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Western Alliance Bancorporation (NYSE: WAL) Is A Good Bet For Risk-Tolerant Investors

Western Alliance Bancorporation (NYSE:WAL)’s traded shares stood at 32.44 million during the last session, with the company’s beta value hitting 1.47. At the close of trading, the stock’s price was $32.35, to imply an increase of 8.30% or $2.48 in intraday trading. The WAL share’s 52-week high remains $89.26, putting it -175.92% down since that peak but still an impressive 76.94% since price per share fell to its 52-week low of $7.46. The company has a valuation of $4.48B, with an average of 17.66 million shares in intraday trading volume over the past 10 days and average of 3.22 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Western Alliance Bancorporation (WAL), translating to a mean rating of 1.80. Of 14 analyst(s) looking at the stock, 0 analyst(s) give WAL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $2.38.

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Western Alliance Bancorporation (NYSE:WAL) trade information

After registering a 8.30% upside in the last session, Western Alliance Bancorporation (WAL) has traded red over the past five days. The stock hit a weekly high of 70.22 this Wednesday, 03/15/23, jumping 8.30% in its intraday price action. The 5-day price performance for the stock is -54.79%, and -57.16% over 30 days. With these gigs, the year-to-date price performance is -45.69%. Short interest in Western Alliance Bancorporation (NYSE:WAL) saw shorts transact 3.3 million shares and set a 3.59 days time to cover.

Analysts on Wall Street suggest a consensus price target of $80.79, implying an increase of 59.96% to the stock’s current value. The extremes give us $54.00 and $96.00 for target low and target high price respectively. As such, WAL has been trading -196.75% off suggested target high and -66.92% from its likely low.

Western Alliance Bancorporation (WAL) estimates and forecasts

Looking at statistics comparing Western Alliance Bancorporation share performance against respective industry, we note that the company has outperformed competitors. Western Alliance Bancorporation (WAL) shares are -56.89% down over the last 6 months, with its year-to-date growth rate higher than industry average at 6.60% against 4.10%. Revenue is forecast to grow 7.20% this quarter before jumping 5.90% for the next one. The rating firms project that company’s revenue will grow 17.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 10 analysts is $699.42 million. Meanwhile, for the quarter ending Jun 2023, a total of 10 analyst(s) estimate revenue growth to $734.03 million.Earnings reports from the last fiscal year show that sales brought in $555.8 million and $620 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.80% before jumping 18.40% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 26.50% for the past 5-year period. While 2023 is set for a 12.00% return in earnings, projections for the next 5 years are at 8.00% annually.

WAL Dividends

Western Alliance Bancorporation has its next earnings report out between April 19 and April 24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Western Alliance Bancorporation has a forward dividend ratio of 1.44, with the share yield ticking at 4.45% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Western Alliance Bancorporation (NYSE:WAL)’s Major holders

Western Alliance Bancorporation insiders hold 2.82% of total outstanding shares, with institutional holders owning 87.25% of the shares at 89.78% float percentage. In total, 87.25% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 9.9 million shares (or 9.09% of shares), all amounting to roughly $650.88 million.

The next major institution holding the largest number of shares is Price (T.Rowe) Associates Inc with 8.83 million shares, or about 8.11% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $580.73 million.

We also have Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Western Alliance Bancorporation (WAL) shares. Going by data provided on Dec 30, 2022, Growth Fund Of America Inc holds roughly 3.59 million shares. This is just over 3.29% of the total shares, with a market valuation of $213.66 million. Data from the same date shows that the other fund manager holds a little less at 3.07 million, or 2.82% of the shares, all valued at about 201.95 million.

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