NYSE:WALWestern 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 stock has increased by 8.6% and is now trading at $35.15. View which stocks have been most impacted by Coronavirus.

9 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 6 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 Thursday, July 16th 2020. View our earnings forecast for Western Alliance Bancorporation.

Western Alliance Bancorporation (NYSE:WAL) posted its quarterly earnings data on Thursday, April, 16th. The financial services provider reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.11. The financial services provider earned $285.40 million during the quarter, compared to analyst estimates of $287.33 million. Western Alliance Bancorporation had a return on equity of 15.69% and a net margin of 35.68%. Western Alliance Bancorporation's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. View Western Alliance Bancorporation's earnings history.

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be given a dividend of $0.25 per share on Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 14th. View Western Alliance Bancorporation's dividend history.

9 brokers have issued 12-month target prices for Western Alliance Bancorporation's stock. Their forecasts range from $33.00 to $62.00. On average, they expect Western Alliance Bancorporation's stock price to reach $42.88 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Press coverage about WAL stock has been trending negative this week, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Western Alliance Bancorporation earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Western Alliance Bancorporation.

Western Alliance Bancorporation saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,380,000 shares, an increase of 23.4% from the May 31st total of 2,740,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.6% of the company's shares 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), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Alliance Bancorporation investors own include Continental Resources (CLR), Walt Disney (DIS), Netflix (NFLX), Square (SQ), NVIDIA (NVDA), Paypal (PYPL), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Trade Desk (TTD) and Zynga (ZNGA).

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

Western Alliance Bancorporation's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.23%) and DNB Asset Management AS (0.09%). 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, Michael Patriarca, Randall S Theisen, Robert Gary Sarver, Robert Reoch Mcauslan, Todd Marshall and William S Boyd. View institutional ownership trends for Western Alliance Bancorporation.

WAL stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management 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, and Todd Marshall. View insider buying and selling activity for Western Alliance Bancorporation.

WAL stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS. 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.

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 $35.15.

Western Alliance Bancorporation has a market capitalization of $3.54 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.

The official website for Western Alliance Bancorporation is 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]