What is DA Davidson's Forecast for WAL FY2025 Earnings?

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Investment analysts at DA Davidson boosted their FY2025 earnings per share estimates for Western Alliance Bancorporation in a research report issued to clients and investors on Thursday, January 30th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $10.61 for the year, up from their prior forecast of $8.70. DA Davidson has a "Buy" rating and a $106.00 price objective on the stock. The consensus estimate for Western Alliance Bancorporation's current full-year earnings is $9.11 per share.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%.

WAL has been the subject of several other research reports. UBS Group began coverage on shares of Western Alliance Bancorporation in a research note on Tuesday, December 17th. They issued a "buy" rating and a $115.00 price objective for the company. Royal Bank of Canada set a $99.00 price target on Western Alliance Bancorporation and gave the stock an "outperform" rating in a research note on Friday, October 18th. StockNews.com upgraded Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial reduced their price target on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $98.07.

Western Alliance Bancorporation Stock Up 2.1 %

Shares of Western Alliance Bancorporation stock traded up $1.84 during trading hours on Monday, hitting $90.61. The company had a trading volume of 787,470 shares, compared to its average volume of 1,280,043. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. The company's 50-day moving average is $87.49 and its two-hundred day moving average is $84.80. The company has a market cap of $9.97 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.61 and a beta of 1.46. Western Alliance Bancorporation has a twelve month low of $53.75 and a twelve month high of $98.10.

Institutional Trading of Western Alliance Bancorporation

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Western Alliance Bancorporation during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in Western Alliance Bancorporation by 56.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Fifth Third Bancorp raised its holdings in Western Alliance Bancorporation by 70.1% during the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock worth $28,000 after purchasing an additional 136 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Western Alliance Bancorporation during the third quarter worth $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in Western Alliance Bancorporation in the third quarter valued at $33,000. 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.