Western Alliance Bancorporation
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- Market Cap.:
- $5.26 billion
- Book Value:
- Revenue TTM:
- $2.51 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $2.47 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Western Alliance Bancorporation had its IPO on 2005-06-30 under the ticker symbol WAL.
The company operates in the Financial Services sector and Banks-Regional industry. Western Alliance Bancorporation has a staff strength of 3,336 employees.
Shares of Western Alliance Bancorporation opened at $47.97 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $47.67 - $49.35, and closed at $49.14.
This is a +2.33% increase from the previous day's closing price.
A total volume of 1,289,824 shares were traded at the close of the day’s session.
In the last one week, shares of Western Alliance Bancorporation have slipped by -3.87%.
Western Alliance Bancorporation's Key Ratios
Western Alliance Bancorporation has a market cap of $5.26 billion, indicating a price to book ratio of 1.2965 and a price to sales ratio of 2.6805.
In the last 12-months Western Alliance Bancorporation’s revenue was $2.51 billion with a gross profit of $2.47 billion and an EBITDA of $0. The EBITDA ratio measures Western Alliance Bancorporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Western Alliance Bancorporation’s operating margin was 47.38% while its return on assets stood at 1.36% with a return of equity of 17.19%.
In Q2, Western Alliance Bancorporation’s quarterly earnings growth was a negative -18% while revenue growth was a positive 9.3%.
Western Alliance Bancorporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $8.33 per share while it has a forward price to earnings multiple of 5.015 and a PEG multiple of 1.84. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Western Alliance Bancorporation’s profitability.
Western Alliance Bancorporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.6805.
Western Alliance Bancorporation stock pays annual dividends of $1.44 per share, indicating a yield of 2.99% and a payout ratio of 15.4%.
Balance sheet and cash flow metrics
- Total Assets
- $68.16 billion
- Total Liabilities
- $800.00 million
- Operating Cash Flow
- Capital Expenditure
- $32.30 million
- Dividend Payout Ratio
Western Alliance Bancorporation ended 2023 with $68.16 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $68.16 billion while shareholder equity stood at $5.69 billion.
Western Alliance Bancorporation ended 2023 with $0 in deferred long-term liabilities, $800.00 million in other current liabilities, 2064000000.00 in common stock, $3.94 billion in retained earnings and $674.00 million in goodwill. Its cash balance stood at $2.15 billion and cash and short-term investments were $2.15 billion. The company’s total short-term debt was $6,317,000,000 while long-term debt stood at $10.46 billion.
Western Alliance Bancorporation’s total current assets stands at $2.15 billion while long-term investments were $10.37 billion and short-term investments were $8.63 billion. Its net receivables were $0 compared to accounts payable of $800.00 million and inventory worth $0.
In 2023, Western Alliance Bancorporation's operating cash flow was $-1713700000.00 while its capital expenditure stood at $32.30 million.
Comparatively, Western Alliance Bancorporation paid $0.15 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Western Alliance Bancorporation stock is currently trading at $49.14 per share. It touched a 52-week high of $79.1636 and a 52-week low of $79.1636. Analysts tracking the stock have a 12-month average target price of $58.63.
Its 50-day moving average was $47.24 and 200-day moving average was $48.78 The short ratio stood at 2.59 indicating a short percent outstanding of 0%.
Around 173.6% of the company’s stock are held by insiders while 8041.7% are held by institutions.
Frequently Asked Questions About Western Alliance Bancorporation
Similar Industry Stocks (Banks-Regional)
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.