What is DA Davidson’s Forecast for WAL FY2025 Earnings?

Western Alliance Bancorporation (NYSE:WAL) – Equities researchers at DA Davidson upped their FY2025 earnings estimates for shares of Western Alliance Bancorporation in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $10.61 for the year, up from their previous estimate of $8.70. DA Davidson has a “Buy” rating and a $106.00 price target on the stock. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $8.86 per share.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company dropped their price objective on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada set a $99.00 target price on Western Alliance Bancorporation and gave the stock an “outperform” rating in a research note on Friday, October 18th. Barclays lifted their target price on Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler lowered their target price on Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, UBS Group assumed coverage on Western Alliance Bancorporation in a research note on Tuesday, December 17th. They set a “buy” rating and a $115.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Western Alliance Bancorporation presently has an average rating of “Moderate Buy” and a consensus target price of $97.07.

Western Alliance Bancorporation Price Performance

Shares of NYSE:WAL opened at $87.84 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $87.96 and its two-hundred day simple moving average is $84.52. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10. The stock has a market cap of $9.67 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp lifted its holdings in Western Alliance Bancorporation by 70.1% in the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Versant Capital Management Inc raised its stake in shares of Western Alliance Bancorporation by 13.4% in the fourth quarter. Versant Capital Management Inc now owns 1,325 shares of the financial services provider’s stock worth $111,000 after buying an additional 157 shares during the period. Pacer Advisors Inc. raised its stake in shares of Western Alliance Bancorporation by 1.0% in the fourth quarter. Pacer Advisors Inc. now owns 16,263 shares of the financial services provider’s stock worth $1,359,000 after buying an additional 163 shares during the period. CIBC Asset Management Inc raised its stake in shares of Western Alliance Bancorporation by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,387 shares of the financial services provider’s stock worth $283,000 after buying an additional 167 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $44,000 after buying an additional 187 shares during the period. 79.15% of the stock is owned by institutional investors.

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.