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WAL

WAL - Western Alliance Bancorp Stock Price, Fair Value and News

64.19USD-0.03 (-0.05%)Market Closed

Market Summary

WAL
USD64.19-0.03
Market Closed
-0.05%

WAL Alerts

  • Big fall in earnings (Y/Y)

WAL Stock Price

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WAL RSI Chart

WAL Valuation

Market Cap

7.1B

Price/Earnings (Trailing)

9.79

Price/Sales (Trailing)

1.75

EV/EBITDA

1.65

Price/Free Cashflow

-21.52

WAL Price/Sales (Trailing)

WAL Profitability

EBT Margin

23.14%

Return on Equity

11.89%

Return on Assets

1.02%

Free Cashflow Yield

-4.65%

WAL Fundamentals

WAL Revenue

Revenue (TTM)

4.0B

Rev. Growth (Yr)

16.96%

Rev. Growth (Qtr)

1.21%

WAL Earnings

Earnings (TTM)

722.4M

Earnings Growth (Yr)

-49.52%

Earnings Growth (Qtr)

-31.72%

Breaking Down WAL Revenue

Last 7 days

10.7%

Last 30 days

9.3%

Last 90 days

-2.4%

Trailing 12 Months

96.8%

How does WAL drawdown profile look like?

WAL Financial Health

WAL Investor Care

Dividend Yield

2.26%

Dividend/Share (TTM)

1.45

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

6.54

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.2B3.6B3.9B4.0B
20221.8B2.0B2.3B2.7B
20211.3B1.4B1.5B1.7B
20201.2B1.3B1.2B1.3B
20191.1B1.1B1.2B1.2B
2018887.9M932.6M980.0M1.0B
2017738.5M771.4M804.5M845.5M
2016568.4M625.9M664.4M700.5M
2015428.6M443.3M484.0M525.1M
2014378.2M390.9M403.8M416.4M
2013324.0M335.4M349.4M362.7M
2012302.1M306.3M310.8M318.3M
2011285.0M288.7M292.1M296.6M
20100278.0M279.9M281.8M
2009000276.0M

Tracking the Latest Insider Buys and Sells of Western Alliance Bancorp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 15, 2024
nachlas emily
acquired
-
-
72.00
chief risk officer
Mar 15, 2024
curley stephen russell
back to issuer
-9,566
57.98
-165
chief banking ofc.-nbl
Mar 15, 2024
jarvi jessica h
acquired
-
-
58.00
clo & secretary
Mar 15, 2024
vecchione kenneth
acquired
-
-
539
president and ceo
Mar 15, 2024
bruckner tim r
back to issuer
-9,160
57.98
-158
cbo for regional banking
Mar 15, 2024
nachlas emily
back to issuer
-4,174
57.98
-72.00
chief risk officer
Mar 15, 2024
kennedy barbara
acquired
-
-
101
chief human resources officer
Mar 15, 2024
curley stephen russell
acquired
-
-
165
chief banking ofc.-nbl
Mar 15, 2024
gibbons dale
back to issuer
-16,524
57.98
-285
vice chairman and cfo
Mar 15, 2024
bruckner tim r
acquired
-
-
158
cbo for regional banking

1–10 of 50

Which funds bought or sold WAL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-3.99
68,072
250,068
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
sold off
-100
-4,873,230
-
-%
Mar 13, 2024
Global Frontier Investments LLC
unchanged
-
5,649,000
18,750,000
6.44%
Mar 11, 2024
VANGUARD GROUP INC
added
0.23
200,157,000
660,881,000
0.01%
Mar 04, 2024
CONGRESS ASSET MANAGEMENT CO /MA
added
0.59
4,356,000
14,265,400
0.11%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
101
9,149,860
14,025,100
-%
Feb 29, 2024
Scarborough Advisors, LLC
new
-
2,829
2,829
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-2.52
16,562
58,487
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
40.96
1,009,000
2,000,000
0.02%
Feb 26, 2024
CENTAURUS FINANCIAL, INC.
reduced
-5.5
60,000
230,000
0.02%

1–10 of 43

Are Funds Buying or Selling WAL?

Are funds buying WAL calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WAL
No. of Funds

Unveiling Western Alliance Bancorp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 07, 2024
blackrock inc.
4.9%
5,428,967
SC 13G/A
Feb 16, 2024
t. rowe price investment management, inc.
3.1%
3,394,544
SC 13G/A
Feb 16, 2024
price t rowe associates inc /md/
4.0%
4,395,134
SC 13G/A
Feb 14, 2024
t. rowe price investment management, inc.
3.1%
3,394,544
SC 13G
Feb 14, 2024
citadel advisors llc
2.3%
6
SC 13G/A
Feb 14, 2024
price t rowe associates inc /md/
4.0%
4,395,134
SC 13G/A
Feb 13, 2024
vanguard group inc
9.18%
10,045,309
SC 13G/A
Feb 09, 2024
capital international investors
0.0%
0
SC 13G/A
Jan 31, 2024
blackrock inc.
5.1%
5,609,122
SC 13G
Mar 14, 2023
citadel advisors llc
5.3%
6
SC 13G

Recent SEC filings of Western Alliance Bancorp

View All Filings
Date Filed Form Type Document
Mar 28, 2024
PX14A6G
PX14A6G
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading

Peers (Alternatives to Western Alliance Bancorp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
576.9B
171.1B
8.86% 60.36%
11.64
3.37
60.72% 31.52%
298.5B
130.3B
11.79% 39.72%
11.26
2.29
79.51% -3.68%
207.3B
85.7B
7.61% 59.98%
10.83
2.42
41.49% 39.96%
120.9B
133.3B
13.07% 46.69%
13.1
0.91
79.09% -
16.6B
10.2B
16.50% 16.69%
10.35
1.63
44.53% -22.43%
14.8B
7.9B
10.87% 33.31%
15.27
1.86
46.47% -49.56%
MID-CAP
7.3B
4.2B
11.00% 36.11%
8.27
1.75
56.25% -23.46%
6.4B
3.9B
11.20% 53.63%
9.46
1.63
45.91% -25.03%
3.3B
1.3B
5.45% 31.57%
12.41
2.61
43.24% -22.35%
3.2B
2.0B
4.27% 20.10%
17.76
1.66
70.97% -50.03%
SMALL-CAP
507.7M
120.2M
6.49% 49.20%
19.41
4.22
25.23% -24.02%
430.9M
164.9M
0.46% 34.09%
36.84
2.61
42.66% -70.76%
414.2M
162.6M
1.91% -1.03%
13.77
2.55
25.39% -38.37%
319.8M
96.6M
4.74% 17.87%
10.09
3.31
11.02% -11.37%
44.6M
60.9M
-9.09% -20.97%
-13.32
0.73
24.06% -144.92%

Western Alliance Bancorp News

Latest updates
Defense World • 59 minutes ago
GuruFocus.com • 06 Mar 2024 • 08:00 am
InvestorsObserver • 31 Jan 2024 • 08:00 am

Western Alliance Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.2%1,0391,0271,001969888739580485483443399334332305318307315316303291282
EBITDA Margin-9.2%0.83*0.91*1.00*1.15*1.33*1.46*1.56*1.61*1.63*1.66*1.63*1.55*---------
Interest Expenses0.8%592587550610640602525450451410371317315285298269272266255247244
Income Taxes2.9%63.0061.0044.0042.0072.0066.0063.0058.0064.0066.0052.0042.0047.0031.0020.0019.0026.0029.0025.0026.0021.00
Earnings Before Taxes-24.1%211278260185365330324298310302276234241167113102154156148146140
EBT Margin-17.3%0.23*0.28*0.32*0.38*0.49*0.55*0.62*0.66*0.68*0.70*0.67*0.59*---------
Net Income-31.7%14821721614229326426024024623722419319413693.0084.00128127123121119
Net Income Margin-19.8%0.18*0.22*0.25*0.30*0.39*0.44*0.49*0.52*0.54*0.56*0.54*0.48*---------
Free Cashflow144.3%341-769457-357794491337623615-2,145-1,223100---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.0%70,86270,89168,16071,04767,73469,16566,05560,57655,98352,77549,06943,39736,46133,33631,90629,15826,82226,32425,31523,79323,109
    Cash Equivalents-54.9%1,5763,4972,1533,6391,0431,6101,8862,6025169183,3965,3472,6721,4191,5194164358721,068786499
  Net PPE3.7%339327315293276237210196182161150138134128128126126125123120119
  Goodwill-----------------290290290290290
Liabilities-0.6%64,78465,14562,47565,52662,37864,14461,09655,56551,02048,26145,03539,68433,04830,11228,80426,15923,80523,40122,46421,07220,496
Shareholder's Equity5.8%6,0785,7465,6855,5215,3565,0214,9595,0124,9634,5144,0353,7133,4143,2243,1023,0003,0172,9232,8512,7212,614
  Retained Earnings2.5%4,2154,1113,9373,7643,6643,4133,1912,9732,7732,5672,3672,1692,0011,8331,7221,6621,6801,5821,5141,3991,283
  Additional Paid-In Capital--------------1,3841,3771,3711,3741,3681,3721,3911,418
Shares Outstanding0%108108108108107107107106103102102101---------
Float---3,790---7,260---9,040---3,540---4,280--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations144.3%341-769457-357794491337623615-2,145-1,223100220167159124183204179151145
  Share Based Compensation0%9.009.0010.006.0010.009.0011.0010.0010.008.0010.008.007.008.006.007.008.004.005.006.0010.00
Cashflow From Investing-2246.2%-1,88088.00-1,7131,347491-3,927-7,095-2,597-4,043-4,446-2,162-4,058-1,945-1,533-1,662-2,395-947-1,330-1,092-351-1,071
Cashflow From Financing-114.9%-3822,559-2,7423,586-1,8513,1616,0424,0613,0274,1141,4366,6342,9791,2672,6062,2533279311,196487725
  Dividend Payments2.6%44.0043.0043.0043.0042.0042.0041.0041.0040.0037.0026.0025.0025.0025.0025.0026.0026.0026.00---
  Buy Backs---------------0.109.0063.0039.0044.00-33.9638.0036.00

WAL Income Statement

2023-12-31
CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:   
Loans, including fees$ 3,409.7$ 2,393.4$ 1,488.8
Investment securities459.9265.6158.6
Dividends and other165.732.811.3
Total interest income4,035.32,691.81,658.7
Interest expense:   
Deposits1,142.6276.447.5
Qualifying debt37.935.033.1
Other borrowings515.9164.129.3
Total interest expense1,696.4475.5109.9
Net interest income2,338.92,216.31,548.8
Provision for (recovery of) credit losses(62.6)(68.1)21.4
Net interest income after provision for credit losses2,276.32,148.21,570.2
Non-interest income:   
Net gain on loan origination and sale activities193.5104.0326.2
Net loan servicing revenue (expense)102.3130.9(16.3)
Service charges and fees76.327.028.3
Commercial banking related income23.721.517.4
Income from equity investments15.717.822.1
(Loss) gain on recovery from credit guarantees(2.2)14.77.2
(Loss) gain on sales of investment securities(40.8)6.88.3
Fair value loss adjustments, net(116.0)(28.6)(1.3)
Other income28.230.512.3
Non-interest income (loss)280.7324.6404.2
Non-interest expense:   
Salaries and employee benefits566.3539.5466.7
Legal, professional, and directors' fees107.299.958.6
Occupancy65.655.543.8
Deposit costs436.7165.829.8
Data processing122.083.058.2
Loan servicing expenses58.855.553.5
Insurance190.431.123.0
Loan acquisition and origination expenses20.423.128.8
Business development and marketing21.822.113.5
Extinguishment of debt(52.7)0.05.9
Acquisition and restructure expenses0.00.415.3
Other expense86.980.854.3
Total non-interest expense1,623.41,156.7851.4
Income (loss) before provision for income taxes933.61,316.11,123.0
Income tax expense211.2258.8223.8
Net income722.41,057.3899.2
Dividends on preferred stock12.812.83.5
Net income available to common stockholders$ 709.6$ 1,044.5$ 895.7
Earnings per share:   
Earnings per share, basic (dollars per share)$ 6.55$ 9.74$ 8.72
Earnings per share, diluted (dollars per share)$ 6.54$ 9.70$ 8.67
Weighted average number of common shares outstanding:   
Weighted average number of common shares outstanding, basic (shares)108.3107.2102.7
Weighted average number of common shares outstanding, diluted (shares)108.5107.6103.3
Dividends declared per common share   
Dividends declared per common share (dollars per share)$ 1.45$ 1.42$ 1.20

WAL Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets:  
Cash and due from banks$ 276.0$ 259.0
Interest-bearing deposits in other financial institutions1,300.0784.0
Cash and cash equivalents1,576.01,043.0
Fair value11,165.07,092.0
Amortized cost1,421.01,284.0
Investment securities - equity126.0160.0
Investments in restricted stock, at cost281.0224.0
Loans HFS1,402.01,184.0
Loans:  
Loans HFI, net of deferred fees and costs50,297.051,862.0
Less: allowance for credit losses(336.7)(309.7)
Net loans held for investment49,960.051,552.0
Mortgage servicing rights1,124.01,148.0
Premises and equipment, net339.0276.0
Operating lease right of use asset145.0163.0
Bank owned life insurance186.0182.0
Goodwill and intangible assets, net669.0680.0
Deferred tax assets, net287.0311.0
Investments in LIHTC and renewable energy573.0624.0
Other assets1,608.01,811.0
Total assets70,862.067,734.0
Deposits:  
Non-interest-bearing demand14,520.019,691.0
Interest-bearing40,813.033,953.0
Total deposits55,333.053,644.0
Other borrowings7,230.06,299.0
Qualifying debt895.0893.0
Operating lease liability179.0185.0
Other liabilities1,147.01,357.0
Total liabilities64,784.062,378.0
Commitments and contingencies
Stockholders’ equity:  
Preferred stock (par value $0.0001 and liquidation value per share of $25; 20,000,000 authorized; 12,000,000 depositary shares issued and outstanding at December 31, 2023 and 2022)295.0295.0
Common stock (par value $0.0001; 200,000,000 authorized; 112,169,523 and 111,465,292 shares issued at December 31, 2023 and 2022, respectively) and additional paid in capital2,197.02,163.0
Treasury stock, at cost (2,703,218 and 2,550,766 shares at December 31, 2023 and 2022, respectively)(116.0)(105.0)
Accumulated other comprehensive loss(513.0)(661.0)
Retained earnings4,215.03,664.0
Total stockholders’ equity6,078.45,356.0
Total liabilities and stockholders’ equity$ 70,862.0$ 67,734.0
WAL
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. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
 CEO
 WEBSITEwww.westernalliancebancorporation.com
 EMPLOYEES3336

Western Alliance Bancorp Frequently Asked Questions


What is the ticker symbol for Western Alliance Bancorp? What does WAL stand for in stocks?

WAL is the stock ticker symbol of Western Alliance Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Western Alliance Bancorp (WAL)?

As of Thu Mar 28 2024, market cap of Western Alliance Bancorp is 7.07 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WAL stock?

You can check WAL's fair value in chart for subscribers.

What is the fair value of WAL stock?

You can check WAL's fair value in chart for subscribers. The fair value of Western Alliance Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Western Alliance Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WAL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Western Alliance Bancorp a good stock to buy?

The fair value guage provides a quick view whether WAL is over valued or under valued. Whether Western Alliance Bancorp is cheap or expensive depends on the assumptions which impact Western Alliance Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WAL.

What is Western Alliance Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Mar 28 2024, WAL's PE ratio (Price to Earnings) is 9.79 and Price to Sales (PS) ratio is 1.75. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WAL PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Western Alliance Bancorp's stock?

In the past 10 years, Western Alliance Bancorp has provided 0.11 (multiply by 100 for percentage) rate of return.