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The price of Western Alliance Bancorp (NYSE: WAL) closed at $93.92 in the last session, up 2.43% from day before closing price of $91.69. In other words, the price has increased by $2.43 from its previous closing price. On the day, 2.23 million shares were traded. WAL stock price reached its highest trading level at $94.28 during the session, while it also had its lowest trading level at $90.575.
Ratios:
We take a closer look at WAL’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 0.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on October 07, 2024, Upgraded its rating to Buy and sets its target price to $101 from $83 previously.
On March 08, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $91.Barclays initiated its Overweight rating on March 08, 2024, with a $91 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 13 ’24 when LATTA ROBERT P sold 2,955 shares for $81.12 per share. The transaction valued at 239,710 led to the insider holds 38,621 shares of the business.
ROBERT P. LATTA bought 2,955 shares of WAL for $239,695 on Sep 13 ’24. On Sep 09 ’24, another insider, LATTA ROBERT P, who serves as the Director of the company, sold 2,996 shares for $82.75 each. As a result, the insider received 247,919 and left with 4,056 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WAL now has a Market Capitalization of 10339276800 and an Enterprise Value of 12896395264. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.14, and their Forward P/E ratio for the next fiscal year is 10.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.18 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 4.565.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $92.75, while it has fallen to a 52-week low of $38.81. The 50-Day Moving Average of the stock is 14.26%, while the 200-Day Moving Average is calculated to be 38.72%.
Shares Statistics:
According to the various share statistics, WAL traded on average about 1.46M shares per day over the past 3-months and 1224220 shares per day over the past 10 days. A total of 109.47M shares are outstanding, with a floating share count of 108.42M. Insiders hold about 1.51% of the company’s shares, while institutions hold 83.10% stake in the company. Shares short for WAL as of 1727654400 were 7447629 with a Short Ratio of 5.09, compared to 1724976000 on 5146797. Therefore, it implies a Short% of Shares Outstanding of 7447629 and a Short% of Float of 6.959999999999999.
Dividends & Splits
The forward annual dividend rate for WAL is 1.48, which was 1.47 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.016032282The stock’s 5-year Average Dividend Yield is 2.02.
