12 analysts have shared their evaluations of Western Alliance WAL during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Western Alliance, presenting an average target of $79.08, a high estimate of $91.00, and a low estimate of $68.00. This upward trend is evident, with the current average reflecting a 1.51% increase from the previous average price target of $77.90.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Western Alliance by financial experts. 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 | Lowers | Outperform | $70.00 | $75.00 |
| Timur Braziler | Wells Fargo | Lowers | Equal-Weight | $68.00 | $72.00 |
| Jon Arfstrom | RBC Capital | Maintains | Outperform | $78.00 | - |
| Casey Haire | Jefferies | Lowers | Buy | $70.00 | $80.00 |
| Steven Alexopoulos | JP Morgan | Lowers | Overweight | $85.00 | $90.00 |
| Brandon King | Truist Securities | Maintains | Buy | $80.00 | $80.00 |
| Gary Tenner | DA Davidson | Maintains | Buy | $85.00 | $85.00 |
| Jared Shaw | Barclays | Announces | Overweight | $91.00 | - |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $90.00 | $85.00 |
| Jared Shaw | Wells Fargo | Raises | Equal-Weight | $72.00 | $62.00 |
| Ben Gerlinger | Citigroup | Raises | Buy | $82.00 | $76.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $78.00 | $74.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Alliance. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Alliance compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Western Alliance's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Western Alliance's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Western Alliance analyst ratings.
All You Need to Know About 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.
Financial Insights: Western Alliance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Western Alliance's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -10.31%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Western Alliance's net margin excels beyond industry benchmarks, reaching 26.84%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Western Alliance's ROE stands out, surpassing industry averages. With an impressive ROE of 2.58%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Western Alliance's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.2%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.4, caution is advised due to increased financial risk.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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