DA Davidson Has Positive Outlook for WAL FY2025 Earnings

Western Alliance Bancorporation (NYSE:WAL) – Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Western Alliance Bancorporation in a research report issued to clients and investors on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $8.42 for the year, up from their prior forecast of $8.40. DA Davidson has a “Buy” rating and a $98.00 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 FY2026 earnings at $10.40 EPS.

Several other brokerages also recently weighed in on WAL. National Bankshares set a $118.00 target price on shares of Western Alliance Bancorporation in a research note on Wednesday, September 24th. Cowen assumed coverage on Western Alliance Bancorporation in a research report on Wednesday, September 24th. They set a “buy” rating for the company. TD Cowen began coverage on Western Alliance Bancorporation in a research note on Thursday, September 25th. They set a “buy” rating and a $118.00 price target for the company. Wells Fargo & Company lowered shares of Western Alliance Bancorporation from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $85.00 to $90.00 in a research report on Monday. Finally, Barclays upped their price objective on shares of Western Alliance Bancorporation from $97.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.53.

Western Alliance Bancorporation Stock Down 0.8%

Shares of NYSE:WAL opened at $85.33 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market cap of $9.42 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.59 and a beta of 1.35. Western Alliance Bancorporation has a 1-year low of $57.05 and a 1-year high of $98.10. The firm has a fifty day moving average price of $85.40 and a 200 day moving average price of $78.24.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.03. Western Alliance Bancorporation had a net margin of 16.39% and a return on equity of 12.62%. The business had revenue of $836.21 million for the quarter, compared to analyst estimates of $838.58 million. During the same period last year, the firm posted $1.75 earnings per share.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were given a $0.38 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.8%. Western Alliance Bancorporation’s payout ratio is currently 19.97%.

Insider Buying and Selling

In related news, insider Tim R. Bruckner sold 2,500 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $83.91, for a total value of $209,775.00. Following the sale, the insider directly owned 24,759 shares of the company’s stock, valued at approximately $2,077,527.69. This represents a 9.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Western Alliance Bancorporation by 6.2% during the second quarter. GAMMA Investing LLC now owns 2,317 shares of the financial services provider’s stock valued at $181,000 after buying an additional 136 shares during the period. National Bank of Canada FI lifted its stake in shares of Western Alliance Bancorporation by 22.7% during the 1st quarter. National Bank of Canada FI now owns 763 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 141 shares during the period. EJF Capital LLC lifted its stake in shares of Western Alliance Bancorporation by 2.5% during the 2nd quarter. EJF Capital LLC now owns 6,223 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 149 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Western Alliance Bancorporation by 5.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,087 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 166 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Western Alliance Bancorporation by 2.9% in the first quarter. D.A. Davidson & CO. now owns 6,056 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 169 shares during the period. 79.15% of the stock is currently 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.