At the time of writing, Western Alliance Bancorp [WAL] stock is trading at $96.10, up 13.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WAL shares have gain 14.04% over the last week, with a monthly amount glided 14.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Western Alliance Bancorp [NYSE: WAL] stock has seen the most recent analyst activity on October 07, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $101 from $83. On March 08, 2024, Barclays initiated with a Overweight rating and assigned a price target of $91 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $72 on January 30, 2024. Citigroup initiated its recommendation with a Buy and recommended $61 as its price target on December 01, 2023. In a note dated June 28, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $41 on this stock.
For the past year, the stock price of Western Alliance Bancorp fluctuated between $43.20 and $94.28. Currently, Wall Street analysts expect the stock to reach $92 within the next 12 months. Western Alliance Bancorp [NYSE: WAL] shares were valued at $96.10 at the most recent close of the market. An investor can expect a potential drop of -4.27% based on the average WAL price forecast.
Analyzing the WAL fundamentals
According to Western Alliance Bancorp [NYSE:WAL], the company’s sales were 4.88B for trailing twelve months, which represents an 12.67% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
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 92.65 points at the first support level, and at 89.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.00, and for the 2nd resistance point, it is at 99.90.
Ratios To Look Out For
It is important to note that Western Alliance Bancorp [NYSE:WAL] has a current ratio of 0.10. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 14.85.
Transactions by insiders
Recent insider trading involved LATTA ROBERT P, Director, that happened on Sep 13 ’24 when 2955.0 shares were sold. Director, ROBERT P. LATTA completed a deal on Sep 13 ’24 to buy 2955.0 shares. Meanwhile, Director LATTA ROBERT P sold 2996.0 shares on Sep 09 ’24.
