DA Davidson Has Pessimistic Outlook of WAL Q1 Earnings

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Research analysts at DA Davidson dropped their Q1 2025 earnings estimates for Western Alliance Bancorporation in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $1.72 for the quarter, down from their previous estimate of $1.74. DA Davidson currently has a "Buy" rating and a $106.00 target price on the stock. The consensus estimate for Western Alliance Bancorporation's current full-year earnings is $9.05 per share. DA Davidson also issued estimates for Western Alliance Bancorporation's FY2025 earnings at $8.65 EPS and FY2026 earnings at $10.57 EPS.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%.

Several other brokerages have also weighed in on WAL. Piper Sandler lifted their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Stephens reiterated an "overweight" rating and set a $103.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, UBS Group started coverage on shares of Western Alliance Bancorporation in a research report on Tuesday, December 17th. They issued a "buy" rating and a $115.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $98.07.

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Western Alliance Bancorporation Stock Performance

WAL traded down $3.32 on Thursday, hitting $61.95. 3,244,034 shares of the stock traded hands, compared to its average volume of 1,192,121. The business has a fifty day moving average price of $82.44 and a two-hundred day moving average price of $85.63. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $6.84 billion, a PE ratio of 8.73, a P/E/G ratio of 0.63 and a beta of 1.43. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 2.45%. Western Alliance Bancorporation's payout ratio is 21.41%.

Hedge Funds Weigh In On Western Alliance Bancorporation

A number of institutional investors and hedge funds have recently bought and sold shares of WAL. State Street Corp raised its holdings in shares of Western Alliance Bancorporation by 46.2% in the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider's stock valued at $388,197,000 after buying an additional 1,418,472 shares during the last quarter. Norges Bank bought a new position in shares of Western Alliance Bancorporation in the fourth quarter worth about $109,298,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Western Alliance Bancorporation by 55.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,814,745 shares of the financial services provider's stock worth $151,604,000 after purchasing an additional 648,983 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Western Alliance Bancorporation by 6,342.7% during the third quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider's stock valued at $44,522,000 after purchasing an additional 506,778 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Western Alliance Bancorporation in the 3rd quarter worth approximately $39,230,000. Institutional investors and hedge funds own 79.15% of the company's stock.

About Western Alliance Bancorporation

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 through Commercial and Consumer Related 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; demand deposits; and treasury management and residential mortgage products and services.