Western Alliance Bancorporation (WAL) to Release Quarterly Earnings on Monday

Western Alliance Bancorporation (NYSE:WAL) is projected to post its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect Western Alliance Bancorporation to post earnings of $1.92 per share and revenue of $804,880.16 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Western Alliance Bancorporation Price Performance

NYSE:WAL opened at $92.00 on Friday. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.88 and a beta of 1.46. The firm’s fifty day moving average is $88.03 and its two-hundred day moving average is $83.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. Western Alliance Bancorporation has a one year low of $53.75 and a one year high of $98.10.

Western Alliance Bancorporation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 1.65%. Western Alliance Bancorporation’s payout ratio is presently 23.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WAL. Royal Bank of Canada set a $99.00 target price on Western Alliance Bancorporation and gave the company an “outperform” rating in a research report on Friday, October 18th. Barclays increased their price target on Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Truist Financial reduced their price objective on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company lowered their price objective on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Western Alliance Bancorporation presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.31.

About Western Alliance Bancorporation

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 through Commercial and Consumer Related 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; demand deposits; and treasury management and residential mortgage products and services.