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As of close of business last night, Western Alliance Bancorp’s stock clocked out at $82.74, down -0.34% from its previous closing price of $83.02. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 0.71 million shares were traded. WAL stock price reached its highest trading level at $83.15 during the session, while it also had its lowest trading level at $81.9.
Ratios:
To gain a deeper understanding of WAL’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 0.24.
On March 08, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $91.
Wells Fargo Downgraded its Overweight to Equal Weight on January 30, 2024, whereas the target price for the stock was revised from $62 to $72.
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 Sep 13 ’24 when LATTA ROBERT P sold 2,955 shares for $81.12 per share. The transaction valued at 239,710 led to the insider holds 38,621 shares of the business.
ROBERT P. LATTA bought 2,955 shares of WAL for $239,695 on Sep 13 ’24. On Sep 09 ’24, another insider, LATTA ROBERT P, who serves as the Director of the company, sold 2,996 shares for $82.75 each. As a result, the insider received 247,919 and left with 4,056 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 9139377152 and an Enterprise Value of 11676809216. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.46, and their Forward P/E ratio for the next fiscal year is 8.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 4.133.
Stock Price History:
Over the past 52 weeks, WAL has reached a high of $88.92, while it has fallen to a 52-week low of $38.81. The 50-Day Moving Average of the stock is 3.51%, while the 200-Day Moving Average is calculated to be 24.43%.
Shares Statistics:
It appears that WAL traded 1.48M shares on average per day over the past three months and 2620080 shares per day over the past ten days. A total of 109.47M shares are outstanding, with a floating share count of 108.42M. Insiders hold about 1.52% of the company’s shares, while institutions hold 83.10% stake in the company. Shares short for WAL as of 1726185600 were 5133719 with a Short Ratio of 3.48, compared to 1723680000 on 5177598. Therefore, it implies a Short% of Shares Outstanding of 5133719 and a Short% of Float of 4.8.
Dividends & Splits
With its trailing 12-month dividend rate of 1.47, WAL has a forward annual dividend rate of 1.48. Against a Trailing Annual Dividend Yield of 0.017706579The stock’s 5-year Average Dividend Yield is 2.02.
