Western Alliance Bancorp (NYSE: WAL) is -15.25% lower on its value in year-to-date trading and has touched a low of $56.70 and a high of $98.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WAL stock was last observed hovering at around $68.70 in the last trading session, with the day’s gains setting it 2.1%.
Currently trading at $70.80, the stock is 4.04% and -7.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 3.06% at the moment leaves the stock -13.71% off its SMA200. WAL registered 20.67% gain for a year compared to 6-month gain of -12.06%. The firm has a 50-day simple moving average (SMA 50) of $76.3154 and a 200-day simple moving average (SMA200) of $82.05165.
The stock witnessed a -12.12% loss in the last 1 month and extending the period to 3 months gives it a -22.54%, and is 8.52% 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 4.71% over the week and 6.73% over the month.
Western Alliance Bancorp (WAL) has around 3524 employees, a market worth around $7.82B and $5.02B in sales. Current P/E ratio is 9.72 and Fwd P/E is 6.75. Profit margin for the company is 15.86%. Distance from 52-week low is 24.87% and -27.83% from its 52-week high. The company has generated returns on investments over the last 12 months (6.57%).
with sales reaching $841.35M over the same period.The EPS is expected to grow by 21.81% this year, but quarterly earnings will post 6.99% year-over-year. Quarterly sales are estimated to grow 9.01% in year-over-year returns.
546.0 institutions hold shares in Western Alliance Bancorp (WAL), with institutional investors hold 93.16% of the company’s shares. The shares outstanding are 110.40M, and float is at 108.75M with Short Float at 3.90%. Institutions hold 90.63% 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 9.7716 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 4.9908 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 5.11 million shares representing 4.7074 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 Segedi Bryan K, the company’s Director. SEC filings show that Segedi Bryan K sold 1,000 shares of the company’s common stock on Nov 13 ’24 at a price of $94.36 per share for a total of $94360.0. Following the sale, the insider now owns 16675.0 shares.
Still, SEC filings show that on Sep 13 ’24, LATTA ROBERT P (Director) disposed off 2,955 shares at an average price of $81.12 for $0.24 million. The insider now directly holds 38,621 shares of Western Alliance Bancorp (WAL).
