DA Davidson Issues Pessimistic Estimate for WAL Earnings

Western Alliance Bancorporation (NYSE:WAL) – Equities research analysts at DA Davidson cut their Q1 2025 earnings per share estimates for shares of Western Alliance Bancorporation in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $1.72 per share for the quarter, down from their prior forecast of $1.74. DA Davidson has a “Buy” rating and a $106.00 price target on the stock. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $9.05 per share. DA Davidson also issued estimates for Western Alliance Bancorporation’s FY2025 earnings at $8.65 EPS and FY2026 earnings at $10.57 EPS.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%.

WAL has been the topic of several other research reports. Wells Fargo & Company dropped their target price on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Piper Sandler boosted their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $103.00 target price on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. UBS Group assumed coverage on shares of Western Alliance Bancorporation in a report on Tuesday, December 17th. They issued a “buy” rating and a $115.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.07.

Western Alliance Bancorporation Stock Up 2.6 %

Western Alliance Bancorporation stock opened at $77.71 on Thursday. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.63 and a beta of 1.43. The company’s 50-day moving average price is $83.56 and its two-hundred day moving average price is $85.90. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Western Alliance Bancorporation

A number of institutional investors have recently modified their holdings of WAL. Price T Rowe Associates Inc. MD increased its stake in shares of Western Alliance Bancorporation by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,968,526 shares of the financial services provider’s stock worth $498,612,000 after acquiring an additional 154,575 shares during the last quarter. Invesco Ltd. increased its position in Western Alliance Bancorporation by 5.1% in the 4th quarter. Invesco Ltd. now owns 5,736,263 shares of the financial services provider’s stock worth $479,207,000 after purchasing an additional 278,041 shares during the last quarter. State Street Corp raised its stake in shares of Western Alliance Bancorporation by 46.2% during the 3rd 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Western Alliance Bancorporation by 0.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,577,760 shares of the financial services provider’s stock valued at $298,887,000 after buying an additional 22,942 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Western Alliance Bancorporation by 23.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,341,553 shares of the financial services provider’s stock valued at $195,616,000 after buying an additional 445,176 shares in the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.

Western Alliance Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.96%. Western Alliance Bancorporation’s dividend payout ratio is presently 21.41%.

About Western Alliance Bancorporation

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.