NYSE:WAL - Western Alliance Bancorporation Stock Price, Forecast & News

Western Alliance Bancorporation's stock was trading at $32.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WAL shares have decreased by 8.2% and is now trading at $29.70. View which stocks have been mosted impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Alliance Bancorporation.

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast for Western Alliance Bancorporation.

Western Alliance Bancorporation (NYSE:WAL) posted its quarterly earnings data on Thursday, January, 23rd. The financial services provider reported $1.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.20 by $0.05. The financial services provider earned $287.50 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. View Western Alliance Bancorporation's earnings history.

Western Alliance Bancorporation announced a quarterly dividend on Friday, February 7th. Investors of record on Friday, February 14th will be given a dividend of $0.25 per share on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, February 13th. View Western Alliance Bancorporation's dividend history.

7 equities research analysts have issued twelve-month price objectives for Western Alliance Bancorporation's shares. Their forecasts range from $32.00 to $62.00. On average, they expect Western Alliance Bancorporation's stock price to reach $49.20 in the next year. This suggests a possible upside of 65.7% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

News stories about WAL stock have been trending very negative on Friday, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing 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 nearest to five being the most favorable. Western Alliance Bancorporation earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage 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 effect on the stock's share price in the next several days. View the latest news aboutWestern 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 short-interest ratio is currently 2.5 days. Currently, 1.9% of the company's stock are sold short. View Western Alliance Bancorporation's Current Options Chain.

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 TCF Financial (TCF).

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).

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

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.

One share of WAL stock can currently be purchased for approximately $29.70.

Western Alliance Bancorporation has a market capitalization of $3.04 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.

The official website for Western Alliance Bancorporation is http://www.westernalliancebancorp.com/.

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]