Equities Analysts Set Expectations for WAL FY2025 Earnings

Western Alliance Bancorporation (NYSE:WALFree Report) – Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for Western Alliance Bancorporation in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $10.61 per share for the year, up from their prior estimate of $8.70. DA Davidson has a “Buy” rating and a $106.00 price objective on the stock. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $9.11 per share.

Western Alliance Bancorporation (NYSE:WALGet Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%.

Several other brokerages have also commented on WAL. Stephens reissued an “overweight” rating and set a $103.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. Piper Sandler boosted their target price on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lowered their target price on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Truist Financial cut their price target on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Finally, Royal Bank of Canada set a $99.00 price objective on shares of Western Alliance Bancorporation and gave the company an “outperform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Read Our Latest Stock Report on Western Alliance Bancorporation

Western Alliance Bancorporation Stock Up 2.6 %

Western Alliance Bancorporation stock opened at $86.61 on Monday. The stock’s 50 day moving average price is $87.73 and its 200 day moving average price is $84.70. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10. The company has a market cap of $9.53 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.61 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of Western Alliance Bancorporation by 46.2% during the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider’s stock worth $388,197,000 after purchasing an additional 1,418,472 shares during the last quarter. FMR LLC raised its holdings in shares of Western Alliance Bancorporation by 93.3% during the third quarter. FMR LLC now owns 2,793,014 shares of the financial services provider’s stock worth $241,568,000 after purchasing an additional 1,347,921 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Western Alliance Bancorporation by 6,342.7% in the 3rd quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider’s stock valued at $44,522,000 after buying an additional 506,778 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Western Alliance Bancorporation during the 3rd quarter valued at about $39,230,000. Finally, Westfield Capital Management Co. LP acquired a new stake in Western Alliance Bancorporation during the third quarter worth about $38,386,000. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Company Profile

(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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