DA Davidson Has Pessimistic Outlook of WAL FY2025 Earnings

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Stock analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Western Alliance Bancorporation in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $8.70 for the year, down from their prior estimate of $8.85. The consensus estimate for Western Alliance Bancorporation's current full-year earnings is $7.14 per share.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last issued its quarterly 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 business had revenue of $833.10 million during 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%.

A number of other equities analysts have also recently issued reports on WAL. Royal Bank of Canada set a $99.00 price objective on shares of Western Alliance Bancorporation and gave the stock an "outperform" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upgraded Western Alliance Bancorporation from a "hold" rating to a "buy" rating and increased their price target for the stock from $83.00 to $101.00 in a report on Monday, October 7th. Wells Fargo & Company boosted their price objective on Western Alliance Bancorporation from $92.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. Wedbush increased their target price on Western Alliance Bancorporation from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, September 24th. Finally, Barclays lifted their price target on shares of Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.75.

Western Alliance Bancorporation Stock Up 2.1 %

NYSE WAL traded up $1.76 on Friday, hitting $84.62. 3,543,026 shares of the company were exchanged, compared to its average volume of 1,278,279. 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 company has a market cap of $9.31 billion, a PE ratio of 13.06, a PEG ratio of 1.41 and a beta of 1.45. The stock has a fifty day moving average of $89.14 and a 200-day moving average of $79.34. Western Alliance Bancorporation has a 12 month low of $53.75 and a 12 month high of $98.10.

Institutional Trading of Western Alliance Bancorporation

A number of large investors have recently added to or reduced their stakes in WAL. V Square Quantitative Management LLC bought a new position in shares of Western Alliance Bancorporation during the 3rd quarter valued at approximately $31,000. ORG Wealth Partners LLC purchased a new stake in Western Alliance Bancorporation in the 3rd quarter worth about $33,000. UMB Bank n.a. raised its stake in Western Alliance Bancorporation by 136.8% in the 3rd quarter. UMB Bank n.a. now owns 431 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 249 shares during the period. Blue Trust Inc. lifted its holdings in Western Alliance Bancorporation by 58.4% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 187 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new position in shares of Western Alliance Bancorporation in the second quarter worth about $54,000. Hedge funds and other institutional investors own 79.15% of the company's stock.

Western Alliance Bancorporation Increases Dividend

The business 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 an increase from Western Alliance Bancorporation's previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, November 15th. Western Alliance Bancorporation's payout ratio is 23.46%.

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.