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NYSE:WAL

Western Alliance Bancorporation - WAL Stock Forecast, Price & News

$35.39
+1.56 (+4.61%)
(As of 03/29/2023 03:04 PM ET)
Add
Compare
Today's Range
$34.00
$35.86
50-Day Range
$26.12
$80.60
52-Week Range
$7.46
$88.00
Volume
3.15 million shs
Average Volume
6.13 million shs
Market Capitalization
$3.88 billion
P/E Ratio
3.65
Dividend Yield
4.07%
Price Target
$80.89

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
130.7% Upside
$80.89 Price Target
Short Interest
Healthy
3.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.46mentions of Western Alliance Bancorporation in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$128,030 Sold Last Quarter
Proj. Earnings Growth
7.79%
From $9.75 to $10.51 Per Share

Overall MarketRank

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

3.48 out of 5 stars

Finance Sector

12th out of 892 stocks

State Commercial Banks Industry

7th out of 188 stocks


WAL stock logo

About Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation is a financial services holding company headquartered in Phoenix, Arizona. The company operates through several subsidiaries, including Western Alliance Bank, which provides a full range of banking and related services to businesses and individuals in the United States.

Founded in 1994, Western Alliance Bancorporation has grown into a leading regional bank with operations in several western states, including Arizona, California, and Nevada. The company has recently achieved significant growth and success, including being named one of the Top 50 Best Banks in America by Forbes in 2020.

The management team at Western Alliance Bancorporation is led by Chairman and CEO Kenneth Vecchione, who has been with the company since its inception. Under Vecchione's leadership, Western Alliance Bancorporation has become one of the country's fastest-growing banks, focusing on providing exceptional customer service and innovative financial solutions.

Western Alliance Bancorporation has demonstrated impressive financial performance in recent years, with consistent revenue and earnings growth. However, like many other financial services companies, in Q1 of 2022, the stock started falling because investors feared a recession. The company has maintained a balance sheet with higher debt and questionable liquidity. Despite its strong financial performance, Western Alliance Bancorporation's valuation metrics remain reasonable compared to industry peers. The company's price-to-earnings ratio and price-to-book have kept pace with industry peers. This suggests that the market still needs to fully recognize the company's potential. Despite sector volatility in the market, the company's stock has remained on pace with many of its peers.

Western Alliance Bancorporation operates in a highly competitive and regulated industry, with several large and established banks competing for market share. However, the company has been able to differentiate itself through its focus on customer service and its innovative approach to banking. The company's strong relationships with its customers and ability to quickly adapt to changing market conditions have enabled it to grow its business and expand its reach consistently.

Western Alliance Bancorporation is well-positioned to capitalize on several growth opportunities in the banking industry. The company has a strong track record of successful acquisitions and will likely continue pursuing strategic mergers and acquisitions to expand its business and customer base. Additionally, the company is well-positioned to use emerging technologies, such as mobile banking and digital payments, to serve its customers better and improve its operations.

Despite its many strengths, Western Alliance Bancorporation faces risks and challenges that could impact its future performance. These include changing regulatory requirements, increasing competition from larger banks, and potential consumer preferences or behavior changes. However, the company's experienced management team and strong financial position should enable it to navigate these challenges and continue delivering value to shareholders for years.

Regarding regulatory issues, Western Alliance Bancorporation is subject to the rules and oversight of various state and federal regulatory bodies, including the Federal Reserve, the FDIC, and state banking departments. Compliance with these regulations can be complex and time-consuming, and changes in regulatory requirements could impact the company's ability to operate effectively and profitably.

Western Alliance Bancorporation faces increasing competition from larger banks, as well as from emerging fintech companies that are disrupting traditional banking models. While the company has a proven track record of innovation and adaptability, it must continue investing in technology and digital capabilities to remain competitive and attract new customers.

Changes in consumer preferences or behavior could impact the company's future performance. For example, if consumers increasingly turn to digital banking and mobile payments, Western Alliance Bancorporation may need to adapt its business model to remain relevant and competitive.

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WAL Stock News Headlines

Company News for Mar 28, 2023
Dow Industrials Climb as Bank Concerns Ebb
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Should Investors Dump Western Alliance Stock? (NYSE:WAL)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Why Western Alliance Bancorp Was Down 6.8% Today
7 Great Value Stocks to Buy While You Can
Western Alliance Bank Provides End of Week Update
See More Headlines
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WAL Company Calendar

Last Earnings
1/25/2023
Ex-Dividend for 3/3 Dividend
2/16/2023
Dividend Payable
3/03/2023
Today
3/29/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
95763810
Employees
3,365
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$80.89
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+126.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
43.63%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$11.36 per share
Book Value
$46.47 per share

Miscellaneous

Free Float
106,798,000
Market Cap
$3.92 billion
Optionable
Optionable
Beta
1.44

Social Links


Key Executives

  • Kenneth A. VecchioneKenneth A. Vecchione
    President, Chief Executive Officer & Director
  • Timothy W. BootheTimothy W. Boothe
    Chief Operating Officer
  • Dale M. GibbonsDale M. Gibbons
    Vice Chairman & Chief Financial Officer
  • Jeffrey Semonovich
    Chief Information Officer & Executive VP
  • Randall S. TheisenRandall S. Theisen
    Secretary, Chief Legal Officer & Executive VP













WAL Stock - Frequently Asked Questions

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

6 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 4 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.

What is Western Alliance Bancorporation's stock price forecast for 2023?

6 Wall Street analysts have issued 12 month price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $50.00 to $105.00. On average, they expect the company's stock price to reach $80.89 in the next year. This suggests a possible upside of 139.1% 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 2023?

Western Alliance Bancorporation's stock was trading at $59.56 at the beginning of 2023. Since then, WAL stock has decreased by 43.2% and is now trading at $33.83.
View the best growth stocks for 2023 here
.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in March. As of March 15th, there was short interest totaling 4,090,000 shares, an increase of 53.2% from the February 28th total of 2,670,000 shares. Based on an average daily volume of 5,480,000 shares, the short-interest ratio is presently 0.7 days. Approximately 4.0% of the company's stock are sold short.
View Western Alliance Bancorporation's Short Interest
.

When is Western Alliance Bancorporation's next earnings date?

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

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) announced its earnings results on Wednesday, January, 25th. The financial services provider reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The financial services provider earned $701.20 million during the quarter, compared to the consensus estimate of $733.13 million. Western Alliance Bancorporation had a net margin of 34.94% and a trailing twelve-month return on equity of 22.00%. The firm's revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 earnings per share.

How often does Western Alliance Bancorporation pay dividends? What is the dividend yield for Western Alliance Bancorporation?

Western Alliance Bancorporation declared a quarterly dividend on Monday, February 6th. Investors of record on Friday, February 17th will be paid a dividend of $0.36 per share on Friday, March 3rd. This represents a $1.44 annualized dividend and a yield of 4.26%. The ex-dividend date is Thursday, February 16th.
Read our dividend analysis for WAL
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.36%. WAL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 13.70% 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 a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.84%), T. Rowe Price Investment Management Inc. (5.56%), Clearbridge Investments LLC (2.92%), Thrivent Financial for Lutherans (2.60%), William Blair Investment Management LLC (2.37%) and Davis Asset Management L.P. (2.30%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Tim R Bruckner, 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 $33.83.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $3.71 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.06 billion in net income (profit) each year or $9.70 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

The company employs 3,365 workers across the globe.

Does Western Alliance Bancorporation have any subsidiaries?
The following companies are subsidiares of Western Alliance Bancorporation: AmeriHome Mortgage Company, AmeriHome Mortgage Company LLC, BW Real Estate Inc., BankWest Nevada Capital Trust II, Bridge Bank, Bridge Capital Holdings Trust I, Bridge Capital Holdings Trust II, CS Insurance Co., Digital Disbursements, First Independent Statutory Trust I, Helios Prime Inc., Intermountain First Statutory Trust I, Las Vegas Sunset Properties, WA PWI LLC, WAL Statutory Trust No. 2, WAL Statutory Trust No. 3, WAL Trust No. 1, Western Alliance Bank, Western Alliance Business Trust, Western Alliance Equipment Finance LLC, Western Alliance Mortgage Holding Company LLC, Western Finance Company, and Western One LLC.
Read More
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 3/29/2023 by MarketBeat.com Staff