Western Alliance Bancorp (NYSE: WAL) is 22.51% higher on its value in year-to-date trading and has touched a low of $38.81 and a high of $83.23 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 $80.44 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $80.60, the stock is 5.36% and 12.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 0.20% at the moment leaves the stock 28.74% off its SMA200. WAL registered 61.85% gain for a year compared to 6-month gain of 40.91%.
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The stock witnessed a 0.20% loss in the last 1 month and extending the period to 3 months gives it a 31.27%, and is 4.22% 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 2.78% over the week and 3.33% over the month.
Western Alliance Bancorp (WAL) has around 3260 employees, a market worth around $8.87B and $4.74B in sales. Current P/E ratio is 12.14 and Fwd P/E is 8.62. Profit margin for the company is 15.26%. Distance from 52-week low is 107.68% and -3.16% from its 52-week high. The company has generated returns on investments over the last 12 months (9.23%).
Western Alliance Bancorp quarterly earnings per share for the current quarter are estimated at 1.91 with sales reaching $810.24M over the same period.The EPS is expected to grow by 12.07% this year, but quarterly earnings will post 19.90% year-over-year. Quarterly sales are estimated to grow 13.10% in year-over-year returns.
492.0 institutions hold shares in Western Alliance Bancorp (WAL), with institutional investors hold 85.66% of the company’s shares. The shares outstanding are 109.47M, and float is at 108.32M with Short Float at 4.78%. Institutions hold 83.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.61 million shares valued at $666.64 million. The investor’s holdings represent 9.7806 of the WAL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.42 million shares valued at $340.48 million to account for 4.9954 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 5.11 million shares representing 4.7117 and valued at over $321.15 million, while INVESCO LTD. holds 4.4775 of the shares totaling 4.86 million with a market value of $305.19 million.
Western Alliance Bancorp (WAL) Insider Activity
The most recent transaction is an insider sale by Kennedy Barbara, the company’s Chief Human Resources Officer. SEC filings show that Kennedy Barbara sold 11,083 shares of the company’s common stock on Aug 26 ’24 at a price of $81.59 per share for a total of $0.9 million. Following the sale, the insider now owns 7977.0 shares.
Still, SEC filings show that on Aug 01 ’24, Curley Stephen Russell (Chief Banking Ofc.-NBL) disposed off 5,070 shares at an average price of $76.43 for $0.39 million. The insider now directly holds 36,718 shares of Western Alliance Bancorp (WAL).
