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Western Alliance Bancorporation (WAL)
84  -0.41 (-0.49%)    10-07 16:00
Open: 85.51
High: 85.51
Volume: 868,956
  
Pre. Close: 84.41
Low: 83.31
Market Cap: 9,247(M)
Technical analysis
2024-10-07 4:46:20 PM
Short term     
Mid term     
Targets 6-month :  103.85 1-year :  121.3
Resists First :  88.91 Second :  103.85
Pivot price 84.99
Supports First :  81.71 Second :  77.26
MAs MA(5) :  83.58 MA(20) :  83.84
MA(100) :  72.42 MA(250) :  63.25
MACD MACD :  1.2 Signal :  1.6
%K %D K(14,3) :  35.6 D(3) :  40.6
RSI RSI(14): 54
52-week High :  88.91 Low :  38.81
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ WAL ] has closed above bottom band by 34.6%. Bollinger Bands are 34.4% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 85.75 - 86.23 86.23 - 86.61
Low: 81.84 - 82.51 82.51 - 83.06
Close: 83.01 - 84.01 84.01 - 84.82
Company Description

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Headline News

Mon, 07 Oct 2024
Western Alliance raised to Buy at Deutsche due to rate cuts, soft landing - MSN

Mon, 07 Oct 2024
Western Alliance raised to Buy at Deutsche due to rate cuts, soft landing (NYSE:WAL) - Seeking Alpha

Mon, 07 Oct 2024
Deutsche Bank Aktiengesellschaft Upgrades Western Alliance Bancorporation (NYSE:WAL) to "Buy" - MarketBeat

Mon, 07 Oct 2024
Western Alliance Bancorporation Expected to Post FY2024 Earnings of $7.38 Per Share (NYSE:WAL) - MarketBeat

Fri, 04 Oct 2024
Institutional investors may overlook Western Alliance Bancorporation's (NYSE:WAL) recent US$286m market cap drop as long-term gains remain positive - Simply Wall St

Mon, 30 Sep 2024
Western Alliance Bancorporation's SWOT analysis: mid-cap bank stock shows growth amid challenges - Investing.com

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 110 (M)
Shares Float 103 (M)
Held by Insiders 2.7 (%)
Held by Institutions 83.2 (%)
Shares Short 5,130 (K)
Shares Short P.Month 5,180 (K)
Stock Financials
EPS 6.63
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 55.29
Profit Margin 26 %
Operating Margin 38.3 %
Return on Assets (ttm) 0.9 %
Return on Equity (ttm) 12.2 %
Qtrly Rev. Growth 13.5 %
Gross Profit (p.s.) 0
Sales Per Share 25.7
EBITDA (p.s.) 0
Qtrly Earnings Growth -10.7 %
Operating Cash Flow -1,280 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 12.65
PEG Ratio 1.5
Price to Book value 1.51
Price to Sales 3.26
Price to Cash Flow -7.23
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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