For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Western Alliance Bancorp (NYSE: WAL) closed at $63.70 in the last session, up 1.14% from day before closing price of $62.98. In other words, the price has increased by $1.14 from its previous closing price. On the day, 0.72 million shares were traded. WAL stock price reached its highest trading level at $63.83 during the session, while it also had its lowest trading level at $62.3.
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 1.18 whereas as Long-Term Debt/Eq ratio is at 0.24.
On March 08, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $91.
Wells Fargo Downgraded its Overweight to Equal Weight on January 30, 2024, whereas the target price for the stock was revised from $62 to $72.
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 Dec 11 ’23 when LATTA ROBERT P sold 5,370 shares for $56.07 per share. The transaction valued at 301,096 led to the insider holds 2,996 shares of the business.
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 7014070784 and an Enterprise Value of 10819481600. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.29, and their Forward P/E ratio for the next fiscal year is 6.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 3.951.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $70.23, while it has fallen to a 52-week low of $25.21. The 50-Day Moving Average of the stock is 7.28%, while the 200-Day Moving Average is calculated to be 16.53%.
Shares Statistics:
According to the various share statistics, WAL traded on average about 1.23M shares per day over the past 3-months and 819330 shares per day over the past 10 days. A total of 109.47M shares are outstanding, with a floating share count of 108.30M. Insiders hold about 1.64% of the company’s shares, while institutions hold 82.15% stake in the company. Shares short for WAL as of 1713139200 were 5086259 with a Short Ratio of 4.12, compared to 1710460800 on 5554764. Therefore, it implies a Short% of Shares Outstanding of 5086259 and a Short% of Float of 4.75.
Dividends & Splits
The forward annual dividend rate for WAL is 1.46, which was 1.46 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.023181964
