The price-to-earnings ratio for Western Alliance Bancorp (NYSE: WAL) is above average at 14.11x. The 36-month beta value for WAL is also noteworthy at 1.44. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for WAL is 108.41M, and at present, short sellers hold a 5.90% of that float. The average trading volume of WAL on November 22, 2024 was 1.52M shares.
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WAL) stock’s latest price update
Western Alliance Bancorp (NYSE: WAL) has seen a rise in its stock price by 2.37 in relation to its previous close of 89.17. However, the company has experienced a -0.63% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that This week, 17 companies with an average dividend increase of 8.3% are highlighted, emphasizing consistent dividend growth and outperforming benchmarks. My investment strategy focuses on buying, holding, and adding companies with consistent dividend increases and superior performance compared to benchmarks. The list is created using data from the “U.S. Dividend Champions” spreadsheet and NASDAQ, featuring companies with at least five years of dividend growth.
WAL’s Market Performance
Western Alliance Bancorp (WAL) has seen a -0.63% fall in stock performance for the week, with a 10.86% gain in the past month and a 11.18% surge in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.96% for WAL. The simple moving average for the past 20 days is 3.41% for WAL’s stock, with a 29.16% simple moving average for the past 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 5.45% 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 -5.36% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +8.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.21% upper at present.
During the last 5 trading sessions, WAL fell by -0.63%, which changed the moving average for the period of 200-days by +57.90% in comparison to the 20-day moving average, which settled at $88.27. In addition, Western Alliance Bancorp saw 38.74% 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 Segedi Bryan K, who sale 1,000 shares at the price of $94.36 back on Nov 13 ’24. After this action, Segedi Bryan K now owns 16,675 shares of Western Alliance Bancorp, valued at $94,360 using the latest closing price.
Segedi Bryan K, the Director of Western Alliance Bancorp, proposed sale 1,000 shares at $94.58 during a trade that took place back on Nov 13 ’24, which means that Segedi Bryan K is holding shares at $94,583 based on the most recent closing price.
Stock Fundamentals for WAL
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 1.15 for the gross margin
The net margin for Western Alliance Bancorp stands at 0.17. 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 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 1.02.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In summary, Western Alliance Bancorp (WAL) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
