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 10.1% and is now trading at $35.63. 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) posted its earnings results on Thursday, April, 16th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.11. The financial services provider had revenue of $285.40 million for the quarter, compared to the consensus estimate of $287.33 million. Western Alliance Bancorporation had a return on equity of 15.69% and a net margin of 35.68%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. View Western Alliance Bancorporation's earnings history.

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be paid a dividend of $0.25 per share on Friday, May 29th. This represents a $1.00 annualized dividend and a yield of 2.81%. The ex-dividend date is Thursday, May 14th. View Western Alliance Bancorporation's dividend history.

9 Wall Street analysts have issued twelve-month price objectives 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 year. This suggests a possible upside of 20.3% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Media coverage about WAL stock has been trending negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Alliance Bancorporation earned a news impact score of -2.1 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Western Alliance Bancorporation.

Western Alliance Bancorporation saw a increase in short interest during the month of 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 currently 2.5 days. Currently, 3.6% of the shares of the 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), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), 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 $35.63.

Western Alliance Bancorporation has a market capitalization of $3.59 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]