Western Alliance Bancorporation [NYSE: WAL] loss -6.85% on the last trading session, reaching $41.45 price per share at the time. Western Alliance Bancorporation represents 101.33 million in outstanding shares, while the company has a total market value of $3.98 billion with the latest information. WAL stock price has been found in the range of $41.33 to $43.84.
If compared to the average trading volume of 1.32M shares, WAL reached a trading volume of 1180074 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Western Alliance Bancorporation [WAL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WAL shares is $38.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WAL stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Western Alliance Bancorporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 02, 2020. The new note on the price target was released on April 22, 2020, representing the official price target for Western Alliance Bancorporation stock.
The Average True Range (ATR) for Western Alliance Bancorporation is set at 2.56, with the Price to Sales ratio for WAL stock in the period of the last 12 months amounting to 3.21. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 9.35. Price to Free Cash Flow for WAL in the course of the last twelve months was 6.74.
Trading performance analysis for WAL stock
Western Alliance Bancorporation [WAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.55. With this latest performance, WAL shares gained by 26.33% in over the last four-week period, additionally sinking by -23.04% over the last 6 months – not to mention a drop of -5.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WAL stock in for the last two-week period is set at 58.08, with the RSI for the last a single of trading hit 56.44, and the three-weeks RSI is set at 56.86 for Western Alliance Bancorporation [WAL]. The present Moving Average for the last 50 days of trading for this stock 33.98, while it was recorded at 44.11 for the last single week of trading, and 45.16 for the last 200 days.
Western Alliance Bancorporation [WAL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Western Alliance Bancorporation [WAL] shares currently have an operating margin of +46.82. Western Alliance Bancorporation’s Net Margin is presently recorded at +39.21.
Return on Total Capital for WAL is now 17.04, given the latest momentum, and Return on Invested Capital for the company is 15.48. Return on Equity for this stock inclined to 17.73, with Return on Assets sitting at 1.99. When it comes to the capital structure of this company, Western Alliance Bancorporation [WAL] has a Total Debt to Total Equity ratio set at 16.19. Additionally, WAL Total Debt to Total Capital is recorded at 13.93, with Total Debt to Total Assets ending up at 1.82. Long-Term Debt to Equity for the company is recorded at 15.23, with the Long-Term Debt to Total Capital now at 13.10.
Reflecting on the efficiency of the workforce at the company, Western Alliance Bancorporation [WAL] managed to generate an average of $272,028 per employee.
Western Alliance Bancorporation [WAL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Western Alliance Bancorporation posted 1.19/share EPS, while the average EPS was predicted by analysts to be reported at 1.16/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WAL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Western Alliance Bancorporation go to 8.00%.
An analysis of insider ownership at Western Alliance Bancorporation [WAL]
There are presently around $3,797 million, or 86.90% of WAL stock, in the hands of institutional investors. The top three institutional holders of WAL stocks are: VANGUARD GROUP INC with ownership of 8,522,539, which is approximately 2.283% of the company’s market cap and around 1.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 6,959,012 shares of the stock with an approximate value of $309.68 million in WAL stocks shares; and BLACKROCK INC., currently with $185.54 million in WAL stock with ownership of nearly -2.914% of the company’s market capitalization.
153 institutional holders increased their position in Western Alliance Bancorporation [NYSE:WAL] by around 10,296,529 shares. Additionally, 219 investors decreased positions by around 12,269,523 shares, while 40 investors held positions by with 62,760,609 shares. The mentioned changes placed institutional holdings at 85,326,661 shares, according to the latest SEC report filing. WAL stock had 40 new institutional investments in for a total of 1,376,951 shares, while 85 institutional investors sold positions of 4,636,223 shares during the same period.