Western Alliance Bancorp (NYSE: WAL) is 13.42% higher on its value in year-to-date trading and has touched a low of $38.81 and a high of $82.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WAL stock was last observed hovering at around $74.49 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $74.62, the stock is -1.79% and 10.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.17% at the moment leaves the stock 22.57% off its SMA200. WAL registered 46.31% gain for a year compared to 6-month gain of 26.15%.
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The stock witnessed a 1.23% loss in the last 1 month and extending the period to 3 months gives it a 16.67%, and is 2.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.46% over the week and 4.19% over the month.
Western Alliance Bancorp (WAL) has around 3260 employees, a market worth around $8.21B and $4.74B in sales. Current P/E ratio is 11.24 and Fwd P/E is 7.95. Profit margin for the company is 15.26%. Distance from 52-week low is 92.27% and -9.53% from its 52-week high. The company has generated returns on investments over the last 12 months (9.23%).
The EPS is expected to grow by 12.32% this year
The shares outstanding are 109.47M, and float is at 108.32M with Short Float at 4.82%.
Western Alliance Bancorp (WAL) Insider Activity
The most recent transaction is an insider sale by Curley Stephen Russell, the company’s Chief Banking Ofc.-NBL. SEC filings show that Curley Stephen Russell sold 5,070 shares of the company’s common stock on Aug 01 ’24 at a price of $76.43 per share for a total of $0.39 million. Following the sale, the insider now owns 36718.0 shares.
Still, SEC filings show that on Jul 22 ’24, Ardrey J. Kelly Jr. (Chief Accounting Officer) disposed off 2,116 shares at an average price of $75.95 for $0.16 million. The insider now directly holds 3,520 shares of Western Alliance Bancorp (WAL).
