Western Alliance Bancorporation (WAL) to Release Quarterly Earnings on Monday

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $804,880.16 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). The firm had revenue of $833.10 million for the quarter, compared to analyst estimates of $811.40 million. Western Alliance Bancorporation had a net margin of 14.66% and a return on equity of 13.16%. On average, analysts expect Western Alliance Bancorporation to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Western Alliance Bancorporation Price Performance

Shares of Western Alliance Bancorporation stock traded up $2.56 during trading hours on Monday, reaching $89.61. The stock had a trading volume of 1,147,798 shares, compared to its average volume of 979,410. The stock's 50 day moving average is $88.11 and its 200 day moving average is $82.90. The company has a current ratio of 0.85, a quick ratio of 0.82 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. The firm has a market capitalization of $9.86 billion, a PE ratio of 13.83, a PEG ratio of 0.75 and a beta of 1.46.

Western Alliance Bancorporation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.70%. Western Alliance Bancorporation's dividend payout ratio is presently 23.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stephens reiterated an "overweight" rating and set a $102.00 target price on shares of Western Alliance Bancorporation in a research report on Friday, October 18th. Truist Financial decreased their price objective on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a "hold" rating to a "buy" rating and boosted their target price for the stock from $83.00 to $101.00 in a research note on Monday, October 7th. Wells Fargo & Company decreased their price target on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Finally, Wedbush boosted their price objective on Western Alliance Bancorporation from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.31.

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.