Western Alliance Bancorp (NYSE: WAL) is 34.00% higher on its value in year-to-date trading and has touched a low of $57.05 and a high of $98.10 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 $81.03 in the last trading session, with the day’s gains setting it 1089918.97%.
Currently trading at $1090000.0, the stock is 12.21% and 13.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 3.89% at the moment leaves the stock 3.21% off its SMA200. WAL registered 0.77% gain for a year compared to 6-month loss of 0.60%. The firm has a 50-day simple moving average (SMA 50) of $73.907 and a 200-day simple moving average (SMA200) of $81.55865.
The stock witnessed a 17.39% gain in the last 1 month and extending the period to 3 months gives it a 11.19%, and is 11.50% 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 3.52% over the week and 2.78% over the month.
Western Alliance Bancorp (WAL) has around 3524 employees, a market worth around $9.29B and $5.05B in sales. Current P/E ratio is 11.57 and Fwd P/E is 8.02. Profit margin for the company is 15.76%. Distance from 52-week low is 47.55% and -14.19% from its 52-week high. The company has generated returns on investments over the last 12 months (8.31%).
The EPS is expected to grow by 21.57% this year
536.0 institutions hold shares in Western Alliance Bancorp (WAL), with institutional investors hold 92.46% of the company’s shares. The shares outstanding are 110.44M, and float is at 104.75M with Short Float at 4.09%. Institutions hold 90.01% 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 4.4734 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).
