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NYSE:WAL

Western Alliance Bancorporation - WAL Stock Forecast, Price & News

$71.46
-2.90 (-3.90%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$71.17
$74.11
50-Day Range
$56.48
$74.36
52-Week Range
$54.86
$102.97
Volume
1.39 million shs
Average Volume
984,308 shs
Market Capitalization
$7.78 billion
P/E Ratio
7.37
Dividend Yield
1.94%
Price Target
$86.75

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
21.4% Upside
$86.75 Price Target
Short Interest
Healthy
3.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.33mentions of Western Alliance Bancorporation in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.44%
From $10.49 to $11.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Finance Sector

127th out of 891 stocks

State Commercial Banks Industry

22nd out of 191 stocks


WAL stock logo

About Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, 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. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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WAL Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Western Alliance Bancorporation (NYSE:WAL) PT Raised to $86.00
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
RBC Capital Keeps Their Buy Rating on Western Alliance (WAL)
See More Headlines
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WAL Company Calendar

Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Last Earnings
1/25/2023
Today
1/30/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
95763810
Employees
3,139
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$86.75
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+21.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
47.42%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$9.11 per share
Book Value
$44.80 per share

Miscellaneous

Free Float
106,113,000
Market Cap
$7.78 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • Mr. Kenneth A. VecchioneMr. Kenneth A. Vecchione (Age 69)
    CEO, Pres & Director
    Comp: $4.51M
  • Mr. Dale M. GibbonsMr. Dale M. Gibbons (Age 63)
    Vice Chairman, Exec. VP & CFO
    Comp: $2.16M
  • Mr. Timothy W. BootheMr. Timothy W. Boothe (Age 57)
    Chief Operating Officer
    Comp: $1.08M
  • Mr. Randall S. TheisenMr. Randall S. Theisen (Age 65)
    Chief Legal Officer & Head of Corp. Affairs
    Comp: $1.18M
  • Mr. James Kelly Ardrey Jr. (Age 55)
    Sr. VP & Chief Accounting Officer
  • Mr. Jeff Semonovich
    Chief Information Officer
  • Mr. Miles Pondelik
    Director of Investor Relations & Corp. Devel.
  • Ms. Barbara J. Kennedy (Age 56)
    Chief Human Resource Officer
  • Mr. Robert R. McAuslan (Age 75)
    Exec. VP
  • Mr. Don H. Garner (Age 66)
    Division CEO of Alliance Bank of Arizona













WAL Stock - Frequently Asked Questions

Should I buy or sell Western Alliance Bancorporation stock right now?

4 Wall Street 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 analysts is that investors should "buy" WAL shares.
View WAL analyst ratings
or view top-rated stocks.

What is Western Alliance Bancorporation's stock price forecast for 2023?

4 Wall Street research analysts have issued 12 month price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $65.00 to $105.00. On average, they expect the company's stock price to reach $86.75 in the next year. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for WAL
or view top-rated stocks among Wall Street analysts.

How have WAL shares performed in 2023?

Western Alliance Bancorporation's stock was trading at $59.56 on January 1st, 2023. Since then, WAL shares have increased by 23.3% and is now trading at $73.42.
View the best growth stocks for 2023 here
.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 2,830,000 shares, an increase of 105.1% from the December 15th total of 1,380,000 shares. Based on an average trading volume of 935,600 shares, the short-interest ratio is currently 3.0 days.
View Western Alliance Bancorporation's Short Interest
.

When is Western Alliance Bancorporation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our WAL earnings forecast
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) posted its earnings results on Wednesday, January, 25th. The financial services provider reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The financial services provider had revenue of $701.20 million for the quarter, compared to analyst estimates of $733.13 million. Western Alliance Bancorporation had a net margin of 34.94% and a trailing twelve-month return on equity of 22.42%. Western Alliance Bancorporation's revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned $2.32 earnings per share.

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

Western Alliance Bancorporation announced a quarterly dividend on Wednesday, October 26th. Investors 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 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for WAL
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 1.94%. 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 14.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 12.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAL.

What is Kenneth A. Vecchione's approval rating as Western Alliance Bancorporation's CEO?

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.

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 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).

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 many different retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.98%), Artemis Investment Management LLP (0.44%), Mountain Pacific Investment Advisers Inc. ID (0.29%), Ferguson Wellman Capital Management Inc. (0.25%), Natixis Advisors L.P. (0.15%) and DNB Asset Management AS (0.14%). 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
.

How do I buy shares of Western Alliance Bancorporation?

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.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $73.42.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $8.00 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.06 billion in net income (profit) each year or $9.70 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

The company employs 3,139 workers across the globe.

Does Western Alliance Bancorporation have any subsidiaries?
The following companies are subsidiares of Western Alliance Bancorporation: AmeriHome Mortgage Company, AmeriHome Mortgage Company LLC, BW Real Estate Inc., BankWest Nevada Capital Trust II, Bridge Bank, Bridge Capital Holdings Trust I, Bridge Capital Holdings Trust II, CS Insurance Co., Digital Disbursements, First Independent Statutory Trust I, Helios Prime Inc., Intermountain First Statutory Trust I, Las Vegas Sunset Properties, WA PWI LLC, WAL Statutory Trust No. 2, WAL Statutory Trust No. 3, WAL Trust No. 1, Western Alliance Bank, Western Alliance Business Trust, Western Alliance Equipment Finance LLC, Western Alliance Mortgage Holding Company LLC, Western Finance Company, and Western One LLC.
Read More
How can I contact Western Alliance Bancorporation?

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.

This page (NYSE:WAL) was last updated on 1/30/2023 by MarketBeat.com Staff