Top investors say Western Alliance Bancorp (WAL) ticks everything they need

With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.21 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $64.8 whereas the lowest price it dropped to was $63.04. The 52-week range on WAL shows that it touched its highest point at $70.23 and its lowest point at $25.62 during that stretch. It currently has a 1-year price target of $75.78. With its current market cap of 6.95 billion, WAL has annualized dividend of $1.10 while the current yield stands at 1.74%. Beta for the stock currently stands at 1.46.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WAL was up-trending over the past week, with a rise of 1.07%, but this was up by 11.35% over a month. Three-month performance surged to 0.53% while six-month performance rose 43.67%. The stock gained 134.49% in the past year, while it has lost -4.09% so far this year. A look at the trailing 12-month EPS for WAL yields 6.86 with Next year EPS estimates of 9.30. For the next quarter, that number is 1.73. This implies an EPS growth rate of 13.16% for this year and 25.60% for next year. EPS is expected to decline by -13.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.60%.

Float and Shares Shorts:

At present, 109.47 million WAL shares are outstanding with a float of 107.00 million shares on hand for trading. On 2024-04-30, short shares totaled 5.39 million, which was 488.99996999999996 higher than short shares on 1711584000. In addition to Mr. Kenneth A. Vecchione as the firm’s CEO, President & Director, Mr. Dale M. Gibbons serves as its Vice Chairman, Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.82575995 of WAL’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.