Western Alliance Bancorporation (NYSE:WAL – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $92.18.
Several equities analysts have recently commented on WAL shares. Stephens set a $95.00 price target on shares of Western Alliance Bancorporation and gave the company an “overweight” rating in a report on Thursday, July 23rd. Mizuho set a $96.00 price target on Western Alliance Bancorporation in a research note on Thursday, July 23rd. Citigroup decreased their price target on Western Alliance Bancorporation from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Piper Sandler raised their price objective on Western Alliance Bancorporation from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company reduced their target price on Western Alliance Bancorporation from $90.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, September 29th.
View Our Latest Analysis on Western Alliance Bancorporation
Western Alliance Bancorporation Trading Down 1.2%
NYSE WAL opened at $73.59 on Thursday. Western Alliance Bancorporation has a twelve month low of $65.82 and a twelve month high of $97.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.86. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.76 and a beta of 1.42. The firm’s 50 day moving average price is $78.00 and its two-hundred day moving average price is $79.13.
Western Alliance Bancorporation (NYSE:WAL – Get Free Report) last released its earnings results on Monday, October 19th. The financial services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. Western Alliance Bancorporation had a return on equity of 13.40% and a net margin of 17.20%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.91 million. During the same quarter in the prior year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that Western Alliance Bancorporation will post 9.06 EPS for the current year.
Western Alliance Bancorporation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.3%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 18.92%.
Western Alliance Bancorporation News Roundup
Here are the key news stories impacting Western Alliance Bancorporation this week:
- Positive Sentiment: Q3 earnings exceeded expectations. Western Alliance reported diluted EPS of $2.45, up from $2.28 a year earlier and above the $2.43 consensus estimate. Net income rose 6.4% year over year to $277.2 million, while revenue increased 8.1% to approximately $1.0 billion. Western Alliance Bancorporation Reports Third Quarter 2026 Financial Results
- Positive Sentiment: Core banking metrics improved. Net interest income reached $807.6 million, and net interest margin expanded to 3.57% from 3.53% in both the prior quarter and the year-ago period. Loans held for investment increased to $61.5 billion, up $4.9 billion year over year, while nonaccrual loans declined by $77 million to $485 million. Western Alliance Q3 Net Income Rises
- Positive Sentiment: Share repurchases provided support. The bank repurchased $92.1 million of stock, or 1.15 million shares, during the quarter, signaling management’s confidence and potentially supporting per-share results.
- Neutral Sentiment: The earnings beat included favorable factors that may not fully recur. Reports attributed the result partly to an investment-securities gain and lower deposit costs. Investors may therefore want further evidence that margin expansion and earnings growth can continue.
- Neutral Sentiment: Institutional ownership information was also reported. Assenagon disclosed a 594,572-share position in Western Alliance, but the filing does not by itself indicate a change in the bank’s fundamentals. Assenagon stake disclosure
Institutional Trading of Western Alliance Bancorporation
A number of institutional investors and hedge funds have recently modified their holdings of WAL. Assenagon Asset Management S.A. acquired a new position in Western Alliance Bancorporation during the 3rd quarter valued at $44,652,000. Curated Wealth Partners LLC bought a new stake in Western Alliance Bancorporation in the 3rd quarter valued at $287,000. Fortitude Family Office LLC grew its position in Western Alliance Bancorporation by 173.5% in the 3rd quarter. Fortitude Family Office LLC now owns 361 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 229 shares during the last quarter. Lodestone Wealth Management LLC grew its position in Western Alliance Bancorporation by 9.6% in the 3rd quarter. Lodestone Wealth Management LLC now owns 14,652 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of Western Alliance Bancorporation by 2.9% during the 3rd quarter. Wedmont Private Capital now owns 6,510 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 184 shares during the period. 79.15% of the stock is currently owned by institutional investors and hedge funds.
Western Alliance Bancorporation Company Profile
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides banking and financial services to businesses, professionals, entrepreneurs, and individual customers.
Western Alliance Bank offers commercial and industrial lending, commercial real estate financing, construction loans, residential mortgage warehouse lending, and consumer banking services. Its deposit products include checking, savings, money market, and time deposit accounts, while its other services include treasury management, online banking, payments, and wealth management solutions.
The bank serves customers through a combination of regional banking divisions and specialized businesses, with operations focused on markets including Arizona, California, and Nevada as well as nationwide industry-based lending and financial services.
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