Throughout the last three months, 12 analysts have evaluated Western Alliance WAL, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 7 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 3 | 6 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $75.33, with a high estimate of $86.00 and a low estimate of $68.00. This current average represents a 3.87% decrease from the previous average price target of $78.36.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Western Alliance. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Casey Haire | Jefferies | Raises | Buy | $77.00 | $70.00 |
| David Chiaverini | Wedbush | Maintains | Outperform | $70.00 | $70.00 |
| Jared Shaw | Barclays | Lowers | Overweight | $86.00 | $91.00 |
| Brandon King | Truist Securities | Lowers | Buy | $75.00 | $80.00 |
| Jon Arfstrom | RBC Capital | Lowers | Outperform | $76.00 | $78.00 |
| Gary Tenner | DA Davidson | Lowers | Buy | $78.00 | $85.00 |
| Christopher Mcgratty | Keefe, Bruyette & Woods | Lowers | Outperform | $74.00 | $79.00 |
| Andrew Terrell | Stephens & Co. | Maintains | Overweight | $82.00 | $82.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Alliance. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Western Alliance compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Western Alliance's stock. This comparison reveals trends in analysts' expectations over time.
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.
Get to Know Western Alliance Better
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.
Understanding the Numbers: Western Alliance's Finances
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Western Alliance's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 28.89% as of 31 March, 2024, showcasing a substantial increase in 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: Western Alliance's net margin is impressive, surpassing industry averages. With a net margin of 30.18%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.99%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.24%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Western Alliance's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.24, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
