In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Western Alliance Bancorp (NYSE: WAL) closed at $59.37 in the last session, down -0.75% from day before closing price of $59.82. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 0.62 million shares were traded. WAL stock price reached its highest trading level at $60.43 during the session, while it also had its lowest trading level at $58.6093.
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 1.18.
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 6590960640 and an Enterprise Value of 10511266816. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.65, and their Forward P/E ratio for the next fiscal year is 6.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 3.839.
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 $11.35. The 50-Day Moving Average of the stock is 0.02%, while the 200-Day Moving Average is calculated to be 10.51%.
Shares Statistics:
According to the various share statistics, WAL traded on average about 1.54M shares per day over the past 3-months and 1247380 shares per day over the past 10 days. A total of 109.47M shares are outstanding, with a floating share count of 108.39M. Insiders hold about 1.64% of the company’s shares, while institutions hold 82.34% stake in the company. Shares short for WAL as of 1711584000 were 5023133 with a Short Ratio of 3.26, compared to 1709164800 on 5142241. Therefore, it implies a Short% of Shares Outstanding of 5023133 and a Short% of Float of 4.63.
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 0.024406554
