Analysts Set Expectations for WAL Q4 Earnings

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Western Alliance Bancorporation in a research report issued to clients and investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $1.97 for the quarter. The consensus estimate for Western Alliance Bancorporation's current full-year earnings is $7.39 per share.

WAL has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Western Alliance Bancorporation from $107.00 to $105.00 and set an "overweight" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft raised Western Alliance Bancorporation from a "hold" rating to a "buy" rating and lifted their target price for the stock from $83.00 to $101.00 in a report on Monday, October 7th. Royal Bank of Canada set a $99.00 price target on shares of Western Alliance Bancorporation and gave the stock an "outperform" rating in a report on Friday, October 18th. Barclays decreased 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. Finally, Jefferies Financial Group increased their price objective on shares of Western Alliance Bancorporation from $70.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Western Alliance Bancorporation has a consensus rating of "Moderate Buy" and a consensus price target of $92.60.

Western Alliance Bancorporation Stock Performance

Shares of NYSE:WAL remained flat at $82.34 on Wednesday. 1,432,922 shares of the stock traded hands, compared to its average volume of 1,325,361. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.30 and a beta of 1.44. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.88 and a quick ratio of 0.85. Western Alliance Bancorporation has a 1-year low of $38.81 and a 1-year high of $94.28. The stock has a fifty day moving average price of $83.04 and a 200 day moving average price of $71.03.

Institutional Trading of Western Alliance Bancorporation

A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Western Alliance Bancorporation in the 1st quarter valued at $27,000. V Square Quantitative Management LLC purchased a new position in shares of Western Alliance Bancorporation in the third quarter worth about $31,000. GAMMA Investing LLC boosted its position in Western Alliance Bancorporation by 57.4% during the first quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider's stock worth $32,000 after acquiring an additional 183 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Western Alliance Bancorporation during the 3rd quarter valued at about $33,000. Finally, ORG Partners LLC acquired a new stake in Western Alliance Bancorporation in the 2nd quarter valued at about $36,000. 79.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Western Alliance Bancorporation

In other news, Director Robert P. Latta sold 2,996 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $82.75, for a total transaction of $247,919.00. Following the completion of the transaction, the director now directly owns 4,056 shares of the company's stock, valued at $335,634. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert P. Latta sold 2,996 shares of Western Alliance Bancorporation stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $82.75, for a total value of $247,919.00. Following the sale, the director now owns 4,056 shares in the company, valued at $335,634. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Russell Curley sold 5,070 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.43, for a total transaction of $387,500.10. Following the transaction, the insider now owns 36,718 shares of the company's stock, valued at approximately $2,806,356.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,149 shares of company stock valued at $1,539,681. Company insiders own 2.75% of the company's stock.

Western Alliance Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. Western Alliance Bancorporation's dividend payout ratio is currently 21.57%.

Western Alliance Bancorporation Company Profile

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.