Western Alliance Bancorporation (NYSE:WAL) has garnered a “Moderate Buy” rating from fourteen research firms, according to Bloomberg Ratings. Out of the fourteen firms, twelve have given the stock a buy recommendation, while two have maintained a hold recommendation. The consensus rating indicates that there is optimism surrounding the company’s future performance in the market.
Analysts have also issued an average 12-month price target of $55.20 for Western Alliance Bancorporation. This suggests an expected increase in the stock price over the next year based on their analysis and assessments.
In terms of institutional investments, hedge funds and other institutional investors have recently made adjustments to their holdings in Western Alliance Bancorporation. Guggenheim Capital LLC saw a 3.2% increase in its stake during the first quarter, acquiring an additional 151 shares. Utah Retirement Systems also raised its stake by 1.1% in the same period, obtaining an extra 200 shares. EverSource Wealth Advisors LLC witnessed a significant increase of 30.3%, adding another 202 shares to its portfolio in the second quarter. Harbour Investments Inc. experienced a notable increase as well, with a rise of 33.8% and an acquisition of 235 shares during the second quarter. Cetera Advisor Networks LLC rounded off this list by increasing its stake by 5.2%, acquiring an additional 247 shares.
The financial services provider recently declared its quarterly dividend, which was paid out on August 25th to stockholders recorded as of August 11th. Shareholders received a $0.36 dividend per share, resulting in an annualized dividend of $1.44 and a dividend yield of approximately 3.12%. It is important to note that investors who wanted to qualify for this dividend had until August 10th to purchase shares before it went ex-dividend.
Currently, around 72% of Western Alliance Bancorporation’s stock is owned by hedge funds and other institutional investors. Although institutional investments can influence the company’s stock performance, it is essential to consider various factors such as market trends and industry developments when making investment decisions.
Overall, with a “Moderate Buy” rating from analysts and positive dividend payouts, Western Alliance Bancorporation shows promise in the financial services sector. As always, potential investors should conduct thorough research and carefully evaluate their own investment goals before making any decisions.
Western Alliance Bancorporation
Updated on: 26/02/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
Industrial Alliance Securities
Analyzing the Performance and Price Target of Western Alliance Bancorporation
In recent months, several brokerages have taken a keen interest in Western Alliance Bancorporation (NYSE:WAL), offering varying perspectives on its price target and overall performance. JPMorgan Chase & Co., for example, raised their price target from $53.00 to $60.00 on July 20th, while UBS Group lifted theirs from $61.00 to $66.00 on the same day. These reports highlight the complex nature of analyzing and predicting the trajectory of financial institutions.
Truist Financial, however, took a more conservative stance and reduced their target price on Western Alliance Bancorporation from $60.00 to $54.00 in a research report released on September 27th. Royal Bank of Canada also joined these discussions, boosting their target price from $55.00 to $56.00 and giving the stock an “outperform” rating in their report on July 20th.
A key development to note is Deutsche Bank Aktiengesellschaft’s initiation of coverage on Western Alliance Bancorporation in a research report published on June 28th. In this report, they assigned a “hold” rating and set a target price of $41.00 for the company.
Understanding the context within which these analyses were made requires delving into various factors that contribute to Western Alliance Bancorporation’s current standing in the market. On Wednesday, shares of WAL opened at $46.17 with a market cap of approximately $5.06 billion.
Examining other crucial figures further illuminates the complexity surrounding this institution’s evaluation process. The company has a price-to-earnings (PE) ratio of 5.54 and a price/earnings-to-growth (PEG) ratio of 0.53 – both important indicators for investors seeking insight into future growth potential.
Additionally, with its beta value standing at 1.42, Western Alliance Bancorporation’s volatility in relation to the market must be considered. Notably, the firm has experienced a significant range between its 1-year low of $7.46 and its 1-year high of $81.17, illustrating both the potential for remarkable growth and vulnerability to market fluctuations.
As for liquidity and financial position, Western Alliance Bancorporation boasts a debt-to-equity ratio of 1.94, indicating its reliance on borrowing to fuel growth. However, the company maintains a current ratio of 1.04 and a quick ratio of 0.97 – indicators that provide insight into its ability to meet short-term obligations.
Examining historical data sheds light on Western Alliance Bancorporation’s past performance trends. On July 19th, the company reported quarterly earnings results, with earnings per share of $1.96 for the quarter – slightly below the consensus estimate of $1.97 per share. Despite this slight miss, their revenue came in at $669.30 million against analysts’ expectations of $657.14 million.
It is worth noting that Western Alliance Bancorporation achieved impressive financial metrics during the same quarter last year when they posted earnings per share of $2.39 with a net margin of 24.19% and a return on equity of 20.09%. This suggests some potential challenges or changes in market conditions that may have impacted their recent performance.
Equities research analysts are carefully monitoring Western Alliance Bancorporation’s performance throughout this complex landscape and anticipate an average EPS forecast of 8.12 for the current fiscal year.
These assessments by various brokerages reflect not only differing analyses but also conflicting perspectives on Western Alliance Bancorporation’s potential trajectory within the financial industry market.