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

Western Alliance Bancorporation (NYSE:WAL) – Stock analysts at DA Davidson raised their FY2025 earnings per share estimates for Western Alliance Bancorporation in a research report issued to clients and investors 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 currently 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.

WAL has been the subject of a number of other research reports. Stephens reiterated an “overweight” rating and issued a $103.00 target price on shares of Western Alliance Bancorporation in a report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Truist Financial decreased their price target on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised Western Alliance Bancorporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $83.00 to $101.00 in a research report on Monday, October 7th. Finally, UBS Group initiated coverage on Western Alliance Bancorporation in a research report on Tuesday, December 17th. They issued a “buy” rating and a $115.00 price target for the company. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.07.

Western Alliance Bancorporation Price Performance

Shares of Western Alliance Bancorporation stock opened at $87.84 on Monday. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46. 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 50 day moving average price of $87.96 and a 200-day moving average price of $84.52. Western Alliance Bancorporation has a one year low of $53.75 and a one year high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates 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 Investors Weigh In On Western Alliance Bancorporation

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of Western Alliance Bancorporation by 9.3% during the 4th quarter. New York State Common Retirement Fund now owns 96,839 shares of the financial services provider’s stock worth $8,090,000 after buying an additional 8,201 shares during the last quarter. Angel Oak Capital Advisors LLC acquired a new stake in shares of Western Alliance Bancorporation during the fourth quarter valued at about $919,000. Venturi Wealth Management LLC lifted its position in shares of Western Alliance Bancorporation by 86.4% during the fourth quarter. Venturi Wealth Management LLC now owns 5,649 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 2,618 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Western Alliance Bancorporation by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,387 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 167 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Western Alliance Bancorporation by 4.3% in the fourth quarter. Sanctuary Advisors LLC now owns 7,431 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds 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.