Western Alliance Bancorporation - WAL Stock Forecast, Price & News

4 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 2 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.

4 Wall Street research analysts have issued twelve-month price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $65.00 to $105.00. On average, they anticipate the company's stock price to reach $86.75 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for WAL or view top-rated stocks among Wall Street analysts.

Western Alliance Bancorporation's stock was trading at $59.56 on January 1st, 2023. Since then, WAL stock has increased by 24.8% and is now trading at $74.36.
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Western Alliance Bancorporation saw a increase in short interest in 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 daily volume of 935,600 shares, the short-interest ratio is presently 3.0 days.
View Western Alliance Bancorporation's Short Interest.

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

Western Alliance Bancorporation (NYSE:WAL) released its earnings results on Wednesday, January, 25th. The financial services provider reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates 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 22.42% and a net margin of 34.94%. Western Alliance Bancorporation's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company posted $2.32 EPS.

Western Alliance Bancorporation declared 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 dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for WAL.

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 2.00%. 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 12.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAL.

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.

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).

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

Western Alliance Bancorporation's stock is owned by many different institutional and retail 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.
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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.
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One share of WAL stock can currently be purchased for approximately $74.36.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $8.10 billion and generates $3.02 billion in revenue each year. The financial services provider earns $899.20 million in net income (profit) each year or $9.70 on an earnings per share basis.

The company employs 3,139 workers across the globe.

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.