After finishing at $58.68 in the prior trading day, Western Alliance Bancorp (NYSE: WAL) closed at $58.89, up 0.36%. In other words, the price has increased by $+0.21 from its previous closing price. On the day, 726948 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 1.30 whereas as Long-Term Debt/Eq ratio is at 0.24.
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 this company, Barclays on March 08, 2024, initiated with a Overweight rating and assigned the stock a target price of $91.
On January 30, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $62 to $72.
On December 01, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $61.Citigroup initiated its Buy rating on December 01, 2023, with a $61 target price.
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 Dec 11 ’23 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.
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 6.49B. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.00, and their Forward P/E ratio for the next fiscal year is 6.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 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 $70.23, while it has fallen to a 52-week low of $7.46. The 50-Day Moving Average of the stock is 61.46, while the 200-Day Moving Average is calculated to be 50.61.
Shares Statistics:
The stock has traded on average 1.63M shares per day over the past 3-months and 1.7M shares per day over the last 10 days, according to various share statistics. A total of 109.47M shares are outstanding, with a floating share count of 108.36M. Insiders hold about 1.65% of the company’s shares, while institutions hold 82.34% stake in the company. Shares short for WAL as of Feb 29, 2024 were 5.14M with a Short Ratio of 3.15, compared to 5.51M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.67% and a Short% of Float of 4.74%.
Dividends & Splits
In the trailing 12 months, WAL’s forward annual dividend rate was 1.45, compared to 1.46 this year. Against a Trailing Annual Dividend Yield of 2.47%, it implies a Forward Annual Dividend Yield of 2.51%.
Earnings Estimates
Its stock is currently analyzed by 15 different market analysts. On average, analysts expect EPS of $1.68 for the current quarter, with a high estimate of $1.87 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 $8.87 and $7.3 for the fiscal current year, implying an average EPS of $7.92. EPS for the following year is $9.46, with 15 analysts recommending between $10.32 and $8.68.
Revenue Estimates
12 analysts predict $699.62M in revenue for the current quarter. It ranges from a high estimate of $731.78M to a low estimate of $600M. 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 $730.84M, an increase of 9.20% 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 $628M.
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 $2.59B, resulting in an average revenue estimate of $2.96B. In the same quarter a year ago, actual revenue was $2.62B, up 13.00% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.45B and the low estimate is $2.94B. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.
