Western Alliance Bancorporation [NYSE: WAL] slipped around -9.2 points on Thursday, while shares priced at $62.36 at the close of the session, down -12.86%. The company report on January 24, 2023 that Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2022 Financial Results.
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Western Alliance Bancorporation (NYSE:WAL):.
Western Alliance Bancorporation stock is now 4.70% up from its year-to-date (YTD) trading value. WAL Stock saw the intraday high of $70.225 and lowest of $61.37 per share. The company’s 52-week high price is 89.26, which means current price is +6.87% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 923.82K shares, WAL reached a trading volume of 4550321 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $87.18 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 1.80. 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.
JP Morgan have made an estimate for Western Alliance Bancorporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2022. The new note on the price target was released on June 30, 2022, representing the official price target for Western Alliance Bancorporation stock. Previously, the target price had yet another raise to $150, while BofA Securities analysts kept a Buy rating on WAL stock.
The Average True Range (ATR) for Western Alliance Bancorporation is set at 2.82, with the Price to Sales ratio for WAL stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 17.63. Price to Free Cash Flow for WAL in the course of the last twelve months was 3.43.
How has WAL stock performed recently?
Western Alliance Bancorporation [WAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.76. With this latest performance, WAL shares dropped by -20.52% in over the last four-week period, additionally sinking by -16.70% over the last 6 months – not to mention a drop of -21.49% 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 28.19, with the RSI for the last a single of trading hit 18.80, and the three-weeks RSI is set at 35.20 for Western Alliance Bancorporation [WAL]. The present Moving Average for the last 50 days of trading for this stock 69.85, while it was recorded at 71.37 for the last single week of trading, and 71.19 for the last 200 days.
Western Alliance Bancorporation [WAL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Western Alliance Bancorporation [WAL] shares currently have an operating margin of +53.59. Western Alliance Bancorporation’s Net Margin is presently recorded at +34.44.
Return on Equity for this stock inclined to 20.49, with Return on Assets sitting at 1.70.
Earnings analysis for Western Alliance Bancorporation [WAL]
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%.
Insider trade positions for Western Alliance Bancorporation [WAL]
There are presently around $5,998 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 10,092,749, which is approximately 1.939% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 6,617,466 shares of the stock with an approximate value of $412.67 million in WAL stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $396.67 million in WAL stock with ownership of nearly -27.992% of the company’s market capitalization.
Positions in Western Alliance Bancorporation stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 205 institutional holders increased their position in Western Alliance Bancorporation [NYSE:WAL] by around 12,114,360 shares. Additionally, 181 investors decreased positions by around 9,414,733 shares, while 52 investors held positions by with 74,657,578 shares. The mentioned changes placed institutional holdings at 96,186,671 shares, according to the latest SEC report filing. WAL stock had 70 new institutional investments in for a total of 4,195,000 shares, while 55 institutional investors sold positions of 1,428,753 shares during the same period.