Western Alliance Bancorporation - WAL Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WAL shares.
View WAL analyst ratings or view top-rated stocks.

4 analysts have issued 12-month target prices for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $70.00 to $105.00. On average, they predict the company's stock price to reach $89.71 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
View analysts price targets for WAL or view top-rated stocks among Wall Street analysts.

Western Alliance Bancorporation's stock was trading at $107.65 at the start of the year. Since then, WAL shares have decreased by 37.9% and is now trading at $66.81.
View the best growth stocks for 2022 here.

Western Alliance Bancorporation saw a decline in short interest in October. As of October 31st, there was short interest totaling 1,490,000 shares, a decline of 19.9% from the October 15th total of 1,860,000 shares. Based on an average daily trading volume, of 787,100 shares, the days-to-cover ratio is presently 1.9 days.
View Western Alliance Bancorporation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our WAL earnings forecast.

Western Alliance Bancorporation (NYSE:WAL) issued its earnings results on Friday, October, 21st. The financial services provider reported $2.42 EPS for the quarter, missing analysts' consensus estimates of $2.61 by $0.19. The financial services provider had revenue of $663.90 million for the quarter, compared to analyst estimates of $687.13 million. Western Alliance Bancorporation had a trailing twelve-month return on equity of 21.50% and a net margin of 37.86%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 earnings per share.

Western Alliance Bancorporation declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.36 per share on Friday, December 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for WAL.

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 2.17%. 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 15.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 13.17% 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.09%), Price T Rowe Associates Inc. MD (8.11%), BlackRock Inc. (4.14%), State Street Corp (2.62%), Macquarie Group Ltd. (2.38%) and Thrivent Financial for Lutherans (2.35%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, James E D V M Nave, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Timothy W Boothe and Todd Marshall.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of WAL stock can currently be purchased for approximately $66.81.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $7.28 billion and generates $2.06 billion in revenue each year. The financial services provider earns $899.20 million in net income (profit) each year or $9.35 on an earnings per share basis.

The company employs 3,139 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.