Citigroup Forecasts Strong Price Appreciation for Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation (NYSE:WAL) had its target price increased by analysts at Citigroup from $104.00 to $107.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective points to a potential upside of 19.45% from the company’s current price.

A number of other analysts have also recently issued reports on WAL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Alliance Bancorporation in a research report on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on Western Alliance Bancorporation from $98.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen lowered their price objective on shares of Western Alliance Bancorporation from $109.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $105.00 price target (up previously from $100.00) on shares of Western Alliance Bancorporation in a research report on Wednesday. Finally, Industrial Alliance Securities set a $101.00 price target on Western Alliance Bancorporation in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Western Alliance Bancorporation currently has a consensus rating of “Moderate Buy” and an average price target of $103.80.

Western Alliance Bancorporation Stock Performance

WAL traded down $0.63 during midday trading on Friday, reaching $89.58. The company’s stock had a trading volume of 419,889 shares, compared to its average volume of 898,494. Western Alliance Bancorporation has a twelve month low of $57.05 and a twelve month high of $93.81. The stock has a market cap of $9.86 billion, a P/E ratio of 10.26, a PEG ratio of 0.54 and a beta of 1.34. The company has a fifty day simple moving average of $86.11 and a 200 day simple moving average of $83.75. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Monday, January 26th. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.40 by $0.19. The firm had revenue of $913.50 million during the quarter, compared to analysts’ expectations of $912.69 million. Western Alliance Bancorporation had a net margin of 18.04% and a return on equity of 13.33%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Research analysts expect that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Hedge Funds Weigh In On Western Alliance Bancorporation

A number of hedge funds have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Western Alliance Bancorporation in the 3rd quarter valued at about $26,000. Quent Capital LLC acquired a new position in shares of Western Alliance Bancorporation during the 3rd quarter worth about $26,000. Salomon & Ludwin LLC bought a new position in Western Alliance Bancorporation in the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new position in Western Alliance Bancorporation in the 3rd quarter valued at about $27,000. Finally, Community Bank N.A. bought a new stake in Western Alliance Bancorporation during the 3rd quarter worth approximately $37,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

More Western Alliance Bancorporation News

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Jefferies raised its price target to $110 and kept a buy rating, pointing to roughly 24% upside from recent levels — a clear vote of confidence that supports upside to WAL. Jefferies price-target raise
• Positive Sentiment: DA Davidson raised its target to $105 and reiterated a buy, another analyst upgrade boosting investor expectations for higher future earnings and multiple expansion. DA Davidson price-target raise
• Positive Sentiment: Q4 results / deep dive: management reported record growth in loans and deposits and stronger fee income, showing revenue momentum that supports the bullish analyst views. Investors will watch asset quality trends and NIM/fee sustainability. Q4 earnings highlights
• Neutral Sentiment: JPMorgan reiterated a “neutral” rating in a separate note, signaling caution even amid upgrades from others — this tempers upside since a large-bank view remains lukewarm. JPMorgan reiterates neutral
• Negative Sentiment: JP Morgan (coverage notes reported widely) expressed concern about earnings-credit rates and rising deposit costs and flagged these as earnings headwinds — this view has been presented as a downgrade/negative re-rate in some reports and is likely the main reason selling pressure appeared. JP Morgan downgrade/concerns

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.