Western Alliance Bancorporation (NYSE:WAL) Given New $94.00 Price Target at Keefe, Bruyette & Woods

Western Alliance Bancorporation (NYSE:WAL) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $93.00 to $94.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 18.48% from the stock’s previous close.

WAL has been the subject of several other reports. DA Davidson restated a “buy” rating and set a $93.00 price target on shares of Western Alliance Bancorporation in a report on Wednesday. Wells Fargo & Company upgraded shares of Western Alliance Bancorporation from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $83.00 to $79.00 in a research report on Monday, March 9th. Piper Sandler lowered their price target on shares of Western Alliance Bancorporation from $108.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Truist Financial set a $98.00 price target on shares of Western Alliance Bancorporation in a research note on Friday, January 9th. Finally, TD Cowen cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating and set a $83.00 price objective for the company. in a research report on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.43.

Western Alliance Bancorporation Stock Up 1.2%

Shares of WAL stock traded up $0.97 on Thursday, reaching $79.34. 244,870 shares of the company’s stock traded hands, compared to its average volume of 1,315,775. The company has a market capitalization of $8.72 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. Western Alliance Bancorporation has a 12-month low of $65.82 and a 12-month high of $97.23. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 0.85. The business’s 50 day moving average price is $77.53 and its two-hundred day moving average price is $81.60.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. Western Alliance Bancorporation had a return on equity of 13.69% and a net margin of 17.03%.The firm had revenue of $968.40 million during the quarter, compared to the consensus estimate of $944.18 million. During the same period in the prior year, the business earned $1.79 EPS. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities analysts forecast that Western Alliance Bancorporation will post 9.74 earnings per share for the current year.

Institutional Investors Weigh In On Western Alliance Bancorporation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in Western Alliance Bancorporation by 71.2% during the first quarter. NewEdge Advisors LLC now owns 7,815 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 3,249 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Western Alliance Bancorporation by 513.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,730 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,448 shares during the period. Goldman Sachs Group Inc. grew its stake in Western Alliance Bancorporation by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 111,883 shares of the financial services provider’s stock valued at $8,596,000 after buying an additional 21,642 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Western Alliance Bancorporation by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 347,529 shares of the financial services provider’s stock valued at $26,701,000 after buying an additional 35,276 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Western Alliance Bancorporation by 11.3% in the 2nd quarter. Cetera Investment Advisers now owns 7,017 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 713 shares during the period. 79.15% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Western Alliance Bancorporation

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Q1 beat on EPS and revenue; management flagged deposit and loan growth and continued momentum — this underpins the upside reaction. Read More.
• Positive Sentiment: DA Davidson reaffirmed its “buy” rating and set a $93 price target, implying material upside from current levels and supporting bullish analyst sentiment. Read More.
• Neutral Sentiment: Street consensus stays constructive — the stock carries an average analyst recommendation of “Moderate Buy,” reflecting cautious optimism vs. outright upgrades. Read More.
• Neutral Sentiment: Full earnings call and transcript available for deeper read on guidance, loan mix and margin drivers for investors who want the granular detail. Read More.
• Negative Sentiment: Management disclosed elevated fraud charge-offs that trimmed results and create near-term asset‑quality noise; analysts/ investors will watch whether these are one-time or persistent. Read More.
• Negative Sentiment: Riverwater Sustainable Value Strategy exited its WAL position in Q1, signaling some investor rotation or risk-off positioning among certain funds. Read More.

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.