Western Alliance Bancorporation (WAL) Expected to Announce Earnings on Monday

Western Alliance Bancorporation (NYSE:WAL) is expected to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $804,880.16 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Western Alliance Bancorporation Stock Performance

NYSE:WAL opened at $92.00 on Friday. The firm’s fifty day simple moving average is $88.00 and its 200-day simple moving average is $83.41. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $10.13 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46. Western Alliance Bancorporation has a fifty-two week low of $53.75 and a fifty-two week high of $98.10.

Western Alliance Bancorporation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.38 per share. 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 1.65%. The ex-dividend date was Friday, November 15th. Western Alliance Bancorporation’s dividend payout ratio is presently 23.46%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WAL shares. Deutsche Bank Aktiengesellschaft raised Western Alliance Bancorporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $83.00 to $101.00 in a research note on Monday, October 7th. UBS Group started coverage on Western Alliance Bancorporation in a research report on Tuesday, December 17th. They set a “buy” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. dropped their price target 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. Piper Sandler decreased their price objective on shares of Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Wells Fargo & Company dropped their target price on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.31.

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.