What is DA Davidson's Forecast for WAL Q1 Earnings?

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Western Alliance Bancorporation in a research report issued on Thursday, January 30th. DA Davidson analyst G. Tenner forecasts that the financial services provider will earn $1.74 per share for the quarter. DA Davidson currently has a "Buy" rating and a $106.00 target price 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 released its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share 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%.

A number of other analysts have also weighed in on WAL. Deutsche Bank Aktiengesellschaft upgraded shares of Western Alliance Bancorporation from a "hold" rating to a "buy" rating and raised their target price for the company from $83.00 to $101.00 in a research report on Monday, October 7th. Piper Sandler boosted their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. lowered their target price on Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Truist Financial cut their price target on Western Alliance Bancorporation from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, October 21st. Finally, Barclays upped their price objective on Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $98.07.

Western Alliance Bancorporation Price Performance

Shares of WAL traded up $2.23 during mid-day trading on Friday, reaching $86.62. The company had a trading volume of 458,179 shares, compared to its average volume of 1,294,236. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.61 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. The company's 50 day simple moving average is $87.73 and its 200 day simple moving average is $84.70. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10.

Institutional Investors Weigh In On Western Alliance Bancorporation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning lifted its stake in Western Alliance Bancorporation by 6.1% in the second quarter. Creative Planning now owns 5,756 shares of the financial services provider's stock valued at $362,000 after buying an additional 330 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Western Alliance Bancorporation during the 2nd quarter valued at $221,000. SG Americas Securities LLC bought a new position in Western Alliance Bancorporation during the third quarter worth $722,000. GAMMA Investing LLC grew its holdings in Western Alliance Bancorporation by 124.1% in the third quarter. GAMMA Investing LLC now owns 1,134 shares of the financial services provider's stock worth $98,000 after purchasing an additional 628 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in Western Alliance Bancorporation in the third quarter valued at $229,000. Institutional investors own 79.15% of the company's stock.

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.