Western Alliance Bancorp (WAL) with a beta value of 1.46 appears to be a promising investment opportunity.

Western Alliance Bancorp (NYSE: WAL) on Friday, soared 2.12% from the previous trading day, before settling in for the closing price of $82.86. Within the past 52 weeks, WAL’s price has moved between $53.75 and $98.10.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 34.24%. The company achieved an average annual earnings per share of 8.10%. With a float of $108.41 million, this company’s outstanding shares have now reached $110.07 million.

Considering the fact that the conglomerate employs 3260 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 115.34%, operating margin of 38.28%, and the pretax margin is 22.79%.

Western Alliance Bancorp (WAL) Breakdown of a Key Holders of the stock

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Western Alliance Bancorp is 1.51%, while institutional ownership is 90.28%. The most recent insider transaction that took place on Nov 13 ’24, was worth 94,360. In this transaction Director of this company sold 1,000 shares at a rate of $94.36, taking the stock ownership to the 16,675 shares. Before that another transaction happened on Nov 13 ’24, when Company’s Director proposed sale 1,000 for $94.58, making the entire transaction worth $94,583.

Western Alliance Bancorp (WAL) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.93 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to 9.60% growth over the previous five years of trading.

Western Alliance Bancorp (NYSE: WAL) Trading Performance Indicators

Western Alliance Bancorp (WAL) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 96.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.47, a number that is poised to hit 1.91 in the next quarter and is forecasted to reach 8.94 in one year’s time.

Technical Analysis of Western Alliance Bancorp (WAL)

Compared to the last year’s volume of 1.28 million, its volume of 2.03 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.75%. Additionally, its Average True Range was 2.92.

During the past 100 days, Western Alliance Bancorp’s (WAL) raw stochastic average was set at 56.55%, which indicates a significant increase from 20.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.41% in the past 14 days, which was lower than the 41.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $89.04, while its 200-day Moving Average is $73.84. Nevertheless, the first resistance level for the watch stands at $86.03 in the near term. At $87.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $89.45. If the price goes on to break the first support level at $82.61, it is likely to go to the next support level at $80.60. Now, if the price goes above the second support level, the third support stands at $79.19.

Western Alliance Bancorp (NYSE: WAL) Key Stats

Market capitalization of the company is 9.51 billion based on 110,069K outstanding shares. Right now, sales total 4,316 M and income totals 722,400 K. The company made 1,326 M in profit during its latest quarter, and 199,800 K in sales during its previous quarter.