NYSE:WAL - Western Alliance Bancorporation Stock Price, News, & Analysis

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$44.67 +0.19 (+0.43 %)
(As of 03/20/2019 09:57 AM ET)
Previous Close$44.48
Today's Range$44.50 - $44.67
52-Week Range$37.39 - $64.06
Volume1,918 shs
Average Volume668,171 shs
Market Capitalization$4.70 billion
P/E Ratio10.77
Dividend YieldN/A
Beta1.54
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, 2018, the company operated 38 branch locations and 11 loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP95763810
Phone602-389-3500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.08 billion
Cash Flow$4.4760 per share
Book Value$24.69 per share

Profitability

Net Income$435.79 million

Miscellaneous

Employees1,787
Market Cap$4.70 billion
Next Earnings Date4/18/2019 (Estimated)
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) released its earnings results on Thursday, January, 24th. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.07. The financial services provider had revenue of $281.97 million for the quarter, compared to the consensus estimate of $262.36 million. Western Alliance Bancorporation had a return on equity of 17.81% and a net margin of 40.48%. The firm's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. View Western Alliance Bancorporation's Earnings History.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Western Alliance Bancorporation.

What price target have analysts set for WAL?

9 equities research analysts have issued 12-month price objectives for Western Alliance Bancorporation's shares. Their forecasts range from $53.00 to $70.00. On average, they expect Western Alliance Bancorporation's stock price to reach $63.6667 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price. View Analyst Price Targets for Western Alliance Bancorporation.

What is the consensus analysts' recommendation for Western Alliance Bancorporation?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 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?

Headlines about WAL stock have trended somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. Western Alliance Bancorporation earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the near future.

Who are some of Western Alliance Bancorporation's key competitors?

What other stocks do shareholders of Western Alliance Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Alliance Bancorporation investors own include Continental Resources (Clr), NVIDIA (NVDA), Bank of America (BAC), Alibaba Group (BABA), Applied Materials (AMAT), Cisco Systems (CSCO), Paypal (PYPL), Lam Research (LRCX), Netflix (NFLX) and Celgene (CELG).

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 58)
  • Mr. Kenneth A. Vecchione, CEO & Director (Age 65)
  • Mr. Dale M. Gibbons, Vice Chairman & CFO (Age 59)
  • Mr. James Haught, Pres & COO (Age 50)
  • Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 51)

Who are Western Alliance Bancorporation's major shareholders?

Western Alliance Bancorporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.42%), Lord Abbett & CO. LLC (2.56%), Millennium Management LLC (1.40%), Dimensional Fund Advisors LP (1.13%), Victory Capital Management Inc. (1.09%) and Westfield Capital Management Co. LP (1.01%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Dale Gibbons, Donald D Snyder, Gerald A Cady, J Kelly Jr Ardrey, Kenneth Vecchione, Marianne Boyd Johnson, Michael Patriarca, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Robert Reoch Mcauslan, 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 Victory Capital Management Inc., Epoch Investment Partners Inc., Inverness Counsel LLC NY, CIBC Private Wealth Group LLC, KBC Group NV, Principal Financial Group Inc., QS Investors LLC and First Trust Advisors LP. Company insiders that have sold Western Alliance Bancorporation company stock in the last year include Bruce D Beach, Donald D Snyder, Gerald A Cady, Randall S Theisen, 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Davis Capital Partners LLC, Two Sigma Investments LP, Basswood Capital Management L.L.C., Public Employees Retirement Association of Colorado, Fort Washington Investment Advisors Inc. OH, BlackRock Inc. and Two Sigma Advisers LP. 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 $44.48.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $4.68 billion and generates $1.08 billion in revenue each year. The financial services provider earns $435.79 million in net income (profit) each year or $4.14 on an earnings per share basis. Western Alliance Bancorporation employs 1,787 workers across the globe.

What is Western Alliance Bancorporation's official website?

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

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)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  373 (Vote Outperform)
Underperform Votes:  277 (Vote Underperform)
Total Votes:  650
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.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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