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.
Western Alliance Bancorp (NYSE: WAL) closed the day trading at $87.35 up 1.53% from the previous closing price of $86.03. In other words, the price has increased by $1.53 from its previous closing price. On the day, 0.7 million shares were traded.
Ratios:
For a better understanding of WAL, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.99.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 12.32, and their Forward P/E ratio for the next fiscal year is 8.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 1.50.
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 -0.29%, while the 200-Day Moving Average is calculated to be 11.14%.
Shares Statistics:
A total of 110.10M shares are outstanding, with a floating share count of 108.41M. Insiders hold about 1.51% of the company’s shares, while institutions hold 91.95% stake in the company.
