In the latest session, Western Alliance Bancorp (NYSE: WAL) closed at $58.77 up 1.68% from its previous closing price of $57.80. In other words, the price has increased by $+0.97 from its previous closing price. On the day, 941669 shares were traded.
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 1.37 whereas as Long-Term Debt/Eq ratio is at 1.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on January 30, 2024, Downgraded its rating to Equal Weight and sets its target price to $72 from $62 previously.
On December 01, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $61.
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 Dec 11 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.
JOHNSON MARIANNE BOYD bought 2,475 shares of WAL for $63,830 on Mar 13. The Director now owns 2,475 shares after completing the transaction at $25.79 per share.
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 6.43B. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.98, and their Forward P/E ratio for the next fiscal year is 6.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 1.11.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $76.90, while it has fallen to a 52-week low of $7.46. The 50-Day Moving Average of the stock is 63.05, while the 200-Day Moving Average is calculated to be 49.08.
Shares Statistics:
For the past three months, WAL has traded an average of 1.58M shares per day and 1.36M over the past ten days. A total of 109.50M shares are outstanding, with a floating share count of 107.69M. Insiders hold about 1.65% of the company’s shares, while institutions hold 82.86% stake in the company. Shares short for WAL as of Jan 31, 2024 were 5.51M with a Short Ratio of 3.50, compared to 6.15M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.03% and a Short% of Float of 5.11%.
Dividends & Splits
According to the company, the forward annual dividend rate for WAL is 1.46, from 1.45 in the trailing year. Against a Trailing Annual Dividend Yield of 2.51%, it implies a Forward Annual Dividend Yield of 2.52%.
Earnings Estimates
There are 14 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.69 for the current quarter, with a high estimate of $1.9 and a low estimate of $1.6, while EPS last year was $2.3. The consensus estimate for the next quarter is $1.89, with high estimates of $2.09 and low estimates of $1.7.
Analysts are recommending an EPS of between $8.56 and $7.3 for the fiscal current year, implying an average EPS of $7.89. EPS for the following year is $9.35, with 14 analysts recommending between $10 and $8.68.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $699.7M this quarter.It ranges from a high estimate of $731.78M to a low estimate of $601M. As of the current estimate, Western Alliance Bancorp’s year-ago sales were $721M, an estimated decrease of -3.00% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $730.51M, an increase of 9.10% over than the figure of -$3.00% in the same quarter last year. There is a high estimate of $763M for the next quarter, whereas the lowest estimate is $624M.
A total of 12 analysts have provided revenue estimates for WAL’s current fiscal year. The highest revenue estimate was $3.05B, while the lowest revenue estimate was $2.53B, resulting in an average revenue estimate of $2.96B. In the same quarter a year ago, actual revenue was $2.62B, up 12.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $3.22B in the next fiscal year. The high estimate is $3.45B and the low estimate is $2.77B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
