DA Davidson Has Negative Outlook of WAL FY2025 Earnings

Western Alliance Bancorporation (NYSE:WAL) – Research analysts at DA Davidson cut their FY2025 EPS estimates for Western Alliance Bancorporation in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $8.70 per share for the year, down from their prior forecast of $8.85. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $7.14 per share.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.10). The firm had revenue of $833.10 million during the quarter, compared to analysts’ expectations of $811.40 million. Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%.

A number of other brokerages have also recently issued reports on WAL. JPMorgan Chase & Co. lowered their price objective on Western Alliance Bancorporation from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Royal Bank of Canada set a $99.00 price target on shares of Western Alliance Bancorporation and gave the stock an “outperform” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $101.00 in a research report on Monday, October 7th. UBS Group started coverage on shares of Western Alliance Bancorporation in a report on Tuesday. They issued a “buy” rating and a $115.00 target price for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $102.00 price target on shares of Western Alliance Bancorporation in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.75.

Western Alliance Bancorporation Trading Up 2.1 %

Shares of NYSE WAL opened at $84.62 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. The firm has a 50-day moving average of $89.14 and a 200 day moving average of $79.34. Western Alliance Bancorporation has a 1 year low of $53.75 and a 1 year high of $98.10. The stock has a market cap of $9.31 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

Western Alliance Bancorporation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This is an increase from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 1.80%. Western Alliance Bancorporation’s payout ratio is 23.46%.

Institutional Trading of Western Alliance Bancorporation

A number of hedge funds and other institutional investors have recently bought and sold shares of WAL. State Street Corp increased its holdings in Western Alliance Bancorporation by 46.2% in the 3rd quarter. State Street Corp now owns 4,488,345 shares of the financial services provider’s stock worth $388,197,000 after acquiring an additional 1,418,472 shares in the last quarter. FMR LLC boosted its position in shares of Western Alliance Bancorporation by 93.3% in the third quarter. FMR LLC now owns 2,793,014 shares of the financial services provider’s stock worth $241,568,000 after purchasing an additional 1,347,921 shares during the period. LHM Inc. increased its stake in shares of Western Alliance Bancorporation by 2,141.1% in the second quarter. LHM Inc. now owns 757,809 shares of the financial services provider’s stock worth $47,606,000 after purchasing an additional 723,995 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Western Alliance Bancorporation by 20.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,722,389 shares of the financial services provider’s stock valued at $233,832,000 after purchasing an additional 636,577 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Western Alliance Bancorporation by 6,342.7% during the 3rd quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider’s stock valued at $44,522,000 after buying an additional 506,778 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

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.