Shares of Western Alliance Bancorporation (NYSE:WAL – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $97.07.

Several brokerages have recently commented on WAL. DA Davidson lowered their target price on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial lowered their price objective on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. Barclays upped their target price on Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Wells Fargo & Company decreased their price target on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada set a $99.00 price objective on shares of Western Alliance Bancorporation and gave the stock an “outperform” rating in a research report on Friday, October 18th.

Read Our Latest Stock Analysis on Western Alliance Bancorporation

Western Alliance Bancorporation Stock Performance

WAL opened at $89.62 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. The business has a fifty day simple moving average of $88.11 and a 200 day simple moving average of $84.29. Western Alliance Bancorporation has a 1 year low of $53.75 and a 1 year high of $98.10. The company has a market capitalization of $9.86 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL – Get Free Report) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 14.66% and a return on equity of 13.16%. Research analysts expect that Western Alliance Bancorporation will post 7.11 EPS for the current year.

Institutional Trading of Western Alliance Bancorporation

A number of institutional investors and hedge funds have recently bought and sold shares of WAL. Fifth Third Bancorp increased its position in shares of Western Alliance Bancorporation by 70.1% during the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Western Alliance Bancorporation in the 3rd quarter valued at approximately $31,000. ORG Wealth Partners LLC bought a new stake in Western Alliance Bancorporation during the third quarter worth about $33,000. Allworth Financial LP increased its position in Western Alliance Bancorporation by 115.6% during the 4th quarter. Allworth Financial LP now owns 401 shares of the financial services provider’s stock valued at $37,000 after buying an additional 215 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Western Alliance Bancorporation by 136.8% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 249 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds.

About Western Alliance Bancorporation

(Get Free Report

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.

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