NYSE:WAL

Western Alliance Bancorporation Stock Forecast, Price & News

$69.07

-2.24 (-3.14 %)

(As of 01/21/2021 03:31 PM ET)

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Today's Range

$68.46

Now: $69.07▼

$71.10

50-Day Range

$52.35

MA: $61.47▼

$72.43

52-Week Range

$20.90

Now: $69.07▼

$72.48

Volume22,826 shs

Average Volume790,115 shs

Market Capitalization$6.96 billion

P/E Ratio16.25

Dividend Yield1.42%

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.

MarketRank^™

Overall MarketRank^™

2.11 out of 5 stars

Finance Sector

171st out of 1,942 stocks

State Commercial Banks Industry

32nd out of 310 stocks

1.4 Analyst's Opinion

Consensus Rating
Western Alliance Bancorporation has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.56, Western Alliance Bancorporation has a forecasted downside of 30.9% from its current price of $68.78.
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 450 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Alliance Bancorporation has received 376 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Alliance Bancorporation has received 54.48% “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.

1.7 Dividend Strength

Dividend Yield
Western Alliance Bancorporation has a dividend yield of 1.42%, which is in the bottom 25% of all stocks that pay dividends.
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 22.17% next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Alliance Bancorporation insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,894,138.00 in company stock.
Percentage Held by Insiders
Only 3.46% of the stock of Western Alliance Bancorporation is held by insiders.
Percentage Held by Institutions
84.14% 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 16.24% in the coming year, from $3.88 to $4.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Alliance Bancorporation is 16.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Alliance Bancorporation is 16.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.98.
Price to Book Value per Share Ratio
Western Alliance Bancorporation has a P/B Ratio of 2.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Ratio16.25

Forward P/E Ratio17.80

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.29 billion

Price / Sales5.40

Cash Flow$10.47 per share

Price / Cash Flow6.60

Book Value$29.39 per share

Price / Book2.35

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$6.96 billion

Next Earnings Date1/21/2021 (Confirmed)

OptionableOptionable

$69.07

-2.24 (-3.14 %)

(As of 01/21/2021 03:31 PM 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 been impacted by COVID-19?

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 (WHO). Since then, WAL stock has increased by 112.5% and is now trading at $68.78.
View which stocks have been most impacted by COVID-19.

Is Western Alliance Bancorporation a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Western Alliance Bancorporation stock.
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 past winning trading ideas 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.

What is Greg D. Wight's approval rating as Western Alliance Bancorporation's CEO?

6 employees have rated Western Alliance Bancorporation CEO Greg D. Wight on Glassdoor.com. Greg D. Wight has an approval rating of 100% among Western Alliance Bancorporation's employees. This puts Greg D. Wight in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast for Western Alliance Bancorporation.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) issued its earnings results on Thursday, October, 22nd. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.32. The financial services provider had revenue of $305.30 million for the quarter, compared to analyst estimates of $312.24 million. Western Alliance Bancorporation had a net margin of 32.82% and a return on equity of 14.37%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 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 announced a quarterly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.25 per share on Friday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 12th.
View Western Alliance Bancorporation's dividend history.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.42%. The dividend payout ratio of Western Alliance Bancorporation is 20.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Western Alliance Bancorporation will have a dividend payout ratio of 22.17% next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.
View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

8 equities research analysts have issued 12-month price objectives for Western Alliance Bancorporation's stock. Their forecasts range from $34.00 to $83.00. On average, they anticipate Western Alliance Bancorporation's share price to reach $47.56 in the next twelve months. This suggests that the stock has a possible downside of 30.9%.
View analysts' price targets for Western Alliance Bancorporation or view Wall Street analyst' top-rated stocks.

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), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Prosperity Bancshares (PB).
View all of WAL's 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 60, Pay $2.37M)
Mr. Kenneth A. Vecchione, CEO, Pres & Director (Age 67, Pay $2.96M)
Mr. Dale M. Gibbons, Vice Chairman, Exec. VP & CFO (Age 61, Pay $1.88M)
Mr. Randall S. Theisen, Gen. Counsel & Sec. (Age 63, Pay $928.53k)
Ms. Barbara J. Kennedy, Chief Human Resource Officer (Age 54, Pay $800k)
Mr. Timothy W. Boothe, Chief Operating Officer (Age 55)
Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 53)
Mr. Jeff Semonovich, Chief Information Officer
Ms. Robyn Young, Exec. VP & Chief Marketing Officer
Mr. Robert R. McAuslan, Exec. VP (Age 73)

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 institutional and retail investors. Top institutional shareholders include AMI Asset Management Corp (0.11%), DNB Asset Management AS (0.09%), Sippican Capital Advisors (0.03%), Park Avenue Securities LLC (0.01%), First Hawaiian Bank (0.00%) and Buckley Wealth Management LLC (0.00%). Company insiders that own Western Alliance Bancorporation stock include Bruce D Beach, Dale Gibbons, Donald D Snyder, 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 AMI Asset Management Corp, DNB Asset Management AS, and Sippican Capital Advisors. Company insiders that have sold Western Alliance Bancorporation company stock in the last year include Donald D Snyder, 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 or view top insider-selling stocks.

Which institutional investors are buying Western Alliance Bancorporation stock?

WAL stock was acquired by a variety of institutional investors in the last quarter, including Park Avenue Securities LLC, First Hawaiian Bank, and Buckley Wealth Management LLC. 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 or or view top insider-buying stocks.

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 WeBull, 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 $68.78.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $6.94 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 1/21/2021 by MarketBeat.com Staff

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