Western Alliance Bancorporation (WAL) to Release Earnings on Thursday

Western Alliance Bancorporation (NYSE:WAL) is expected to issue its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $792.25 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. On average, analysts expect Western Alliance Bancorporation to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Western Alliance Bancorporation Trading Up 3.4 %

Shares of Western Alliance Bancorporation stock opened at $66.11 on Wednesday. The firm’s 50 day simple moving average is $77.98 and its two-hundred day simple moving average is $84.27. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.63 and a beta of 1.29. Western Alliance Bancorporation has a 12-month low of $53.75 and a 12-month high of $98.10. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61.

Western Alliance Bancorporation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.30%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is 21.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of Western Alliance Bancorporation from $95.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. StockNews.com raised shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, DA Davidson lowered their price target on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.40.

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.