Western Alliance Bancorp (NYSE: WAL) is 7.80% 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 $83.54 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $83.21, the stock is 0.90% and 7.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -0.40% at the moment leaves the stock 2.15% off its SMA200. WAL registered -0.40% loss for a year compared to 6-month loss of -9.94%. The firm has a 50-day simple moving average (SMA 50) of $77.4732 and a 200-day simple moving average (SMA200) of $81.45955.
The stock witnessed a 9.62% gain in the last 1 month and extending the period to 3 months gives it a 21.12%, and is -1.65% down 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 3.14% over the week and 2.99% over the month.
Western Alliance Bancorp (WAL) has around 3524 employees, a market worth around $9.19B and $5.07B in sales. Current P/E ratio is 10.94 and Fwd P/E is 8.04. Profit margin for the company is 16.44%. Distance from 52-week low is 45.85% and -15.17% from its 52-week high. The company has generated returns on investments over the last 12 months (5.95%).
The EPS is expected to grow by 18.79% this year
537.0 institutions hold shares in Western Alliance Bancorp (WAL), with institutional investors hold 92.88% of the company’s shares. The shares outstanding are 110.40M, and float is at 104.75M with Short Float at 4.12%. Institutions hold 90.42% 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
Western Alliance Bancorp disclosed in a document filed with the SEC on Nov 13 ’24 that Segedi Bryan K (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $94.36 per share for $94360.0. Following the transaction, the insider now directly holds 16675.0 shares of the WAL stock.
