Western Alliance Bancorporation (NYSE:WAL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Western Alliance Bancorporation (NYSE:WAL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $93.40.

Several equities research analysts have weighed in on WAL shares. Wedbush increased their target price on shares of Western Alliance Bancorporation from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, September 24th. Stephens reiterated an "overweight" rating and set a $102.00 target price on shares of Western Alliance Bancorporation in a report on Friday, October 18th. Barclays increased their price target on Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Royal Bank of Canada set a $99.00 price objective on Western Alliance Bancorporation and gave the company an "outperform" rating in a report on Friday, October 18th. Finally, StockNews.com cut Western Alliance Bancorporation from a "hold" rating to a "sell" rating in a research note on Tuesday, August 13th.

Western Alliance Bancorporation Trading Down 2.2 %

Shares of Western Alliance Bancorporation stock traded down $2.08 during trading on Monday, reaching $91.66. 596,783 shares of the company were exchanged, compared to its average volume of 1,271,230. The business has a 50-day moving average price of $88.44 and a 200-day moving average price of $77.76. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.47 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a twelve month low of $53.75 and a twelve month high of $98.10.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). The company had revenue of $833.10 million for the quarter, compared to analyst estimates of $811.40 million. Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%. Sell-side analysts anticipate that Western Alliance Bancorporation will post 7.14 EPS for the current fiscal year.

Western Alliance Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.38 dividend. This is a boost from Western Alliance Bancorporation's previous quarterly dividend of $0.37. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 23.46%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Western Alliance Bancorporation during the 3rd quarter worth approximately $31,000. ORG Wealth Partners LLC acquired a new position in Western Alliance Bancorporation during the third quarter worth $33,000. UMB Bank n.a. raised its position in Western Alliance Bancorporation by 136.8% during the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider's stock worth $37,000 after acquiring an additional 249 shares in the last quarter. Blue Trust Inc. lifted its stake in Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 187 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Western Alliance Bancorporation during the 2nd quarter worth about $36,000. 79.15% of the stock is owned by institutional investors and hedge funds.

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.