NYSE:WALWestern Alliance Bancorporation Stock Price, Forecast & News

$35.08

+2.22 (+6.76 %)

(As of 04/10/2020 08:14 AM ET)

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Today's Range

$33.88

Now: $35.08▼

$35.83

50-Day Range

$22.16

MA: $37.24▼

$58.15

52-Week Range

$20.90

Now: $35.08▼

$58.94

Volume1.25 million shs

Average Volume1.75 million shs

Market Capitalization$3.59 billion

P/E Ratio7.25

Dividend Yield3.04%

Beta1.89

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^™

3.5 Analyst's Opinion

Consensus Rating
Western Alliance Bancorporation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.42, Western Alliance Bancorporation has a potential upside of 35.2% from its current price of $35.08.
Amount of Analyst Coverage
Western Alliance Bancorporation has only been the subject of 4 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Western Alliance Bancorporation has received 444 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Alliance Bancorporation has received 365 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Alliance Bancorporation has received 54.88% “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 3.04%, 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 20.33 % next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Alliance Bancorporation insiders have sold 330.07% more of their company's stock than they have bought. Specifically, they have bought $575,525.00 in company stock and sold $2,475,150.00 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
84.70% 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 9.58% in the coming year, from $4.49 to $4.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Alliance Bancorporation is 7.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Alliance Bancorporation is 7.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.03.
Price to Earnings Growth Ratio
Western Alliance Bancorporation has a PEG Ratio of 0.49. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Western Alliance Bancorporation has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.73 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

Webhttp://www.westernalliancebancorp.com/

Phone602-389-3500

Debt

Debt-to-Equity Ratio0.13

Current Ratio0.94

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio7.25

Forward P/E Ratio7.81

P/E Growth0.49

Sales & Book Value

Annual Sales$1.29 billion

Price / Sales2.79

Cash Flow$5.99 per share

Price / Cash Flow5.86

Book Value$29.39 per share

Price / Book1.19

Profitability

EPS (Most Recent Fiscal Year)$4.84

Net Income$499.17 million

Net Margins38.69%

Return on Equity17.34%

Return on Assets1.95%

Miscellaneous

Employees1,835

Outstanding Shares102,480,000

Market Cap$3.59 billion

Next Earnings Date4/16/2020 (Confirmed)

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 8.4% and is now trading at $35.08. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Alliance Bancorporation?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 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, April 16th 2020. View our earnings forecast for Western Alliance Bancorporation.

How can I listen to Western Alliance Bancorporation's earnings call?

Western Alliance Bancorporation will be holding an earnings conference call on Thursday, April 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) issued its earnings results on Thursday, January, 23rd. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. The financial services provider earned $287.50 million during the quarter, compared to the consensus estimate of $289.11 million. Western Alliance Bancorporation had a return on equity of 17.34% and a net margin of 38.69%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. 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 Friday, February 7th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.25 per share on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, February 13th. View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

8 equities research analysts have issued 1 year price targets for Western Alliance Bancorporation's stock. Their forecasts range from $32.00 to $62.00. On average, they expect Western Alliance Bancorporation's stock price to reach $47.42 in the next year. This suggests a possible upside of 35.2% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Has Western Alliance Bancorporation been receiving favorable news coverage?

News stories about WAL stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. 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 daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutWestern Alliance Bancorporation.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,754,100 shares, an increase of 11.7% from the February 27th total of 1,570,000 shares. Based on an average daily volume of 699,800 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.9% of the company's shares are short sold. 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), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and Cullen/Frost Bankers (CFR).

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), NVIDIA (NVDA), Alibaba Group (BABA), Paypal (PYPL), Skyworks Solutions (SWKS), Walt Disney (DIS), Bank of America (BAC), Applied Materials (AMAT), Advanced Micro Devices (AMD) and Lam Research (LRCX).

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 many different retail and institutional investors. Top institutional investors include Mountain Pacific Investment Advisers Inc. ID (0.34%) and Hotaling Investment Management LLC (0.03%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Dale Gibbons, Donald D Snyder, Gerald A Cady, James E D V M Nave, Kenneth Vecchione, Marianne Boyd Johnson, Michael Patriarca, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan, Sung Won Sohn, 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 Hotaling Investment Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including Mountain Pacific Investment Advisers Inc. ID. 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 $35.08.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $3.59 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. View additional information about Western Alliance Bancorporation.

What is Western Alliance Bancorporation's official website?

The official website for Western Alliance Bancorporation is http://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 4/10/2020 by MarketBeat.com Staff