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Western Alliance (WAL)
NYSE:WAL
Western Alliance (WAL) Stock Price & Analysis
707 Followers
WAL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.83 - $69.39
Previous Close$67.31
Volume1.64M
Average Volume (3M)892.28K
Market Cap
$7.41B
Enterprise Value$14.82B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.41B
Price to Earnings (P/E)9.8
Beta1.96
Next Earnings
Jul 18, 2024EPS Estimate
$1.71Last Dividend Ex-Date
May 15, 2024Dividend Yield2.18%
Share Statistics
EPS (TTM)6.86
Shares Outstanding110,110,512
10 Day Avg. Volume919,813
30 Day Avg. Volume892,283
Standard Deviation0.16
R-Squared0.25
Alpha0.00371
Financial Highlights & Ratios
Price to Book (P/B)1.63
Price to Sales (P/S)3.06
Price to Cash Flow (P/CF)4.80
P/FCF Ratio2.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.66
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda82.11
Forecast
1Y Price Target
$76.10Price Target Upside8.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Western Alliance News
Bulls Say, Bears Say
Bulls Say
Deposit GrowthFollowing robust deposit growth in 1Q (just under $7B), WAL needs only $1.4B/quarter to achieve $11B guidance for '24.
Financial PerformanceReported Core/GAAP EPS of $1.72/$1.60. Core results were above our $1.59 estimate and the $1.65 Street mean.
Loan GrowthLoan growth outlook was increased to expect around $3.5 billion of loan growth in the remainder of 2024, up from the $1.5 billion implied in the prior guidance.
Bears Say
Credit MetricsCredit metrics have deteriorated, including an increase in nonperforming loans.
Expense ManagementExpense guidance increased significantly to 6%-9%, up from the previous 0%-2% guidance.
Net Interest MarginNet interest margin decreased by 7 basis points quarter-over-quarter, falling below the forecast.
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Ownership Overview
10.06% Insiders
47.54% Mutual Funds
15.53% Other Institutional Investors
26.86% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WAL FAQ
What was Western Alliance’s price range in the past 12 months?
Western Alliance lowest stock price was $37.83 and its highest was $69.39 in the past 12 months.
What is Western Alliance’s market cap?
Currently, no data Available
When is Western Alliance’s upcoming earnings report date?
Western Alliance’s upcoming earnings report date is Jul 18, 2024 which is yesterday.
How were Western Alliance’s earnings last quarter?
Western Alliance released its earnings results on Apr 18, 2024. The company reported $1.6 earnings per share for the quarter, missing the consensus estimate of $1.642 by -$0.042.
Is Western Alliance overvalued?
According to Wall Street analysts Western Alliance’s price is currently Undervalued.
Does Western Alliance pay dividends?
Western Alliance pays a Quarterly dividend of $0.37 which represents an annual dividend yield of 2.18%. See more information on Western Alliance dividends here
What is Western Alliance’s EPS estimate?
Western Alliance’s EPS estimate is $1.71.
How many shares outstanding does Western Alliance have?
Western Alliance has 110,110,510 shares outstanding.
What happened to Western Alliance’s price movement after its last earnings report?
Western Alliance reported an EPS of $1.6 in its last earnings report, missing expectations of $1.642. Following the earnings report the stock price went up 3.049%.
Which hedge fund is a major shareholder of Western Alliance?
Among the largest hedge funds holding Western Alliance’s share is Driehaus Capital Management LLC. It holds Western Alliance’s shares valued at 27M.
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Western Alliance Stock Smart Score
Unlock Smart Score
1
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Analyst Consensus
Strong Buy
Average Price Target:
$76.10 (8.96% Upside)
$76.10 (8.96% Upside)
Blogger Sentiment
Bullish
WAL Sentiment 88%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 601.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $192.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 6.2%
Last 30 Days ▼ 6.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
75.98%
12-Months-Change
Fundamentals
Return on Equity
12.96%
Trailing 12-Months
Asset Growth
8.36%
Trailing 12-Months
Company Description
Western Alliance
Western Alliance Bancorporation is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services for businesses. It operates through the following business segments: Homeowners Association (HOA) Services; Hotel Franchise Finance (HFF); Public & Nonprofit Finance; Technology and Innovation; Other NBL (National Business Lines); and Corporate and Other. The company was founded in 1995 and is headquartered in Phoenix, AZ.
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WAL Company Deck
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WAL Earnings Call
Q1 2024
0:00 / 0:00
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WAL Stock 12 Month Forecast
Average Price Target
$76.10
▲(8.96% Upside)
Technical Analysis
Banc of California
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Cathay General Bancorp
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First Interstate Bancsystem
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Hancock Whitney
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Best Analysts Covering WAL
1 Year
1 Year Success Rate
11/16 ratings generated profit
1 Year Average Return
+37.74%
assigned a buy rating 2 months ago
Copying David Chiaverini's trades and holding each position for 1 Year would result in 68.75% of your transactions generating a profit, with an average return of +37.74% per trade.
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