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

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Western Alliance Bancorporation to post earnings of $1.80 per share and revenue of $792.25 million for the quarter.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. On average, analysts expect Western Alliance Bancorporation to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Western Alliance Bancorporation Trading Up 12.3 %

WAL stock opened at $68.48 on Thursday. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.63 and a beta of 1.29. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $79.87 and a 200-day simple moving average of $84.85.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation's payout ratio is currently 21.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WAL shares. Wells Fargo & Company dropped their target price on Western Alliance Bancorporation from $95.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price 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. Barclays dropped their price target on shares of Western Alliance Bancorporation from $107.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Stephens reissued an "overweight" rating and issued a $103.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. Two equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.40.

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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.

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