Analysts Rating: Western Alliance Bancorp (NYSE:WAL) Stock Won “an Overweight” Rating From Barclays

Barclays raised the price target for the Western Alliance Bancorp (NYSE:WAL) stock to “an Overweight”. The rating was released on March 08, 2024, according to finviz. We previously noted in another research note published on January 30, 2024 by Wells Fargo that downgraded the stock from an Overweight to an Equal weight with a price target of $72 for WAL stock. The research report from Citigroup has initiated the stock to Buy, with a price target set at $61. The stock was resumed by Piper Sandler, who disclosed in a research note on August 25, 2023, to Overweight and set the price objective to $60. In their research brief published June 28, 2023, Deutsche Bank analysts initiated the Western Alliance Bancorp stock to Hold with a price target of $41.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.91 during the last quarter as opposed to a consensus estimate of $1.88, which indicates the company beat its estimate by $0.03, which implies that the company surprised the market by 1.60%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $1.67. This is an average of 15 analysts’ earnings, where the high earnings per share estimate is $1.87 and the low earnings per share estimate is $1.53. According to 12 analyst estimates, an average revenue estimate of $697.72M is projected for the current quarter with a high revenue estimate of $722M and a low estimate of $600M.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 1.05% within the last five trades and 12.22% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 45.56% in the last 6 months and -4.32% was subtracted to its value over the previous 3 months. WAL stock is trading at a margin of 7.72%, 5.41% and 23.99% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, WAL deals in the Financial domain. The stock is trading -8.60 percent below its 52-week high and 465.55 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 74.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Western Alliance Bancorp’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 20.01 percent and the profit margin is 16.05 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $7.07 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Western Alliance Bancorp (NYSE:WAL) is 9.81. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 6.79. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.60 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.22, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.65 percent of Western Alliance Bancorp shares are owned by insiders, and 82.36 percent are held by financial institutions. LATTA ROBERT P, the Director at Western Alliance Bancorp (WAL) has sold 5,370 shares of firm on Dec 11 ’23 at a price of $56.07 against the total amount of $0.3 million.

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