Western Alliance Bancorporation - WAL Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 1 hold rating and 5 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.

6 Wall Street analysts have issued 12-month target prices for Western Alliance Bancorporation's stock. Their WAL share price forecasts range from $85.00 to $150.00. On average, they anticipate the company's share price to reach $108.86 in the next year. This suggests a possible upside of 62.7% 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 $107.65 at the beginning of 2022. Since then, WAL shares have decreased by 37.9% and is now trading at $66.90.
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Western Alliance Bancorporation saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,790,000 shares, an increase of 22.6% from the August 31st total of 1,460,000 shares. Based on an average daily volume of 605,000 shares, the days-to-cover ratio is currently 3.0 days.
View Western Alliance Bancorporation's Short Interest.

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

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

Western Alliance Bancorporation announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.36 per share on Friday, August 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, August 11th. This is an increase from the stock's previous quarterly dividend of $0.35.
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 2.09%. 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 15.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 12.33% 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 a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (13.37%), Clearbridge Investments LLC (2.96%), William Blair Investment Management LLC (2.48%), Macquarie Group Ltd. (2.41%), State Street Corp (2.36%) and Thrivent Financial for Lutherans (2.36%). 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 $66.90.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $7.24 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.

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.