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NYSE:WAL

Western Alliance Bancorporation Stock Forecast, Price & News

$54.54
-0.64 (-1.16 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$53.62
Now: $54.54▼
$55.29
50-Day Range
$37.02
MA: $44.61▼
$56.11
52-Week Range
$20.90
Now: $54.54▼
$58.94
Volume233,800 shs
Average Volume884,594 shs
Market Capitalization$5.50 billion
P/E Ratio12.83
Dividend Yield1.83%
Beta1.76
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.
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Western Alliance Bancorporation logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.3Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.26 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
Employees1,885

Debt

Debt-to-Equity Ratio0.20
Current Ratio0.95
Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio12.83
Forward P/E Ratio14.06
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.29 billion
Price / Sales4.26
Cash Flow$8.26 per share
Price / Cash Flow6.60
Book Value$29.39 per share
Price / Book1.86

Profitability

EPS (Most Recent Fiscal Year)$4.84
Net Income$499.17 million
Net Margins32.82%
Return on Equity14.37%
Return on Assets1.52%

Miscellaneous

Outstanding Shares100,829,000
Market Cap$5.50 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$54.54
-0.64 (-1.16 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Western Alliance Bancorporation (NYSE:WAL) Frequently Asked Questions

How has Western Alliance Bancorporation's stock price 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 (WHO). Since then, WAL stock has increased by 68.5% and is now trading at $54.54.
View which stocks have been most impacted by COVID-19.

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 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Western Alliance Bancorporation or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Western Alliance Bancorporation?

Wall Street analysts have given Western Alliance Bancorporation a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Western Alliance Bancorporation wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Western Alliance Bancorporation.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) posted its quarterly earnings results on Thursday, October, 22nd. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.04 by $0.32. The financial services provider had revenue of $305.30 million for the quarter, compared to the consensus estimate of $312.24 million. Western Alliance Bancorporation had a net margin of 32.82% and a return on equity of 14.37%. Western Alliance Bancorporation's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.24 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 announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.25 per share on Friday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 12th.
View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

8 brokerages have issued 12 month price objectives for Western Alliance Bancorporation's shares. Their forecasts range from $33.00 to $51.00. On average, they expect Western Alliance Bancorporation's stock price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 23.0%.
View analysts' price targets for Western Alliance Bancorporation.

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

Some companies that are related to Western Alliance Bancorporation include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
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 The Walt Disney (DIS), Continental Resources (CLR), Netflix (NFLX), Square (SQ), NVIDIA (NVDA), Tesla (TSLA), Activision Blizzard (ATVI), Zynga (ZNGA), Johnson & Johnson (JNJ) and The Trade Desk (TTD).

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 59, Pay $2.37M)
  • Mr. Kenneth A. Vecchione, CEO, Pres & Director (Age 66, Pay $2.96M)
  • Mr. Dale M. Gibbons, Vice Chairman, Exec. VP & CFO (Age 60, Pay $1.88M)
  • Mr. Randall S. Theisen, Gen. Counsel & Sec. (Age 62, Pay $928.53k)
  • Ms. Barbara J. Kennedy, Chief Human Resource Officer (Age 53, Pay $800k)
  • Mr. Timothy W. Boothe, Chief Operating Officer (Age 54)
  • Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 52)
  • Mr. Jeff Semonovich, Chief Information Officer
  • Ms. Robyn Young, Exec. VP & Chief Marketing Officer
  • Mr. Robert R. McAuslan, Exec. VP (Age 72)

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 BlackRock Inc. (4.05%), JPMorgan Chase & Co. (3.10%), Thrivent Financial for Lutherans (2.81%), State Street Corp (1.94%), Epoch Investment Partners Inc. (1.56%) and Victory Capital Management Inc. (1.22%). 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, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan, Timothy W Boothe, Todd Marshall and William S Boyd.
View institutional ownership trends for Western Alliance Bancorporation.

Which institutional investors are selling Western Alliance Bancorporation stock?

WAL stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., State Street Corp, Public Employees Retirement Association of Colorado, Westwood Holdings Group Inc., BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., AXA S.A., and Rothschild & Co. Asset Management US 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, Timothy W Boothe, and Todd Marshall.
View insider buying and selling activity for Western Alliance Bancorporation.

Which institutional investors are buying Western Alliance Bancorporation stock?

WAL stock was acquired by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Great West Life Assurance Co. Can, Arrowstreet Capital Limited Partnership, Morgan Stanley, Handelsbanken Fonder AB, Carlson Capital L P, MUFG Securities EMEA plc, and JPMorgan Chase & Co.. 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, 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 $54.54.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $5.50 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 1,885 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 11/30/2020 by MarketBeat.com Staff
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