Western Alliance Bancorporation (NYSE:WAL) Price Target Raised to $101.00

Western Alliance Bancorporation (NYSE:WAL) had its target price increased by Keefe, Bruyette & Woods from $98.00 to $101.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Truist Financial set a $98.00 price target on shares of Western Alliance Bancorporation in a research note on Friday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $105.00 target price (up from $100.00) on shares of Western Alliance Bancorporation in a research report on Wednesday. Barclays lifted their price target on Western Alliance Bancorporation from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. UBS Group reissued a “buy” rating and issued a $107.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada raised their target price on Western Alliance Bancorporation from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Western Alliance Bancorporation has an average rating of “Moderate Buy” and an average target price of $103.80.

Western Alliance Bancorporation Price Performance

Shares of WAL opened at $89.05 on Wednesday. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.76 and a beta of 1.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 0.83. Western Alliance Bancorporation has a one year low of $57.05 and a one year high of $93.81. The stock’s fifty day moving average is $86.31 and its 200-day moving average is $83.78.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings data on Monday, January 26th. The financial services provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.19. The business had revenue of $913.50 million during the quarter, compared to the consensus estimate of $912.69 million. Western Alliance Bancorporation had a net margin of 18.04% and a return on equity of 13.33%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. Equities analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 13th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, November 13th. Western Alliance Bancorporation’s payout ratio is presently 19.24%.

Hedge Funds Weigh In On Western Alliance Bancorporation

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC increased its position in Western Alliance Bancorporation by 5.4% in the 2nd quarter. WCM Investment Management LLC now owns 234,809 shares of the financial services provider’s stock worth $18,226,000 after purchasing an additional 12,116 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Western Alliance Bancorporation by 17.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,842 shares of the financial services provider’s stock worth $327,000 after buying an additional 580 shares during the last quarter. William Blair Investment Management LLC raised its position in Western Alliance Bancorporation by 0.9% during the second quarter. William Blair Investment Management LLC now owns 2,313,336 shares of the financial services provider’s stock valued at $180,394,000 after acquiring an additional 20,704 shares in the last quarter. Congress Asset Management Co. lifted its stake in Western Alliance Bancorporation by 14.5% in the third quarter. Congress Asset Management Co. now owns 215,419 shares of the financial services provider’s stock valued at $18,681,000 after acquiring an additional 27,329 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its position in Western Alliance Bancorporation by 100.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the financial services provider’s stock worth $3,275,000 after acquiring an additional 21,000 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Key Western Alliance Bancorporation News

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

• Positive Sentiment: Citigroup raised its price target to $107 and kept a “buy” rating, implying roughly 20% upside from current levels — a clear vote of confidence that supports the stock. Article Title
• Positive Sentiment: DA Davidson increased its target to $105 and maintained a “buy” stance, signaling additional analyst conviction behind WAL’s growth and valuation case. Article Title
• Positive Sentiment: Company Q4 results and call highlighted record loan and deposit growth plus stronger fee income — fundamental momentum that supports earnings upside and valuation. Article Title
• Neutral Sentiment: JPMorgan Chase & Co. reiterated a “Neutral” rating on WAL, leaving their stance unchanged even as other firms raised targets — this provides mixed guidance rather than a clear bullish or bearish signal. Article Title
• Negative Sentiment: Separately, JPMorgan analysts flagged higher earnings-credit rates and rising deposit costs as risks and reported downgrades at the firm, raising investor concerns about margin compression and pressure on net interest margin — the primary near-term catalyst weighing on the stock. Article Title

About Western Alliance Bancorporation

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.