NYSE:WALWestern Alliance Bancorporation Stock Price, Forecast & News

Western Alliance Bancorporation's stock was trading at $32.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WAL shares have increased by 12.2% and is now trading at $36.30.
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8 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Western Alliance Bancorporation.

Western Alliance Bancorporation (NYSE:WAL) issued its quarterly earnings data on Thursday, July, 16th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.24. The financial services provider had revenue of $319.67 million for the quarter, compared to analyst estimates of $305.38 million. Western Alliance Bancorporation had a return on equity of 14.52% and a net margin of 32.82%.
View Western Alliance Bancorporation's earnings history.

Western Alliance Bancorporation declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.25 per share on Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, August 13th.
View Western Alliance Bancorporation's dividend history.

8 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 anticipate Western Alliance Bancorporation's share price to reach $42.88 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
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News articles about WAL stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Western Alliance Bancorporation earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Western Alliance Bancorporation.

Western Alliance Bancorporation saw a decline in short interest in July. As of July 31st, there was short interest totaling 3,010,000 shares, a decline of 15.7% from the July 15th total of 3,570,000 shares. Based on an average trading volume of 893,700 shares, the short-interest ratio is currently 3.4 days. Currently, 3.2% of the shares of the company are sold short.
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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), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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."

Western Alliance Bancorporation's stock is owned by many different retail and institutional investors. Top institutional investors include MERIAN GLOBAL INVESTORS UK Ltd (0.99%), Palisade Capital Management LLC NJ (0.65%), Stieven Capital Advisors L.P. (0.50%), Public Employees Retirement Association of Colorado (0.48%), Mountain Pacific Investment Advisers Inc. ID (0.34%) and LSV Asset Management (0.24%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Dale Gibbons, James E D V M Nave, Kenneth Vecchione, Marianne Boyd Johnson, Michael Patriarca, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan, Todd Marshall and William S Boyd.
View institutional ownership trends for Western Alliance Bancorporation.

WAL stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Fort Washington Investment Advisors Inc. OH, First Trust Advisors LP, Emerald Advisers LLC, Stieven Capital Advisors L.P., Pitcairn Co., Vident Investment Advisory LLC, and Envestnet Asset Management Inc.. Company insiders that have sold Western Alliance Bancorporation company stock in the last year include Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, and Todd Marshall.
View insider buying and selling activity for Western Alliance Bancorporation.

WAL stock was purchased by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, LSV Asset Management, Strs Ohio, Assenagon Asset Management S.A., Tygh Capital Management Inc., UBS Group AG, AMI Asset Management Corp, and Swiss National Bank. Company insiders that have bought Western Alliance Bancorporation stock in the last two years include Dale Gibbons, James E D V M Nave, Kenneth Vecchione, Michael Patriarca, and William S Boyd.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of WAL stock can currently be purchased for approximately $36.30.

Western Alliance Bancorporation has a market capitalization of $3.66 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]