DA Davidson Has Bearish Outlook for WAL FY2025 Earnings

Western Alliance Bancorporation (NYSE:WAL) – Equities researchers at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Western Alliance Bancorporation in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $8.70 per share for the year, down from their prior estimate of $8.85. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $7.14 per share.

Other analysts also recently issued research reports about the stock. Wedbush lifted their target price on shares of Western Alliance Bancorporation from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Piper Sandler lowered their target price on Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Western Alliance Bancorporation from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Barclays lifted their price objective on shares of Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada set a $99.00 price target on shares of Western Alliance Bancorporation and gave the company an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.75.

Western Alliance Bancorporation Trading Up 2.1 %

NYSE WAL opened at $84.62 on Friday. Western Alliance Bancorporation has a 12 month low of $53.75 and a 12 month high of $98.10. The stock has a market capitalization of $9.31 billion, a P/E ratio of 13.06, a PEG ratio of 1.41 and a beta of 1.45. The firm’s 50-day moving average is $89.14 and its two-hundred day moving average is $79.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). The business had revenue of $833.10 million during the quarter, compared to analyst estimates of $811.40 million. Western Alliance Bancorporation had a net margin of 14.66% and a return on equity of 13.16%.

Western Alliance Bancorporation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.38 dividend. This is a positive change from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, November 15th. Western Alliance Bancorporation’s dividend payout ratio is presently 23.46%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WAL. Principal Financial Group Inc. raised its holdings in Western Alliance Bancorporation by 6,342.7% during the 3rd quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider’s stock worth $44,522,000 after buying an additional 506,778 shares during the period. Retirement Systems of Alabama purchased a new position in Western Alliance Bancorporation during the third quarter valued at approximately $11,461,000. Oddo BHF Asset Management Sas acquired a new position in Western Alliance Bancorporation in the 3rd quarter valued at approximately $639,000. Franklin Resources Inc. lifted its position in Western Alliance Bancorporation by 17.0% in the 3rd quarter. Franklin Resources Inc. now owns 314,972 shares of the financial services provider’s stock worth $27,970,000 after buying an additional 45,764 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Western Alliance Bancorporation by 89.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,125 shares of the financial services provider’s stock valued at $667,000 after buying an additional 3,365 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

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.