Western Alliance Bancorp (NYSE: WAL) kicked off on Tuesday, up 3.91% from the previous trading day, before settling in for the closing price of $77.98. Over the past 52 weeks, WAL has traded in a range of $57.05-$98.10.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 7.93%. While this was happening, its average annual earnings per share was recorded 21.57%. With a float of $104.75 million, this company’s outstanding shares have now reached $110.44 million.
Considering the fact that the conglomerate employs 3524 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 59.54%, operating margin of 19.64%, and the pretax margin is 19.64%.
Western Alliance Bancorp (WAL) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Western Alliance Bancorp is 5.12%, while institutional ownership is 88.64%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 21.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.86% during the next five years compared to 7.93% growth over the previous five years of trading.
Western Alliance Bancorp (NYSE: WAL) Trading Performance Indicators
Take a look at Western Alliance Bancorp’s (WAL) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.28, a number that is poised to hit 2.03 in the next quarter and is forecasted to reach 10.50 in one year’s time.
Technical Analysis of Western Alliance Bancorp (WAL)
Compared to the last year’s volume of 1.13 million, its volume of 1.01 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 87.66%.
During the past 100 days, Western Alliance Bancorp’s (WAL) raw stochastic average was set at 65.23%, which indicates a significant decrease from 82.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.12% in the past 14 days, which was lower than the 50.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.52, while its 200-day Moving Average is $81.53. Nevertheless, the first resistance level for the watch stands at $83.67 in the near term. At $86.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $89.40. If the price goes on to break the first support level at $77.94, it is likely to go to the next support level at $74.86. Should the price break the second support level, the third support level stands at $72.21.
Western Alliance Bancorp (NYSE: WAL) Key Stats
The company with the Market Capitalisation of 8.95 billion has total of 110,404K Shares Outstanding. Its annual sales at the moment are 5,084 M in contrast with the sum of 787,700 K annual income. Company’s last quarter sales were recorded 1,223 M and last quarter income was 199,100 K.
