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The price of Western Alliance Bancorp (NYSE: WAL) closed at $74.62 in the last session, up 0.17% from day before closing price of $74.49. In other words, the price has increased by $0.17 from its previous closing price. On the day, 0.74 million shares were traded. WAL stock price reached its highest trading level at $74.849 during the session, while it also had its lowest trading level at $73.625.
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 1.05 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:
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 Aug 01 ’24 when Curley Stephen Russell sold 5,070 shares for $76.43 per share. The transaction valued at 387,500 led to the insider holds 36,718 shares of the business.
Curley Stephen Russell bought 5,070 shares of WAL for $387,515 on Aug 01 ’24. On Jul 22 ’24, another insider, Ardrey J. Kelly Jr., who serves as the Chief Accounting Officer of the company, sold 2,116 shares for $75.95 each. As a result, the insider received 160,710 and left with 3,520 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 8214617600 and an Enterprise Value of 10791027712. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.24, and their Forward P/E ratio for the next fiscal year is 7.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 3.819.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $82.48, while it has fallen to a 52-week low of $38.81. The 50-Day Moving Average of the stock is 10.52%, while the 200-Day Moving Average is calculated to be 22.57%.
Shares Statistics:
According to the various share statistics, WAL traded on average about 1.04M shares per day over the past 3-months and 1101680 shares per day over the past 10 days. A total of 109.47M shares are outstanding, with a floating share count of 108.32M. Insiders hold about 1.60% of the company’s shares, while institutions hold 86.05% stake in the company. Shares short for WAL as of 1722384000 were 5224526 with a Short Ratio of 5.03, compared to 1719532800 on 5276342. Therefore, it implies a Short% of Shares Outstanding of 5224526 and a Short% of Float of 4.8800003.
Dividends & Splits
The forward annual dividend rate for WAL is 1.11, which was 1.47 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.019734193The stock’s 5-year Average Dividend Yield is 1.98.
