What is DA Davidson’s Forecast for WAL Q4 Earnings?

Western Alliance Bancorporation (NYSE:WAL) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Western Alliance Bancorporation in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $1.97 per share for the quarter. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $7.22 per share.

WAL has been the subject of a number of other reports. Bank of America upped their target price on Western Alliance Bancorporation from $82.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $83.00 to $101.00 in a report on Monday, October 7th. Royal Bank of Canada set a $99.00 target price on shares of Western Alliance Bancorporation and gave the stock an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on Western Alliance Bancorporation from $70.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Stephens reissued an “overweight” rating and set a $102.00 price objective on shares of Western Alliance Bancorporation in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.60.

Western Alliance Bancorporation Price Performance

Shares of WAL opened at $83.88 on Wednesday. Western Alliance Bancorporation has a one year low of $38.81 and a one year high of $94.28. The stock’s fifty day moving average is $83.04 and its 200-day moving average is $71.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

Western Alliance Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.76%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 22.84%.

Insider Activity

In related news, insider Stephen Russell Curley sold 5,070 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.43, for a total transaction of $387,500.10. Following the transaction, the insider now directly owns 36,718 shares of the company’s stock, valued at approximately $2,806,356.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Stephen Russell Curley sold 5,070 shares of Western Alliance Bancorporation stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.43, for a total transaction of $387,500.10. Following the completion of the sale, the insider now owns 36,718 shares of the company’s stock, valued at approximately $2,806,356.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barbara Kennedy sold 11,083 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $81.59, for a total value of $904,261.97. Following the completion of the transaction, the insider now directly owns 7,977 shares in the company, valued at approximately $650,843.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,149 shares of company stock worth $1,539,681 in the last 90 days. Company insiders own 2.75% of the company’s stock.

Institutional Trading of Western Alliance Bancorporation

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Western Alliance Bancorporation in the first quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth about $31,000. GAMMA Investing LLC increased its holdings in shares of Western Alliance Bancorporation by 57.4% during the 1st quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 183 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Western Alliance Bancorporation in the 3rd quarter worth approximately $33,000. Finally, ORG Partners LLC acquired a new position in Western Alliance Bancorporation during the second quarter valued at approximately $36,000. 79.15% of the stock is owned by institutional investors.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.