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.
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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.
