Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
After finishing at $77.31 in the prior trading day, Western Alliance Bancorp (NYSE: WAL) closed at $72.65, down -6.03%. In other words, the price has decreased by -$6.03 from its previous closing price. On the day, 1.79 million shares were traded.
Ratios:
Our goal is to gain a better understanding of WAL by taking a closer 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 0.51.
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:
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 10.25, and their Forward P/E ratio for the next fiscal year is 6.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.25.
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 -15.60%, while the 200-Day Moving Average is calculated to be -9.64%.
Shares Statistics:
A total of 110.05M shares are outstanding, with a floating share count of 108.74M. Insiders hold about 1.55% of the company’s shares, while institutions hold 90.02% stake in the company.
