Western Alliance Bancorporation (WAL) Projected to Post Quarterly Earnings on Monday

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

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The company had revenue of $833.10 million for the quarter, compared to analyst estimates of $811.40 million. Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%. On average, analysts expect Western Alliance Bancorporation to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Western Alliance Bancorporation Stock Performance

NYSE WAL opened at $89.61 on Monday. The firm has a 50-day moving average of $88.11 and a 200-day moving average of $82.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. The stock has a market cap of $9.86 billion, a PE ratio of 13.83, a P/E/G ratio of 0.75 and a beta of 1.46. Western Alliance Bancorporation has a 52-week low of $53.75 and a 52-week high of $98.10.

Western Alliance Bancorporation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.38 dividend. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.70%. Western Alliance Bancorporation’s payout ratio is 23.46%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler decreased their target price on shares of Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. UBS Group began coverage on shares of Western Alliance Bancorporation in a report on Tuesday, December 17th. They set a “buy” rating and a $115.00 price target on the stock. Wedbush lifted their price target on shares of Western Alliance Bancorporation from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $83.00 to $101.00 in a report on Monday, October 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $102.00 price target on shares of Western Alliance Bancorporation in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.31.

Western Alliance Bancorporation Company Profile

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.