Western Alliance Bancorporation to Post FY2025 Earnings of $8.88 Per Share, DA Davidson Forecasts (NYSE:WAL)

Western Alliance Bancorporation (NYSE:WAL) – DA Davidson lifted their FY2025 earnings estimates for Western Alliance Bancorporation in a report issued on Monday, July 22nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $8.88 per share for the year, up from their previous estimate of $8.60. DA Davidson currently has a “Buy” rating and a $78.00 target price on the stock. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $7.41 per share.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.71 by $0.04. Western Alliance Bancorporation had a net margin of 15.54% and a return on equity of 14.18%. The company had revenue of $771.80 million during the quarter, compared to analysts’ expectations of $737.97 million. During the same quarter last year, the company posted $1.96 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the company. Barclays increased their price target on Western Alliance Bancorporation from $86.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Western Alliance Bancorporation from $62.00 to $83.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America raised their price objective on shares of Western Alliance Bancorporation from $82.00 to $98.00 and gave the company a “buy” rating in a report on Monday. Truist Financial boosted their target price on shares of Western Alliance Bancorporation from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Stephens restated an “overweight” rating and issued a $82.00 price target on shares of Western Alliance Bancorporation in a research note on Friday, April 19th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Western Alliance Bancorporation presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.27.

Western Alliance Bancorporation Trading Up 4.2 %

NYSE:WAL opened at $79.79 on Wednesday. Western Alliance Bancorporation has a 12-month low of $38.81 and a 12-month high of $81.15. The firm has a market cap of $8.79 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $64.18 and a 200 day moving average price of $61.99.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Western Alliance Bancorporation by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 684,016 shares of the financial services provider’s stock valued at $42,970,000 after buying an additional 34,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Western Alliance Bancorporation by 1.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,633,261 shares of the financial services provider’s stock valued at $102,603,000 after acquiring an additional 20,254 shares in the last quarter. Raymond James & Associates increased its stake in shares of Western Alliance Bancorporation by 1.6% during the second quarter. Raymond James & Associates now owns 21,429 shares of the financial services provider’s stock worth $1,346,000 after acquiring an additional 340 shares during the period. ORG Partners LLC purchased a new position in Western Alliance Bancorporation during the second quarter worth about $36,000. Finally, M&G Plc lifted its position in Western Alliance Bancorporation by 12.4% in the second quarter. M&G Plc now owns 133,670 shares of the financial services provider’s stock valued at $8,421,000 after purchasing an additional 14,734 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

Insider Buying and Selling

In other Western Alliance Bancorporation news, CAO J. Kelly Jr. Ardrey sold 2,116 shares of Western Alliance Bancorporation stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $75.95, for a total value of $160,710.20. Following the transaction, the chief accounting officer now directly owns 3,520 shares in the company, valued at $267,344. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.75% of the stock is owned by company insiders.

Western Alliance Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were given a $0.37 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.48 annualized dividend and a yield of 1.85%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is 21.57%.

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.