Western Alliance Bancorporation (WAL) to Release Earnings on Monday

Western Alliance Bancorporation (NYSE:WAL) is projected to post its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect Western Alliance Bancorporation to post earnings of $1.92 per share and revenue of $804,880.16 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Western Alliance Bancorporation Price Performance

Western Alliance Bancorporation stock opened at $92.00 on Friday. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.88 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $88.03 and a 200 day simple moving average of $83.63. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10.

Western Alliance Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.65%. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. Western Alliance Bancorporation’s dividend payout ratio (DPR) is 23.46%.

Analysts Set New Price Targets

WAL has been the topic of a number of research reports. UBS Group assumed coverage on Western Alliance Bancorporation in a report on Tuesday, December 17th. They set a “buy” rating and a $115.00 price objective on the stock. Piper Sandler decreased their price target on shares of Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $83.00 to $101.00 in a research note on Monday, October 7th. Truist Financial decreased their target price on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 21st. Finally, Wells Fargo & Company cut their price target on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.31.

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.