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NYSE:WAL

Western Alliance Bancorporation Stock Forecast, Price & News

$72.51
+0.74 (+1.03%)
(As of 07/5/2022 02:56 PM ET)
Add
Compare
Today's Range
$69.37
$73.21
50-Day Range
$69.04
$83.18
52-Week Range
$68.42
$124.93
Volume
9,713 shs
Average Volume
698,458 shs
Market Capitalization
$7.85 billion
P/E Ratio
8.07
Dividend Yield
1.95%
Price Target
$119.75

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
65.7% Upside
$119.75 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
-0.32mentions of Western Alliance Bancorporation in the last 14 days
Based on 18 Articles This Week
Insider Trading
Acquiring Shares
$549,224 Bought Last Quarter
Proj. Earnings Growth
19.03%
From $9.88 to $11.76 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.93 out of 5 stars

Finance Sector

67th out of 1,398 stocks

State Commercial Banks Industry

16th out of 243 stocks

30 days | 90 days | 365 days | Advanced Chart

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Western Alliance Bancorporation 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.

WAL Stock News Headlines

Monday 5/2 Insider Buying Report: WAL
Robert Sarver retires from Western Alliance Bank
Robert Sarver retires from Western Alliance Bank
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
4/21/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Today
7/05/2022
Next Earnings (Estimated)
7/21/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$119.75
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+65.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85714285714286
Research Coverage
7 Analysts

Profitability

Net Income
$899.20 million
Pretax Margin
51.60%

Debt

Sales & Book Value

Annual Sales
$2.06 billion
Cash Flow
$9.59 per share
Book Value
$44.80 per share

Miscellaneous

Free Float
105,239,000
Market Cap
$7.85 billion
Optionable
Optionable
Beta
1.45

Social Links















Western Alliance Bancorporation Frequently Asked Questions

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

7 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 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Western Alliance Bancorporation stock.
View analyst ratings for Western Alliance Bancorporation
or view top-rated stocks.

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

7 Wall Street research analysts have issued 12-month target prices for Western Alliance Bancorporation's shares. Their WAL stock forecasts range from $80.00 to $150.00. On average, they expect Western Alliance Bancorporation's share price to reach $119.75 in the next twelve months. This suggests a possible upside of 63.7% from the stock's current price.
View analysts' price targets for Western Alliance Bancorporation
or view top-rated stocks among Wall Street analysts.

How has Western Alliance Bancorporation's stock performed in 2022?

Western Alliance Bancorporation's stock was trading at $107.65 on January 1st, 2022. Since then, WAL stock has decreased by 32.1% and is now trading at $73.13.
View the best growth stocks for 2022 here
.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for Western Alliance Bancorporation
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) announced its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. The financial services provider had revenue of $555.80 million for the quarter, compared to the consensus estimate of $540.09 million. Western Alliance Bancorporation had a net margin of 41.03% and a trailing twelve-month return on equity of 21.77%. The firm's revenue was up 64.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 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 Thursday, April 28th. Shareholders of record on Friday, May 13th will be given a dividend of $0.35 per share on Friday, May 27th. This represents a $1.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, May 12th.
View Western Alliance Bancorporation's dividend history
.

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 1.95%. Western Alliance Bancorporation does not yet have a strong track record of dividend growth. The dividend payout ratio of Western Alliance Bancorporation is 15.57%. 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 11.90% next year. This indicates that Western Alliance Bancorporation will be able to sustain or increase its dividend.
View Western Alliance Bancorporation's dividend history.

Who are Western Alliance Bancorporation's key executives?

Western Alliance Bancorporation's management team includes the following people:
  • Mr. Kenneth A. Vecchione, CEO, Pres & Director (Age 68, Pay $4.51M)
  • Mr. Dale M. Gibbons, Vice Chairman, Exec. VP & CFO (Age 62, Pay $2.16M) (LinkedIn Profile)
  • Mr. Timothy W. Boothe, Chief Operating Officer (Age 56, Pay $1.08M) (LinkedIn Profile)
  • Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 54)
  • Mr. Jeff Semonovich, Chief Information Officer
  • Ms. Jessica Jarvi, Gen. Counsel
  • Mr. Miles Pondelik, Director of Investor Relations & Corp. Devel.
  • Ms. Barbara J. Kennedy, Chief Human Resource Officer (Age 55)
  • Mr. Robert R. McAuslan, Exec. VP (Age 74)
  • Mr. Daniel P. Myers, Division CEO of Bridge Bank (Age 62)

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

14 employees have rated Western Alliance Bancorporation CEO Kenneth A. Vecchione on Glassdoor.com. Kenneth A. Vecchione has an approval rating of 60% among Western Alliance Bancorporation'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), Square (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."

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.
Compare Top Brokerages Here.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $73.13.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $7.92 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 $8.99 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

Western Alliance Bancorporation 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 Western Alliance Bancorporation 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 7/5/2022 by MarketBeat.com Staff

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