Citigroup Forecasts Strong Price Appreciation for Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation (NYSE:WAL) had its target price upped by Citigroup from $104.00 to $107.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 20.16% from the stock’s current price.

WAL has been the topic of several other reports. DA Davidson raised their target price on Western Alliance Bancorporation from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their price objective on shares of Western Alliance Bancorporation from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial set a $98.00 target price on shares of Western Alliance Bancorporation in a research report on Friday, January 9th. Royal Bank Of Canada increased their price target on shares of Western Alliance Bancorporation from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Wells Fargo & Company cut their price objective on shares of Western Alliance Bancorporation from $90.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, October 23rd. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.80.

Western Alliance Bancorporation Stock Down 1.3%

WAL opened at $89.05 on Friday. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.76 and a beta of 1.34. The firm has a 50 day moving average price of $86.31 and a 200-day moving average price of $83.80. Western Alliance Bancorporation has a twelve month low of $57.05 and a twelve month high of $93.81. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Monday, January 26th. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.19. The business had revenue of $913.50 million during the quarter, compared to the consensus estimate of $912.69 million. Western Alliance Bancorporation had a net margin of 18.04% and a return on equity of 13.33%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. Equities research analysts forecast that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Institutional Trading of Western Alliance Bancorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Western Alliance Bancorporation during the third quarter valued at approximately $26,000. Quent Capital LLC purchased a new position in Western Alliance Bancorporation during the third quarter valued at $26,000. Salomon & Ludwin LLC bought a new stake in Western Alliance Bancorporation in the 3rd quarter valued at $27,000. Root Financial Partners LLC bought a new stake in Western Alliance Bancorporation in the 3rd quarter valued at $27,000. Finally, Community Bank N.A. purchased a new stake in Western Alliance Bancorporation in the 3rd quarter worth $37,000. Institutional investors own 79.15% of the company’s stock.

Key Stories Impacting Western Alliance Bancorporation

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

• Positive Sentiment: Citigroup raised its price target to $107 and kept a “buy” rating, implying roughly 20% upside from current levels — a clear vote of confidence that supports the stock. Article Title
• Positive Sentiment: DA Davidson increased its target to $105 and maintained a “buy” stance, signaling additional analyst conviction behind WAL’s growth and valuation case. Article Title
• Positive Sentiment: Company Q4 results and call highlighted record loan and deposit growth plus stronger fee income — fundamental momentum that supports earnings upside and valuation. Article Title
• Neutral Sentiment: JPMorgan Chase & Co. reiterated a “Neutral” rating on WAL, leaving their stance unchanged even as other firms raised targets — this provides mixed guidance rather than a clear bullish or bearish signal. Article Title
• Negative Sentiment: Separately, JPMorgan analysts flagged higher earnings-credit rates and rising deposit costs as risks and reported downgrades at the firm, raising investor concerns about margin compression and pressure on net interest margin — the primary near-term catalyst weighing on the stock. Article Title

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.