At the time of writing, Western Alliance Bancorp [WAL] stock is trading at $74.03, up 1.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WAL shares have lost -2.99% over the last week, with a monthly amount glided 16.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Overweight rating on March 08, 2024, and set its price target to $91. On January 30, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $72 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $61 on December 01, 2023. Deutsche Bank started tracking with a Hold rating for this stock on June 28, 2023, and assigned it a price target of $41.
For the past year, the stock price of Western Alliance Bancorp fluctuated between $38.81 and $82.48. Currently, Wall Street analysts expect the stock to reach $86.75 within the next 12 months. Western Alliance Bancorp [NYSE: WAL] shares were valued at $74.03 at the most recent close of the market. An investor can expect a potential return of 17.18% based on the average WAL price forecast.
Analyzing the WAL fundamentals
According to Western Alliance Bancorp [NYSE:WAL], the company’s sales were 4.74B for trailing twelve months, which represents an 16.90% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.08 points at the first support level, and at 72.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.74, and for the 2nd resistance point, it is at 75.45.
Ratios To Look Out For
It is important to note that Western Alliance Bancorp [NYSE:WAL] has a current ratio of 0.14. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 11.15.
Transactions by insiders
Recent insider trading involved Curley Stephen Russell, Officer, that happened on Aug 01 ’24 when 5070.0 shares were purchased. Chief Banking Ofc.-NBL, Curley Stephen Russell completed a deal on Aug 01 ’24 to sell 5070.0 shares. Meanwhile, Chief Accounting Officer Ardrey J. Kelly Jr. sold 2116.0 shares on Jul 22 ’24.
