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After finishing at $62.96 in the prior trading day, Western Alliance Bancorp (NYSE: WAL) closed at $61.15, down -2.87%. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 1.03 million shares were traded. WAL stock price reached its highest trading level at $63.99 during the session, while it also had its lowest trading level at $61.13.
Ratios:
Our goal is to gain a better understanding of WAL by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 ’24 when Ardrey J. Kelly Jr. sold 1,000 shares for $64.20 per share. The transaction valued at 64,200 led to the insider holds 5,636 shares of the business.
Ardrey J. Kelly Jr. sold 2,000 shares of WAL for $128,200 on May 22 ’24. The Chief Accounting Officer now owns 6,636 shares after completing the transaction at $64.10 per share. On Dec 11 ’23, another insider, LATTA ROBERT P, who serves as the Director of the company, sold 5,370 shares for $56.07 each. As a result, the insider received 301,096 and left with 2,996 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 6733287936 and an Enterprise Value of 10817301504. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.92, and their Forward P/E ratio for the next fiscal year is 6.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 3.951.
Stock Price History:
The Beta on a monthly basis for WAL is 1.45, which has changed by 0.6012045 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, WAL has reached a high of $70.23, while it has fallen to a 52-week low of $35.67. The 50-Day Moving Average of the stock is -0.32%, while the 200-Day Moving Average is calculated to be 7.32%.
Shares Statistics:
The stock has traded on average 891.44K shares per day over the past 3-months and 865600 shares per day over the last 10 days, according to various share statistics. A total of 109.47M shares are outstanding, with a floating share count of 108.33M. Insiders hold about 1.62% of the company’s shares, while institutions hold 81.93% stake in the company. Shares short for WAL as of 1718323200 were 5821314 with a Short Ratio of 6.53, compared to 1715731200 on 5686779. Therefore, it implies a Short% of Shares Outstanding of 5821314 and a Short% of Float of 5.4399999999999995.
Dividends & Splits
In the trailing 12 months, WAL’s forward annual dividend rate was 1.46, compared to 1.47 this year. Against a Trailing Annual Dividend Yield of 0.023189327
