DA Davidson Brokers Decrease Earnings Estimates for WAL

Western Alliance Bancorporation (NYSE:WAL) – Investment analysts at DA Davidson reduced their Q1 2025 earnings estimates for shares of Western Alliance Bancorporation in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $1.72 for the quarter, down from their previous forecast of $1.74. DA Davidson currently has a “Buy” rating and a $106.00 target price 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 posted its quarterly earnings results 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 return on equity of 13.14% and a net margin of 15.49%.

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

Western Alliance Bancorporation Stock Down 5.1 %

WAL opened at $61.95 on Thursday. The company has a market capitalization of $6.84 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The firm has a 50-day simple moving average of $82.44 and a two-hundred day simple moving average of $85.62. 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 has a 52 week low of $53.75 and a 52 week high of $98.10.

Western Alliance Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.45%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 21.41%.

Institutional Investors Weigh In On Western Alliance Bancorporation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth approximately $11,461,000. Franklin Resources Inc. grew its position in shares of Western Alliance Bancorporation by 17.0% during the 3rd quarter. Franklin Resources Inc. now owns 314,972 shares of the financial services provider’s stock valued at $27,970,000 after acquiring an additional 45,764 shares during the period. New York State Common Retirement Fund raised its holdings in Western Alliance Bancorporation by 9.3% in the 4th quarter. New York State Common Retirement Fund now owns 96,839 shares of the financial services provider’s stock worth $8,090,000 after purchasing an additional 8,201 shares during the period. BNP Paribas Financial Markets boosted its position in Western Alliance Bancorporation by 1,091.8% during the third quarter. BNP Paribas Financial Markets now owns 34,073 shares of the financial services provider’s stock worth $2,947,000 after purchasing an additional 31,214 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Western Alliance Bancorporation in the fourth quarter valued at approximately $727,000. 79.15% of the stock is owned by institutional investors and hedge funds.

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.