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 $70.98 for the day, up 1.82% from the previous closing price of $69.71. In other words, the price has increased by $1.82 from its previous closing price. On the day, 0.53 million shares were traded. WAL stock price reached its highest trading level at $71.7099 during the session, while it also had its lowest trading level at $69.33.
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 7851524096 and an Enterprise Value of 10248819712. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.75, and their Forward P/E ratio for the next fiscal year is 6.77. 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 3.361.
Stock Price History:
The Beta on a monthly basis for WAL is 1.30, which has changed by 0.15810084 over the last 52 weeks, in comparison to a change of 0.092895746 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 -4.61%, while the 200-Day Moving Average is calculated to be -13.61%.
Shares Statistics:
WAL traded an average of 1.27M shares per day over the past three months and 1118130 shares per day over the past ten days. A total of 110.40M shares are outstanding, with a floating share count of 108.91M. Insiders hold about 1.54% of the company’s shares, while institutions hold 89.32% stake in the company. Shares short for WAL as of 1744675200 were 4457039 with a Short Ratio of 3.50, compared to 1741910400 on 5235745. Therefore, it implies a Short% of Shares Outstanding of 4457039 and a Short% of Float of 4.14.
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 0.021517716The stock’s 5-year Average Dividend Yield is 2.08.
Earnings Estimates
Current recommendations for the stock of the company come from 10.0 analysts. The consensus estimate for the next quarter is $2.31, with high estimates of $2.42 and low estimates of $2.17.
Analysts are recommending an EPS of between $8.99 and $8.24 for the fiscal current year, implying an average EPS of $8.63. EPS for the following year is $10.37, with 11.0 analysts recommending between $10.72 and $9.96.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $853.3M to a low estimate of $834.7M. As of the current estimate, Western Alliance Bancorp’s year-ago sales were $771.8MFor the next quarter, 8 analysts are estimating revenue of $876.32M. There is a high estimate of $891.6M for the next quarter, whereas the lowest estimate is $859.8M.
A total of 8 analysts have provided revenue estimates for WAL’s current fiscal year. The highest revenue estimate was $3.43B, while the lowest revenue estimate was $3.35B, resulting in an average revenue estimate of $3.38B. In the same quarter a year ago, actual revenue was $3.16BBased on 8 analysts’ estimates, the company’s revenue will be $3.7B in the next fiscal year. The high estimate is $3.75B and the low estimate is $3.65B.
