NYSE:WALWestern Alliance Bancorporation Stock Price, Forecast & News

$38.15

-0.99 (-2.53 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$37.48

Now: $38.15▼

$38.97

50-Day Range

$27.88

MA: $32.62▼

$40.66

52-Week Range

$20.90

Now: $38.15▼

$58.94

Volume979,295 shs

Average Volume889,689 shs

Market Capitalization$3.85 billion

P/E Ratio8.46

Dividend Yield2.62%

Beta1.82

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Western Alliance Bancorporation has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.25, Western Alliance Bancorporation has a potential upside of 10.7% from its current price of $38.15.
Amount of Analyst Coverage
Western Alliance Bancorporation has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Western Alliance Bancorporation has received 447 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Alliance Bancorporation has received 371 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Alliance Bancorporation has received 54.65% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Western Alliance Bancorporation is a leading dividend payer. It pays a dividend yield of 2.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Western Alliance Bancorporation does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Western Alliance Bancorporation is 20.66 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Western Alliance Bancorporation will have a dividend payout ratio of 21.83 % next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Alliance Bancorporation insiders have bought more of their company's stock than they have sold. Specifically, they have bought $575,525.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 7.72% of the stock of Western Alliance Bancorporation is held by insiders.
Percentage Held by Institutions
83.16% of the stock of Western Alliance Bancorporation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Western Alliance Bancorporation are expected to grow by 46.33% in the coming year, from $3.13 to $4.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Alliance Bancorporation is 8.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Alliance Bancorporation is 8.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.66.
Price to Book Value per Share Ratio
Western Alliance Bancorporation has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.32 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:WAL

Previous Symbol

CUSIP95763810

CIK1212545

Webwww.westernalliancebancorp.com

Phone602-389-3500

Debt

Debt-to-Equity Ratio0.23

Current Ratio0.94

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio8.46

Forward P/E Ratio12.19

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.29 billion

Price / Sales2.98

Cash Flow$5.61 per share

Price / Cash Flow6.80

Book Value$29.39 per share

Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$4.84

Net Income$499.17 million

Net Margins35.68%

Return on Equity15.69%

Return on Assets1.72%

Miscellaneous

Employees1,835

Outstanding Shares100,850,000

Market Cap$3.85 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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Western Alliance Bancorporation (NYSE:WAL) Frequently Asked Questions

How has Western Alliance Bancorporation's stock been impacted by COVID-19 (Coronavirus)?

Western Alliance Bancorporation's stock was trading at $32.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WAL stock has increased by 17.9% and is now trading at $38.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Alliance Bancorporation.

When is Western Alliance Bancorporation's next earnings date?

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.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) issued its quarterly earnings data on Thursday, April, 16th. The financial services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters' 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 net margin of 35.68% and a return on equity of 15.69%. The firm's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. View Western Alliance Bancorporation's earnings history.

How often does Western Alliance Bancorporation pay dividends? What is the dividend yield for Western Alliance Bancorporation?

Western Alliance Bancorporation declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 15th will be given a dividend of $0.25 per share on Friday, May 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 14th. View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

9 brokerages have issued 1 year price objectives for Western Alliance Bancorporation's stock. Their forecasts range from $32.00 to $62.00. On average, they anticipate Western Alliance Bancorporation's stock price to reach $42.25 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Has Western Alliance Bancorporation been receiving favorable news coverage?

News coverage about WAL stock has trended negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Western Alliance Bancorporation earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned media stories 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 impact on the stock's share price in the immediate future. View the latest news aboutWestern Alliance Bancorporation.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,370,000 shares, an increase of 21.5% from the April 30th total of 1,950,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.5% of the shares of the stock are sold short. View Western Alliance Bancorporation's Current Options Chain.

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

Some companies that are related to Western Alliance Bancorporation include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), 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), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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), Walt Disney (DIS), Netflix (NFLX), Square (SQ), NVIDIA (NVDA), Paypal (PYPL), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Trade Desk (TTD) and Zynga (ZNGA).

Who are Western Alliance Bancorporation's key executives?

Western Alliance Bancorporation's management team includes the following 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)

What is Western Alliance Bancorporation's stock symbol?

Western Alliance Bancorporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAL."

Who are Western Alliance Bancorporation's major shareholders?

Western Alliance Bancorporation's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.07%), Wellington Management Group LLP (4.03%), JPMorgan Chase & Co. (3.02%), Clearbridge Investments LLC (2.51%), Victory Capital Management Inc. (2.46%) and Victory Capital Management Inc. (2.46%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Dale Gibbons, Donald D Snyder, 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.

Which major investors are selling Western Alliance Bancorporation stock?

WAL stock was sold by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Alliancebernstein L.P., Two Sigma Advisers LP, Lord Abbett & CO. LLC, NWQ Investment Management Company LLC, Castine Capital Management LLC, KBC Group NV, and Artemis Investment Management LLP. 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.

Which major investors are buying Western Alliance Bancorporation stock?

WAL stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Nuveen Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, JPMorgan Chase & Co., AQR Capital Management LLC, William Blair Investment Management LLC, Victory Capital Management Inc., and Victory Capital Management Inc.. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $38.15.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $3.85 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.

What is Western Alliance Bancorporation's official website?

The official website for Western Alliance Bancorporation is 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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff