At the time of writing, Western Alliance Bancorp [WAL] stock is trading at $87.87, up 5.13%. 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 7.62% over the last week, with a monthly amount drifted -2.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Deutsche Bank upgraded its rating to Buy on October 07, 2024, and elevated its price target to $101. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $91 on March 08, 2024. Wells Fargo downgraded its rating to a Equal Weight and raised its price target to $72 on January 30, 2024. Citigroup started tracking with a Buy rating for this stock on December 01, 2023, and assigned it a price target of $61.
For the past year, the stock price of Western Alliance Bancorp fluctuated between $53.75 and $98.10. Currently, Wall Street analysts expect the stock to reach $97.33 within the next 12 months. Western Alliance Bancorp [NYSE: WAL] shares were valued at $87.87 at the most recent close of the market. An investor can expect a potential return of 10.77% 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 1.15% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 86.46 points at the first support level, and at 85.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.76, and for the 2nd resistance point, it is at 89.66.
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 1.98, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 13.58.
Transactions by insiders
Recent insider trading involved Segedi Bryan K, Director, that happened on Nov 13 ’24 when 1000.0 shares were sold. Director, Segedi Bryan K completed a deal on Nov 13 ’24 to buy 1000.0 shares. Meanwhile, Director LATTA ROBERT P sold 2955.0 shares on Sep 13 ’24.
