Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Western Alliance Bancorp (NYSE: WAL) was $70.80 for the day, up 3.06% from the previous closing price of $68.70. In other words, the price has increased by $3.06 from its previous closing price. On the day, 1.15 million shares were traded. WAL stock price reached its highest trading level at $70.9206 during the session, while it also had its lowest trading level at $68.01.
Ratios:
Our analysis of WAL’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.75.
On October 07, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $83 to $101.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 13 ’24 when Segedi Bryan K sold 1,000 shares for $94.36 per share. The transaction valued at 94,360 led to the insider holds 16,675 shares of the business.
Segedi Bryan K bought 1,000 shares of WAL for $94,583 on Nov 13 ’24. On Sep 13 ’24, another insider, LATTA ROBERT P, who serves as the Director of the company, sold 2,955 shares for $81.12 each. As a result, the insider received 239,710 and left with 38,621 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 7831612928 and an Enterprise Value of 10229199872. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.72, and their Forward P/E ratio for the next fiscal year is 6.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 3.354.
Stock Price History:
The Beta on a monthly basis for WAL is 1.31, which has changed by 0.20654392 over the last 52 weeks, in comparison to a change of 0.07545352 over the same period for the S&P500. Over the past 52 weeks, WAL has reached a high of $98.10, while it has fallen to a 52-week low of $56.70. The 50-Day Moving Average of the stock is -7.23%, while the 200-Day Moving Average is calculated to be -13.71%.
Shares Statistics:
WAL traded an average of 1.34M shares per day over the past three months and 1443550 shares per day over the past ten days. A total of 110.40M shares are outstanding, with a floating share count of 108.75M. Insiders hold about 1.54% of the company’s shares, while institutions hold 89.83% stake in the company. Shares short for WAL as of 1743379200 were 4246266 with a Short Ratio of 3.17, compared to 1740700800 on 5841991. Therefore, it implies a Short% of Shares Outstanding of 4246266 and a Short% of Float of 3.95.
Dividends & Splits
With its trailing 12-month dividend rate of 1.5, WAL has a forward annual dividend rate of 1.50. Against a Trailing Annual Dividend Yield of 0.021834062The stock’s 5-year Average Dividend Yield is 2.08.
