Western Alliance Bancorporation
WAL
Market cap $9.25B

84.00 USD

-0.41

0.49%

At close Oct 7, 4:00 PM EDT

After hours

84.00

+0.00

0.00%

1 day

-0.49%

5 days

-1.21%

1 month

3.02%

3 months

37.37%

6 months

37.01%

Year to date

29.87%

1 year

90.22%

5 years

90.95%

About: Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.

Employees: 3,260

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

57% more call options, than puts

Call options by funds: $134M | Put options by funds: $85.1M

0.12% more ownership

Funds ownership: 82.0% [Q1] → 82.12% (+0.12%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 11 [Q1] → 11 (+0) [Q2]

2% less capital invested

Capital invested by funds: $5.79B [Q1] → $5.68B (-$114M) [Q2]

5% less repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 135

2% less funds holding

Funds holding: 380 [Q1] → 372 (-8) [Q2]

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$74

12%

downside

Avg. target

$90

8%

upside

High target

$105

25%

upside

13 analyst ratings

10 positive

77%

3 neutral

23%

0 negative

0%

Wells Fargo Timur Braziler 75% 1-year accuracy 12 / 16 met price target	10%upside $92	Equal-Weight Maintained	1 Oct 2024
Wedbush David Chiaverini 54% 1-year accuracy 32 / 59 met price target	25%upside $105	Outperform Maintained	24 Sept 2024
Truist Securities Brandon King 72% 1-year accuracy 42 / 58 met price target	19%upside $100	Buy Maintained	20 Sept 2024
JP Morgan Steven Alexopoulos 64% 1-year accuracy 29 / 45 met price target	19%upside $100	Overweight Maintained	23 Jul 2024
Deutsche Bank Bernard von-Gizycki 0 / 0 met price target	1%downside $83	Hold Maintained	23 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about WAL published over the past 30 days

11 favored bank stocks that still trade at cheap valuations

Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.

11 favored bank stocks that still trade at cheap valuations

Why regional banks are set to benefit from easing interest rates

Christopher McGratty, head of US bank research at KBW, a Stifel Company, joins Market Domination to discuss how the Federal Reserve's rate easing cycle will impact regional banks and lays out some of his top picks in the sector. "We're figuring this out as we go.

Why regional banks are set to benefit from easing interest rates

Western Alliance: Further Upside After S&P 400 Inclusion

Western Alliance Bancorp has rebounded strongly, with shares up 67% over the past year, driven by improved balance sheet flexibility and high-quality deposit growth. Western Alliance's net interest margins have improved due to a favorable liability mix and potential for further optimization of its interest-earning asset base. The bank's credit quality remains strong with limited consumer credit exposure and a well-capitalized position, despite a slight increase in provisions.

Western Alliance: Further Upside After S&P 400 Inclusion

Schaeffers Research

These 12 Stocks are Ripe for a Short Squeeze

Subscribers to Chart of the Week received this commentary on Sunday, September 8.

These 12 Stocks are Ripe for a Short Squeeze

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance.

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Zacks Investment Research

5 Bank Stocks to Watch Out for as They Hit a New 52-Week High

The stocks of UMBF, GBCI, PNFP, WAL, and RF reach 52-week highs as the Fed announces rate cuts and are likely to keep up the momentum in the near term.

5 Bank Stocks to Watch Out for as They Hit a New 52-Week High

Western Alliance: A Flawless Quarterly From Multiple Perspectives

WAL has outperformed the S&P 500 by 22% since my last buy rating. Loan portfolio and non-interest-bearing deposits grew in Q2 2024, leading to improved profitability. Further price appreciation is expected due to growth drivers, low P/TBV per share compared to historical values.

Western Alliance: A Flawless Quarterly From Multiple Perspectives

These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings

Western Alliance Bancorporation WAL posted upbeat quarterly results, after the closing bell on Thursday.

These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings

Western Alliance Bancorporation (WAL) Q2 2024 Earnings Call Transcript

Western Alliance Bancorporation (NYSE:WAL ) Q2 2024 Earnings Conference Call July 19, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - President & CEO Dale Gibbons - CFO Timothy Bruckner - Chief Banking Officer Conference Call Participants Jared Shaw - Barclays Steven Alexopoulos - J.P. Morgan Ebrahim Poonawala - Bank of America Brandon King - Truist Securities Timur Braziler - Wells Fargo Matthew Clark - Piper Sandler Bernard Von Gizycki - Deutsche Bank Christopher McGratty - KBW Samuel Varga - UBS Jon Arfstrom - RBC Operator Good day, everyone.

Western Alliance Bancorporation (WAL) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Western Alliance (WAL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western Alliance (WAL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

See News Rankings

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