In the latest quarter, 13 analysts provided ratings for Western Alliance WAL, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 6 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 5 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $89.23, a high estimate of $105.00, and a low estimate of $74.00. Witnessing a positive shift, the current average has risen by 15.42% from the previous average price target of $77.31.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Western Alliance by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Chiaverini | Wedbush | Raises | Outperform | $105.00 | $90.00 |
| Brandon King | Truist Securities | Raises | Buy | $100.00 | $88.00 |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $100.00 | $80.00 |
| Bernard von-Gizycki | Deutsche Bank | Raises | Hold | $83.00 | $62.00 |
| Ebrahim Poonawala | B of A Securities | Raises | Buy | $98.00 | $82.00 |
| Brandon King | Truist Securities | Raises | Buy | $88.00 | $74.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $87.00 | $78.00 |
| Timur Braziler | Wells Fargo | Raises | Equal-Weight | $85.00 | $68.00 |
| Jared Shaw | Barclays | Raises | Overweight | $92.00 | $86.00 |
| Matthew Clark | Piper Sandler | Raises | Overweight | $93.00 | $76.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $78.00 | $76.00 |
| Brandon King | Truist Securities | Lowers | Buy | $74.00 | $75.00 |
| Casey Haire | Jefferies | Raises | Buy | $77.00 | $70.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Alliance. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Western Alliance compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Western Alliance's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Western Alliance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Western Alliance analyst ratings.
Unveiling the Story Behind Western Alliance
Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.
Western Alliance: Financial Performance Dissected
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Western Alliance displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 4.53%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 32.6%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Western Alliance's ROE stands out, surpassing industry averages. With an impressive ROE of 3.2%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Western Alliance's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.1, caution is advised due to increased financial risk.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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