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In the latest session, Western Alliance Bancorp (NYSE: WAL) closed at $65.27 down -15.93% from its previous closing price of $77.64. In other words, the price has decreased by -$15.93 from its previous closing price. On the day, 4.33 million shares were traded. WAL stock price reached its highest trading level at $73.48 during the session, while it also had its lowest trading level at $65.205.
Ratios:
For a deeper understanding of Western Alliance Bancorp’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 7209332224 and an Enterprise Value of 9721973760. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.21, and their Forward P/E ratio for the next fiscal year is 6.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 3.223.
Stock Price History:
The Beta on a monthly basis for WAL is 1.28, which has changed by 0.0925678 over the last 52 weeks, in comparison to a change of 0.036926866 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 $53.75. The 50-Day Moving Average of the stock is -21.43%, while the 200-Day Moving Average is calculated to be -20.19%.
Shares Statistics:
For the past three months, WAL has traded an average of 1.17M shares per day and 1217170 over the past ten days. A total of 110.05M shares are outstanding, with a floating share count of 108.75M. Insiders hold about 1.54% of the company’s shares, while institutions hold 90.02% stake in the company. Shares short for WAL as of 1741910400 were 5235745 with a Short Ratio of 4.49, compared to 1739491200 on 5466650. Therefore, it implies a Short% of Shares Outstanding of 5235745 and a Short% of Float of 4.8699997.
Dividends & Splits
According to the company, the forward annual dividend rate for WAL is 1.50, from 1.49 in the trailing year. Against a Trailing Annual Dividend Yield of 0.019191138The stock’s 5-year Average Dividend Yield is 2.08.
