In the past week, WAL stock has gone up by 3.39%, with a monthly gain of 5.89% and a quarterly surge of 39.37%. The volatility ratio for the week is 2.72%, and the volatility levels for the last 30 days are 2.84% for Western Alliance Bancorp The simple moving average for the last 20 days is 4.06% for WAL stock, with a simple moving average of 28.56% for the last 200 days.
Is It Worth Investing in Western Alliance Bancorp (NYSE: WAL) Right Now?
Western Alliance Bancorp (NYSE: WAL) has a higher price-to-earnings ratio of 12.53x compared to its average ratio. WAL has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for WAL is 108.41M, and currently, short sellers hold a 4.75% ratio of that float. The average trading volume of WAL on September 18, 2024 was 1.14M shares.
WAL) stock’s latest price update
The stock of Western Alliance Bancorp (NYSE: WAL) has increased by 1.06 when compared to last closing price of 82.35. Despite this, the company has experienced a 3.39% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-11 that 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.
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 9.08% 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 -3.19% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +5.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.09% upper at present.
During the last 5 trading sessions, WAL rose by +3.39%, which changed the moving average for the period of 200-days by +61.94% in comparison to the 20-day moving average, which settled at $80.17. In addition, Western Alliance Bancorp saw 26.49% 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 LATTA ROBERT P, who sale 2,955 shares at the price of $81.12 back on Sep 13 ’24. After this action, LATTA ROBERT P now owns 38,621 shares of Western Alliance Bancorp, valued at $239,710 using the latest closing price.
ROBERT P. LATTA, the Director of Western Alliance Bancorp, proposed sale 2,955 shares at $81.12 during a trade that took place back on Sep 13 ’24, which means that ROBERT P. LATTA is holding shares at $239,695 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 2.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
To put it simply, Western Alliance Bancorp (WAL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
