Western Alliance Bancorp (NYSE:WAL) finished Wednesday with a subtraction of -$0.69 to close at $44.10, a downside of -1.54 percent. An average of 1,671,000 shares of common stock have been traded in the last five days. There was a fall of -$2.34 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,429,460 shares traded, while the 50-day average volume stands at 1,952,146.
WAL stock has decreased by -11.45% in the last month. The company shares reached their 1-month lowest point of $43.36 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.46 and a high of $81.17 in 52 weeks. It has reached a new high 16 times so far this year and lost -25.96% or -$15.46 in price. In spite of this, the price is down -45.67% from the 52-week high.
Insider Transactions
WAL stock investors should be aware that Western Alliance Bancorp (WAL) stock had its last reported insider trading activity 219 days ago on Mar 13. In this transaction, the insider spent $128,030. Chief Accounting Officer, Ardrey J. Kelly Jr., disposed of 3,000 shares at a price of $80.59 on Feb 02. The insider now owns more than $241,770 worth of shares.
Valuation Metrics
Western Alliance Bancorp (WAL) has a trailing price-to-earnings (P/E) ratio of 5.29. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.26, the price-to-book (PB) ratio at 0.90, and the price-to-cash flow ratio at 4.84.
The company has a payout ratio of 14.63%. The company’s most recent quarterly dividend payment was $0.36 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday July 28 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 1.87 for the quarter ending June 29. Its gross profit as reported stood at $2.22 billion compared to revenue of $2.69 billion.
Earnings Surprise
The analyst consensus anticipated Western Alliance Bancorp’s latest quarter earnings to come in at $1.98 per share, but it turned out to be $1.96, a -1.00% surprise. At the end of the quarter ending June 29, Western Alliance Bancorp’s stock balance sheet showed total debt was $10.66 billion. Shareholders own equity worth $109.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Western Alliance Bancorp (WAL) price momentum. RSI 9-day as of the close on 27 September was 29.48%, suggesting the stock is oversold, with historical volatility in this time frame at 20.96%.
As of today, WAL’s price is $45.20 -5.04% or -$2.34 from its 5-day moving average. WAL is currently trading -12.47% lower than its 20-day SMA and +142.31% higher than its 100-day SMA. However, the stock’s current price level is +2.39% above the SMA50 and -27.73% below the SMA200.
The stochastic %K and %D were 17.33% and 18.64%, respectively, and the average true range (ATR) was 1.75. With the 14-day stochastic at 11.90% and the average true range at 1.79, the RSI (14) stands at 35.66%. The stock has reached -1.26 on the 9-day MACD Oscillator while the 14-day reading was at -2.06.
Analyst Ratings
The consensus rating for Western Alliance Bancorp (WAL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WAL, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 15 others rate it as a “buy”.
