Does Western Alliance Bancorp (WAL) offer a good opportunity for investors?

With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.49 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $84.585 whereas the lowest price it dropped to was $83.12. The 52-week range on WAL shows that it touched its highest point at $94.28 and its lowest point at $39.03 during that stretch. It currently has a 1-year price target of $99.40. With its current market cap of 9.24 billion, WAL has annualized dividend of $1.48 while the current yield stands at 1.76%. WAL paid its most recent dividend on 1723766400, while the ex-dividend date for that was 1723766400. Beta for the stock currently stands at 1.43.

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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 1.94%, but this was down by -2.95% over a month. Three-month performance surged to 4.33% while six-month performance rose 47.70%. The stock gained 109.33% in the past year, while it has gained 27.59% so far this year. A look at the trailing 12-month EPS for WAL yields 6.47 with Next year EPS estimates of 8.98. For the next quarter, that number is 1.93. This implies an EPS growth rate of 8.12% for this year and 27.04% for next year. EPS is expected to grow by 10.45% 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 108.42 million shares on hand for trading. On 2024-10-15, short shares totaled 7.01 million, which was 637.0000000000001 higher than short shares on 1726185600. 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 0.83269995 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.