Western Alliance Bancorp (NYSE: WAL) has a price-to-earnings ratio that is above its average at 13.21x. 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 108.42M, and at present, short sellers hold a 6.87% of that float. On October 21, 2024, the average trading volume of WAL was 1.47M shares.
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WAL) stock’s latest price update
Western Alliance Bancorp (NYSE: WAL)’s stock price has decreased by -8.93 compared to its previous closing price of 93.92. However, the company has seen a -3.56% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-18 that Western Alliance Bancorporation (NYSE:WAL ) Q3 2024 Earnings Conference Call October 18, 2024 12:00 PM ET Company Participants Miles Pondelik – Director of IR & Corporate Development Kenneth Vecchione – President & CEO Dale Gibbons – CFO Conference Call Participants Ebrahim Poonawala – Bank of America Christopher McGratty – KBW Jared Shaw – Barclays Matthew Clark – Piper Sandler Bernard Von Gizycki – Deutsche Bank Timur Braziler – Wells Fargo Anthony Elian – JPMorgan Gary Tenner – D.A. Davidson Samuel Varga – UBS Jon Arfstrom – RBC Brandon King – Truist Securities Operator Hello, everyone, and a warm welcome to the Western Alliance Bancorporation Q3 2024 Earnings Call.
WAL’s Market Performance
Western Alliance Bancorp (WAL) has seen a -3.56% fall in stock performance for the week, with a -3.26% decline in the past month and a 10.80% surge in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.65% for WAL. The simple moving average for the last 20 days is -0.86% for WAL stock, with a simple moving average of 26.11% for the last 200 days.
Analysts’ Opinion of WAL
Many brokerage firms have already submitted their reports for WAL stocks, with Deutsche Bank repeating the rating for WAL by listing it as a “Buy.” The predicted price for WAL in the upcoming period, according to Deutsche Bank is $101 based on the research report published on October 07, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see WAL reach a price target of $75. The rating they have provided for WAL stocks is “Outperform” according to the report published on April 22nd, 2024.
Barclays gave a rating of “Overweight” to WAL, setting the target price at $91 in the report published on March 08th of the current year.
WAL Trading at 3.77% 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 -9.28% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -2.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.53% upper at present.
During the last 5 trading sessions, WAL fell by -3.56%, which changed the moving average for the period of 200-days by +37.33% in comparison to the 20-day moving average, which settled at $86.28. In addition, Western Alliance Bancorp saw 30.00% 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 11.57, with 0.95 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 2.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To sum up, Western Alliance Bancorp (WAL) has seen a mixed 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.
