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As of close of business last night, Western Alliance Bancorp’s stock clocked out at $68.54, up 12.36% from its previous closing price of $61.00. In other words, the price has increased by $12.36 from its previous closing price. On the day, 3.44 million shares were traded. WAL stock price reached its highest trading level at $69.45 during the session, while it also had its lowest trading level at $57.155.
Ratios:
To gain a deeper understanding of WAL’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 7570517504 and an Enterprise Value of 9376271360. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.67, and their Forward P/E ratio for the next fiscal year is 6.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 3.109.
Stock Price History:
The Beta on a monthly basis for WAL is 1.34, which has changed by 0.19303739 over the last 52 weeks, in comparison to a change of 0.049593568 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 -15.19%, while the 200-Day Moving Average is calculated to be -16.28%.
Shares Statistics:
It appears that WAL traded 1.28M shares on average per day over the past three months and 1875280 shares per day 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 90.01% stake in the company. Shares short for WAL as of 1741910400 were 5235745 with a Short Ratio of 4.08, 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
With its trailing 12-month dividend rate of 1.49, WAL has a forward annual dividend rate of 1.50. Against a Trailing Annual Dividend Yield of 0.02442623The stock’s 5-year Average Dividend Yield is 2.08.
