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NYSE:WAL - Western Alliance Bancorporation Stock Price, Forecast & News

$29.70
+0.65 (+2.24 %)
(As of 04/3/2020 07:43 AM ET)
Today's Range
$28.54
Now: $29.70
$30.13
50-Day Range
$22.16
MA: $41.14
$58.26
52-Week Range
$20.90
Now: $29.70
$58.94
Volume952,401 shs
Average Volume1.85 million shs
Market Capitalization$3.04 billion
P/E Ratio6.14
Dividend Yield3.44%
Beta1.89
Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It also offers commercial and industrial loan products, such as working capital lines of credit, 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. As of December 31, 2018, the company operated 38 branch locations and 11 loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
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Western Alliance Bancorporation logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP95763810
Phone602-389-3500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$5.73 per share
Book Value$29.39 per share

Profitability

Net Income$499.17 million

Miscellaneous

Employees1,835
Market Cap$3.04 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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Western Alliance Bancorporation (NYSE:WAL) Frequently Asked Questions

How has Western Alliance Bancorporation's stock been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 8.2% and is now trading at $29.70. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Alliance Bancorporation?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Alliance Bancorporation.

When is Western Alliance Bancorporation's next earnings date?

Western Alliance Bancorporation is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast for Western Alliance Bancorporation.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) posted its quarterly earnings data on Thursday, January, 23rd. The financial services provider reported $1.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.20 by $0.05. The financial services provider earned $287.50 million during the quarter, compared to analysts' expectations of $289.11 million. Western Alliance Bancorporation had a return on equity of 17.34% and a net margin of 38.69%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. 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 Friday, February 7th. Investors of record on Friday, February 14th will be given a dividend of $0.25 per share on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, February 13th. View Western Alliance Bancorporation's dividend history.

What price target have analysts set for WAL?

7 equities research analysts have issued twelve-month price objectives for Western Alliance Bancorporation's shares. Their forecasts range from $32.00 to $62.00. On average, they expect Western Alliance Bancorporation's stock price to reach $49.20 in the next year. This suggests a possible upside of 65.7% from the stock's current price. View analysts' price targets for Western Alliance Bancorporation.

Has Western Alliance Bancorporation been receiving favorable news coverage?

News stories about WAL stock have been trending very negative on Friday, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Alliance Bancorporation earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutWestern Alliance Bancorporation.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,754,100 shares, an increase of 11.7% from the February 27th total of 1,570,000 shares. Based on an average daily volume of 699,800 shares, the short-interest ratio is currently 2.5 days. Currently, 1.9% of the company's stock are sold short. View Western Alliance Bancorporation's Current Options Chain.

Who are some of Western Alliance Bancorporation's key competitors?

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 Continental Resources (CLR), NVIDIA (NVDA), Alibaba Group (BABA), Paypal (PYPL), Skyworks Solutions (SWKS), Walt Disney (DIS), Bank of America (BAC), Applied Materials (AMAT), Advanced Micro Devices (AMD) and Lam Research (LRCX).

Who are Western Alliance Bancorporation's key executives?

Western Alliance Bancorporation's management team includes the following people:
  • Mr. Robert Gary Sarver, Exec. Chairman (Age 58)
  • Mr. Kenneth A. Vecchione, CEO & Director (Age 65)
  • Mr. Dale M. Gibbons, Vice Chairman & CFO (Age 59)
  • Mr. James Haught, Pres & COO (Age 50)
  • Mr. James Kelly Ardrey Jr., Sr. VP & Chief Accounting Officer (Age 51)

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $29.70.

How big of a company is Western Alliance Bancorporation?

Western Alliance Bancorporation has a market capitalization of $3.04 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. View additional information about Western Alliance Bancorporation.

What is Western Alliance Bancorporation's official website?

The official website for Western Alliance Bancorporation is http://www.westernalliancebancorp.com/.

How can I contact Western Alliance Bancorporation?

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]


MarketBeat Community Rating for Western Alliance Bancorporation (NYSE WAL)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  443 (Vote Outperform)
Underperform Votes:  365 (Vote Underperform)
Total Votes:  808
MarketBeat's community ratings are surveys of what our community members think about Western Alliance Bancorporation and other stocks. Vote "Outperform" if you believe WAL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WAL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/3/2020 by MarketBeat.com Staff

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