Western Alliance Bancorp (NYSE: WAL) has a price-to-earnings ratio that is above its average at 11.97x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WAL is 108.33M, and at present, short sellers hold a 4.78% of that float. On September 06, 2024, the average trading volume of WAL was 1.05M shares.
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WAL) stock’s latest price update
Western Alliance Bancorp (NYSE: WAL)’s stock price has dropped by -0.46 in relation to previous closing price of 79.89. Nevertheless, the company has seen a loss of -1.34% in its stock price over the last five trading days. zacks.com reported 2024-08-27 that 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.
WAL’s Market Performance
Western Alliance Bancorp (WAL) has experienced a -1.34% fall in stock performance for the past week, with a 9.01% rise in the past month, and a 33.94% rise in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.54% for WAL.. The simple moving average for the past 20 days is 2.16% for WAL’s stock, with a 25.28% simple moving average for the past 200 days.
Analysts’ Opinion of WAL
Many brokerage firms have already submitted their reports for WAL stocks, with Hovde Group repeating the rating for WAL by listing it as a “Outperform.” The predicted price for WAL in the upcoming period, according to Hovde Group is $75 based on the research report published on April 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see WAL reach a price target of $91. The rating they have provided for WAL stocks is “Overweight” according to the report published on March 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to WAL, setting the target price at $72 in the report published on January 30th of the current year.
WAL Trading at 8.30% from the 50-Day Moving Average
After a stumble in the market that brought WAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.46% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +9.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.87% upper at present.
During the last 5 trading sessions, WAL fell by -1.34%, which changed the moving average for the period of 200-days by +65.49% in comparison to the 20-day moving average, which settled at $78.17. In addition, Western Alliance Bancorp saw 20.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAL starting from JOHNSON MARIANNE BOYD, who sale 12,516 shares at the price of $81.00 back on Aug 30 ’24. After this action, JOHNSON MARIANNE BOYD now owns 7,351 shares of Western Alliance Bancorp, valued at $1,013,796 using the latest closing price.
JOHNSON MARIANNE BOYD, the Director of Western Alliance Bancorp, proposed sale 12,516 shares at $81.00 during a trade that took place back on Aug 30 ’24, which means that JOHNSON MARIANNE BOYD is holding shares at $1,013,796 based on the most recent closing price.
Stock Fundamentals for WAL
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.99 for the gross margin
The net margin for Western Alliance Bancorp stands at 0.18. The total capital return value is set at 0.03. Equity return is now at value 12.24, with 0.99 for asset returns.
Based on Western Alliance Bancorp (WAL), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is 1.08.
Currently, EBITDA for the company is 86.5 million with net debt to EBITDA at 12.6. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
To sum up, Western Alliance Bancorp (WAL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
