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NYSE:WAL

Western Alliance Bancorporation - WAL Stock Forecast, Price & News

$85.53
+1.68 (+2.00%)
(As of 08/12/2022 04:34 PM ET)
Add
Compare
Today's Range
$83.77
$85.58
50-Day Range
$69.04
$83.85
52-Week Range
$68.41
$124.93
Volume
396,687 shs
Average Volume
844,006 shs
Market Capitalization
$9.26 billion
P/E Ratio
9.29
Dividend Yield
1.67%
Price Target
$108.86

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
27.2% Upside
$108.86 Price Target
Short Interest
Healthy
1.61% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.71mentions of Western Alliance Bancorporation in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$301,580 Bought Last Quarter
Proj. Earnings Growth
16.95%
From $10.03 to $11.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.44 out of 5 stars

Finance Sector

7th out of 918 stocks

State Commercial Banks Industry

3rd out of 191 stocks

WAL stock logo

About Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, 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. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WAL shares. Piper Sandler reduced their target price on shares of Western Alliance Bancorporation to $105.00 in a research report on Friday, May 20th. Wedbush increased their price objective on Western Alliance Bancorporation to $85.00 in a research report on Friday, July 22nd. DA Davidson cut their price target on Western Alliance Bancorporation to $100.00 in a research note on Monday, July 25th. Truist Financial decreased their price target on Western Alliance Bancorporation to $95.00 in a report on Tuesday, July 26th. Finally, Jefferies Financial Group reduced their target price on shares of Western Alliance Bancorporation from $108.00 to $92.00 in a research note on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $108.86.

Western Alliance Bancorporation Trading Up 2.0 %

WAL traded up $1.68 during midday trading on Friday, reaching $85.53. 396,687 shares of the company were exchanged, compared to its average volume of 844,006. The stock has a market capitalization of $9.26 billion, a P/E ratio of 9.20, a PEG ratio of 0.74 and a beta of 1.42. Western Alliance Bancorporation has a one year low of $68.41 and a one year high of $124.93. The stock's 50-day simple moving average is $74.72 and its 200 day simple moving average is $81.37. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.99.

Western Alliance Bancorporation (NYSE:WAL - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.09. The business had revenue of $628.20 million for the quarter, compared to the consensus estimate of $585.26 million. Western Alliance Bancorporation had a net margin of 40.16% and a return on equity of 21.55%. During the same period last year, the company posted $2.29 EPS. As a group, analysts forecast that Western Alliance Bancorporation will post 10.03 earnings per share for the current fiscal year.

Western Alliance Bancorporation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a $0.36 dividend. This is a positive change from Western Alliance Bancorporation's previous quarterly dividend of $0.35. The ex-dividend date is Thursday, August 11th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Western Alliance Bancorporation's payout ratio is 15.20%.

Insider Activity at Western Alliance Bancorporation

In related news, CFO Dale Gibbons bought 2,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average cost of $77.22 per share, with a total value of $154,440.00. Following the purchase, the chief financial officer now owns 258,365 shares in the company, valued at $19,950,945.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.57% of the stock is owned by corporate insiders.

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WAL Stock News Headlines

Monday 5/2 Insider Buying Report: WAL
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WAL Company Calendar

Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
7/21/2022
Ex-Dividend for 8/26 Dividend
8/11/2022
Today
8/12/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
95763810
Employees
3,139
Year Founded
2014

Price Target and Rating

Average Stock Price Forecast
$108.86
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+27.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$899.20 million
Pretax Margin
50.58%

Debt

Sales & Book Value

Annual Sales
$2.06 billion
Cash Flow
$9.93 per share
Book Value
$43.07 per share

Miscellaneous

Free Float
105,499,000
Market Cap
$9.26 billion
Optionable
Optionable
Beta
1.42

Social Links















WAL Stock - Frequently Asked Questions

Should I buy or sell Western Alliance Bancorporation stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WAL shares.
View WAL analyst ratings
or view top-rated stocks.

What is Western Alliance Bancorporation's stock price forecast for 2022?

6 analysts have issued 1-year price objectives for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $85.00 to $150.00. On average, they predict the company's share price to reach $108.86 in the next year. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for WAL
or view top-rated stocks among Wall Street analysts.

How have WAL shares performed in 2022?

Western Alliance Bancorporation's stock was trading at $107.65 at the beginning of 2022. Since then, WAL shares have decreased by 21.1% and is now trading at $84.90.
View the best growth stocks for 2022 here
.

When is Western Alliance Bancorporation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our WAL earnings forecast
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) posted its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.09. The financial services provider had revenue of $628.20 million for the quarter, compared to analysts' expectations of $585.26 million. Western Alliance Bancorporation had a net margin of 40.16% and a trailing twelve-month return on equity of 21.55%. During the same period in the prior year, the firm earned $2.29 earnings per share.

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 Thursday, July 28th. Shareholders of record on Friday, August 12th will be given a dividend of $0.36 per share on Friday, August 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Thursday, August 11th. This is a positive change from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for WAL
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.71%. 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 15.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 11.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAL.

What is Kenneth A. Vecchione's approval rating as Western Alliance Bancorporation's CEO?

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.

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 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).

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 Clearbridge Investments LLC (2.96%), William Blair Investment Management LLC (2.48%), Davis Capital Partners LLC (2.15%), JPMorgan Chase & Co. (1.71%), FMR LLC (0.91%) and Victory Capital Management Inc. (0.63%). 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.
View institutional ownership trends
.

How do I buy shares of Western Alliance Bancorporation?

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.
Compare Top Brokerages Here.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $84.90.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $9.19 billion and generates $2.06 billion in revenue each year. The financial services provider earns $899.20 million in net income (profit) each year or $9.21 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

The company employs 3,139 workers across the globe.

When was Western Alliance Bancorporation founded?

Western Alliance Bancorporation was founded in 2014.

How can I contact Western Alliance Bancorporation?

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.

This page (NYSE:WAL) was last updated on 8/12/2022 by MarketBeat.com Staff

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