesday, January, 25th. The financial services provider reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The financial services provider earned $701.20 million during the quarter, compared to the consensus estimate of $733.13 million. Western Alliance Bancorporation had a net margin of 34.94% and a trailing twelve-month return on equity of 22.00%. The firm's revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 earnings per share.

Western Alliance Bancorporation declared a quarterly dividend on Monday, February 6th. Investors of record on Friday, February 17th will be paid a dividend of $0.36 per share on Friday, March 3rd. This represents a $1.44 annualized dividend and a yield of 4.26%. The ex-dividend date is Thursday, February 16th.
Read our dividend analysis for WAL.

ETFs with the largest weight of Western Alliance Bancorporation (NYSE:WAL) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Financial AlphaDEX Fund (FXO), iShares U.S. Regional Banks ETF (IAT), First Trust Nasdaq Bank ETF (FTXO), Opus Small Cap Value Plus ETF (OSCV), SPDR S&P Bank ETF (KBE) and Invesco KBW Bank ETF (KBWB).

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.36%. WAL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 14.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 13.70% 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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.84%), T. Rowe Price Investment Management Inc. (5.56%), Clearbridge Investments LLC (2.92%), Thrivent Financial for Lutherans (2.60%), William Blair Investment Management LLC (2.37%) and Davis Asset Management L.P. (2.30%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Tim R Bruckner, 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 $33.83.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $3.71 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.06 billion in net income (profit) each year or $9.70 on an earnings per share basis.

The company employs 3,365 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.