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NYSE:WAL

Western Alliance Bancorporation - WAL Stock Forecast, Price & News

$31.28
-0.63 (-1.97%)
(As of 03/23/2023 02:03 PM ET)
Add
Compare
Today's Range
$31.12
$34.90
50-Day Range
$26.12
$80.60
52-Week Range
$7.46
$88.00
Volume
5.54 million shs
Average Volume
5.98 million shs
Market Capitalization
$3.43 billion
P/E Ratio
3.22
Dividend Yield
4.60%
Price Target
$84.89

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
151.4% Upside
$80.89 Price Target
Short Interest
Healthy
2.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.43mentions of Western Alliance Bancorporation in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$128,030 Sold Last Quarter
Proj. Earnings Growth
8.00%
From $9.87 to $10.66 Per Share

Overall MarketRank

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

3.48 out of 5 stars

Finance Sector

15th out of 876 stocks

State Commercial Banks Industry

3rd out of 180 stocks


WAL stock logo

About Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorp is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services. It operates through the following business segments: Commercial, Consumer Related, and Corporate and Other. The Commercial segment focuses on delivering commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. The Consumer Related segment provides commercial banking services to enterprises in consumer-related sectors and consumer banking services. The Corporate and Other segment represents the company's investment portfolio, corporate borrowings and other related items, income and expense items. The company was founded in 1995 and is headquartered in Phoenix, AZ.

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WAL Stock News Headlines

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Why Western Alliance Bancorp Was Down 6.8% Today
7 Great Value Stocks to Buy While You Can
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Western Alliance Bancorporation (NYSE:WAL) Shares Down 9.2%
Western Alliance Bank Provides End of Week Update
See More Headlines
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WAL Company Calendar

Last Earnings
1/25/2023
Ex-Dividend for 3/3 Dividend
2/16/2023
Dividend Payable
3/03/2023
Today
3/23/2023
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
3,365
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$80.89
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+169.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
6 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
43.63%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$11.33 per share
Book Value
$46.47 per share

Miscellaneous

Free Float
106,798,000
Market Cap
$3.45 billion
Optionable
Optionable
Beta
1.44

Social Links


Key Executives

  • Kenneth A. VecchioneKenneth A. Vecchione
    President, Chief Executive Officer & Director
  • Timothy W. BootheTimothy W. Boothe
    Chief Operating Officer
  • Dale M. GibbonsDale M. Gibbons
    Vice Chairman & Chief Financial Officer
  • Jeffrey Semonovich
    Chief Information Officer & Executive VP
  • Randall S. TheisenRandall S. Theisen
    Secretary, Chief Legal Officer & Executive VP













WAL Stock - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 2 hold ratings and 3 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.

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

5 brokerages have issued twelve-month price objectives for Western Alliance Bancorporation's stock. Their WAL share price forecasts range from $65.00 to $105.00. On average, they predict the company's stock price to reach $84.89 in the next twelve months. This suggests a possible upside of 166.0% 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 at the start of the year. Since then, WAL stock has decreased by 46.4% and is now trading at $31.91.
View the best growth stocks for 2023 here
.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,670,000 shares, an increase of 19.7% from the February 13th total of 2,230,000 shares. Based on an average daily volume of 979,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.6% of the shares of the stock are sold short.
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) announced its quarterly earnings data 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 trailing twelve-month return on equity of 22.00% and a net margin of 34.94%. The company's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm 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 declared a quarterly dividend on Monday, February 6th. Investors of record on Friday, February 17th will be paid a dividend of $0.36 per share on Friday, March 3rd. This represents a $1.44 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, February 16th.
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 4.93%. WAL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 12.64% 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 a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.84%), T. Rowe Price Investment Management Inc. (5.56%), Clearbridge Investments LLC (2.92%), Thrivent Financial for Lutherans (2.60%), William Blair Investment Management LLC (2.37%) and Davis Asset Management L.P. (2.30%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Tim R Bruckner, 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 $31.91.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $3.50 billion and generates $2.30 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 3,365 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.
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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 3/23/2023 by MarketBeat.com Staff