Western Alliance Bancorporation (WAL) Projected to Post Quarterly Earnings on Thursday

Western Alliance Bancorporation (NYSE:WAL) is expected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect Western Alliance Bancorporation to post earnings of $1.80 per share and revenue of $792.25 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings data 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 return on equity of 13.14% and a net margin of 15.49%. On average, analysts expect Western Alliance Bancorporation to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Western Alliance Bancorporation Stock Performance

Shares of Western Alliance Bancorporation stock opened at $66.11 on Wednesday. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10. The company has a market capitalization of $7.30 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. The stock’s fifty day moving average is $77.98 and its two-hundred day moving average is $84.27. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s dividend payout ratio is presently 21.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WAL shares. Piper Sandler boosted their price objective on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Stephens reissued an “overweight” rating and issued a $103.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price 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. Barclays dropped their price target on Western Alliance Bancorporation from $107.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Western Alliance Bancorporation currently has an average rating of “Moderate Buy” and a consensus target price of $96.40.

Western Alliance Bancorporation Company Profile

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.