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

Western Alliance Bancorporation (NYSE:WAL) – Investment analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Western Alliance Bancorporation in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $8.70 per share for the year, down from their previous forecast of $8.85. The consensus estimate for Western Alliance Bancorporation’s current full-year earnings is $7.14 per share.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company boosted their price target on Western Alliance Bancorporation from $92.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens reissued an “overweight” rating and issued a $102.00 target price on shares of Western Alliance Bancorporation in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and raised their target price for the company from $83.00 to $101.00 in a research note on Monday, October 7th. Piper Sandler decreased their price target on shares of 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, Wedbush increased their price objective 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.75.

Western Alliance Bancorporation Price Performance

Shares of Western Alliance Bancorporation stock opened at $82.86 on Friday. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.41 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $89.22 and its 200-day simple moving average is $79.18. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). Western Alliance Bancorporation had a net margin of 14.66% and a return on equity of 13.16%. The firm had revenue of $833.10 million for the quarter, compared to the consensus estimate of $811.40 million.

Western Alliance Bancorporation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. Western Alliance Bancorporation’s dividend payout ratio is presently 23.46%.

Institutional Investors Weigh In On Western Alliance Bancorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Western Alliance Bancorporation by 46.2% during the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider’s stock worth $388,197,000 after acquiring an additional 1,418,472 shares during the period. FMR LLC increased its position in Western Alliance Bancorporation by 93.3% during the 3rd quarter. FMR LLC now owns 2,793,014 shares of the financial services provider’s stock valued at $241,568,000 after purchasing an additional 1,347,921 shares during the period. LHM Inc. boosted its stake in shares of Western Alliance Bancorporation by 2,141.1% during the second quarter. LHM Inc. now owns 757,809 shares of the financial services provider’s stock valued at $47,606,000 after purchasing an additional 723,995 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Western Alliance Bancorporation by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,722,389 shares of the financial services provider’s stock worth $233,832,000 after buying an additional 636,577 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Western Alliance Bancorporation by 6,342.7% during the 3rd quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider’s stock valued at $44,522,000 after acquiring an additional 506,778 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

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.