For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Western Alliance Bancorp (NYSE: WAL) was $86.21 for the day, up 0.97% from the previous closing price of $85.38. In other words, the price has increased by $0.97 from its previous closing price. On the day, 1.12 million shares were traded.
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 0.99 whereas as Long-Term Debt/Eq ratio is at 0.51.
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:
As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.16, and their Forward P/E ratio for the next fiscal year is 8.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.48.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $98.10, while it has fallen to a 52-week low of $53.75. The 50-Day Moving Average of the stock is -0.94%, while the 200-Day Moving Average is calculated to be 8.13%.
Shares Statistics:
A total of 110.05M shares are outstanding, with a floating share count of 108.36M. Insiders hold about 1.55% of the company’s shares, while institutions hold 90.30% stake in the company.
