Keefe, Bruyette & Woods Issues Positive Forecast for Western Alliance Bancorporation (NYSE:WAL) Stock Price

Western Alliance Bancorporation (NYSE:WAL) had its price target raised by Keefe, Bruyette & Woods from $93.00 to $94.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on WAL. National Alliance Securities restated a “buy” rating on shares of Western Alliance Bancorporation in a report on Friday, March 6th. Piper Sandler reduced their price objective on Western Alliance Bancorporation from $108.00 to $94.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company upgraded Western Alliance Bancorporation from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $83.00 to $79.00 in a report on Monday, March 9th. Barclays reduced their price objective on Western Alliance Bancorporation from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Weiss Ratings cut Western Alliance Bancorporation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Western Alliance Bancorporation has a consensus rating of “Moderate Buy” and an average target price of $93.43.

Western Alliance Bancorporation Trading Up 1.9%

Shares of NYSE:WAL opened at $79.83 on Thursday. Western Alliance Bancorporation has a 12-month low of $65.82 and a 12-month high of $97.23. The stock has a market cap of $8.77 billion, a PE ratio of 9.29, a P/E/G ratio of 0.70 and a beta of 1.37. The business has a 50 day moving average of $77.24 and a 200-day moving average of $81.59. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.88.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Western Alliance Bancorporation had a return on equity of 13.58% and a net margin of 17.03%.The company had revenue of $968.40 million during the quarter, compared to analysts’ expectations of $944.18 million. During the same quarter in the previous year, the company posted $1.79 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. As a group, equities research analysts forecast that Western Alliance Bancorporation will post 9.74 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 20th. Western Alliance Bancorporation’s payout ratio is 19.24%.

Institutional Investors Weigh In On Western Alliance Bancorporation

Several institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Western Alliance Bancorporation by 1.9% in the fourth quarter. Quadrant Capital Group LLC now owns 6,008 shares of the financial services provider’s stock valued at $505,000 after buying an additional 113 shares during the period. Ritholtz Wealth Management raised its position in Western Alliance Bancorporation by 4.6% during the fourth quarter. Ritholtz Wealth Management now owns 3,030 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 133 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Western Alliance Bancorporation by 4.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,342 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 134 shares in the last quarter. Silver Oak Securities Incorporated raised its position in Western Alliance Bancorporation by 1.0% during the third quarter. Silver Oak Securities Incorporated now owns 14,318 shares of the financial services provider’s stock valued at $1,242,000 after purchasing an additional 138 shares in the last quarter. Finally, Salzhauer Michael raised its position in Western Alliance Bancorporation by 0.3% during the third quarter. Salzhauer Michael now owns 44,815 shares of the financial services provider’s stock valued at $3,886,000 after purchasing an additional 152 shares in the last quarter. 79.15% of the stock is currently owned by institutional investors.

Trending Headlines about Western Alliance Bancorporation

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Q1 results beat expectations — WAL reported a sizable EPS beat and revenue above consensus, with revenue up ~31% year?over?year and management highlighting deposit growth and continued loan activity; this underpins the rally in the stock. Read More.
• Positive Sentiment: Analyst support lifted — Keefe, Bruyette & Woods raised its price target to $94 with an “outperform” rating, and DA Davidson reaffirmed a buy with a $93 target, signaling analyst confidence in upside vs. current levels. Read More.
• Positive Sentiment: Management materials and buy?side notes emphasize growth momentum — the earnings presentation and third?party summaries highlight continued revenue and deposit momentum, which supports medium?term earnings power. Read More.
• Neutral Sentiment: Street consensus remains constructive but mixed — the average analyst recommendation is around “Moderate Buy,” implying upside but not unanimous conviction. Read More.
• Neutral Sentiment: Full transcripts and deep dives are available for investors wanting granular detail on loan mix, deposit cadence and capital metrics. These will guide whether current strength is sustainable. Read More.
• Negative Sentiment: Notable fund exit — Riverwater Sustainable Value exited its WAL position in Q1, a signal that at least one institutional manager reduced exposure, which can add selling pressure or signal concerns about valuation/positioning. Read More.
• Negative Sentiment: Fraud charge?offs and mixed quarter elements — independent deep dives flagged elevated fraud charge?offs that tempered the quarter’s positivity and represent a potential near?term earnings/headline risk. Read More.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.