DA Davidson Reiterates “Buy” Rating for Western Alliance Bancorporation (NYSE:WAL)

Western Alliance Bancorporation (NYSE:WAL)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $90.00 target price on the financial services provider’s stock. DA Davidson’s target price suggests a potential upside of 8.65% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Piper Sandler reduced their price objective on Western Alliance Bancorporation from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Barclays dropped their target price 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. Weiss Ratings raised Western Alliance Bancorporation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Citigroup lifted their price target on Western Alliance Bancorporation from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Western Alliance Bancorporation from $93.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.41.

Western Alliance Bancorporation Trading Down 0.7%

WAL opened at $82.84 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.81. The company’s 50 day simple moving average is $80.40 and its two-hundred day simple moving average is $81.20. Western Alliance Bancorporation has a 1-year low of $65.82 and a 1-year high of $97.23. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.34.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.36 earnings per share for the quarter, hitting the consensus estimate of $2.36. The business had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $980.53 million. Western Alliance Bancorporation had a return on equity of 13.40% and a net margin of 17.20%.The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 EPS. Analysts expect that Western Alliance Bancorporation will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Ben Mucha sold 5,946 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $81.00, for a total value of $481,626.00. Following the completion of the transaction, the chief accounting officer directly owned 3,485 shares in the company, valued at approximately $282,285. This represents a 63.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.76% of the company’s stock.

Hedge Funds Weigh In On Western Alliance Bancorporation

Large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Western Alliance Bancorporation during the 4th quarter worth approximately $125,482,000. Price T Rowe Associates Inc. MD increased its holdings in Western Alliance Bancorporation by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,746,867 shares of the financial services provider’s stock valued at $735,350,000 after purchasing an additional 777,369 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Western Alliance Bancorporation by 7.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,450,408 shares of the financial services provider’s stock valued at $542,286,000 after purchasing an additional 470,492 shares during the last quarter. AQR Capital Management LLC raised its position in Western Alliance Bancorporation by 2,331.6% in the fourth quarter. AQR Capital Management LLC now owns 485,508 shares of the financial services provider’s stock valued at $40,817,000 after purchasing an additional 465,541 shares during the period. Finally, M&T Bank Corp raised its position in Western Alliance Bancorporation by 7,920.9% in the fourth quarter. M&T Bank Corp now owns 315,624 shares of the financial services provider’s stock valued at $26,535,000 after purchasing an additional 311,689 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

More Western Alliance Bancorporation News

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

• Positive Sentiment: Western Alliance’s Q2 earnings call highlighted strong loan growth and profitable growth, reinforcing the view that core business momentum remains healthy. Western Alliance Bancorp (WAL) Q2 2026 Earnings Call Highlights: Strong Loan Growth and …
• Positive Sentiment: JPMorgan raised its price target on Western Alliance to $93 from $90, suggesting further upside even though it kept a neutral rating. JPMorgan price target update for Western Alliance Bancorporation
• Positive Sentiment: DA Davidson reaffirmed a buy rating and maintained a $90 price target, signaling continued analyst confidence in the bank’s earnings power and valuation. DA Davidson rating update for Western Alliance Bancorporation
• Neutral Sentiment: Analyst coverage remains mixed across regional financial stocks, with Western Alliance included among names that still have differing views on credit quality and valuation. Analysts’ Opinions Are Mixed on These Financial Stocks: Western Alliance (WAL), GooseHead Insurance (GSHD) and KeyCorp (KEY)
• Neutral Sentiment: Regional bank earnings generally showed strong loan and deposit growth, which helped ease industry-wide credit concerns and created a more favorable backdrop for WAL. Regional banks report Q2 2026 earnings, easing credit concerns

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.