Western Alliance Bancorporation’s (WAL) Buy Rating Reiterated at DA Davidson

Western Alliance Bancorporation (NYSE:WAL)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They currently have a $90.00 price objective on the financial services provider’s stock. DA Davidson’s target price suggests a potential upside of 10.00% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of Western Alliance Bancorporation from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on Western Alliance Bancorporation from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on Western Alliance Bancorporation from $93.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Western Alliance Bancorporation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, Barclays cut their price target on Western Alliance Bancorporation from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Western Alliance Bancorporation has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Western Alliance Bancorporation Stock Performance

Shares of WAL traded up $1.32 on Wednesday, reaching $81.82. The company’s stock had a trading volume of 491,256 shares, compared to its average volume of 1,205,868. The stock’s 50 day simple moving average is $80.09 and its two-hundred day simple moving average is $81.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.86 and a quick ratio of 0.81. The stock has a market capitalization of $8.93 billion, a P/E ratio of 9.55, a PEG ratio of 0.74 and a beta of 1.34. Western Alliance Bancorporation has a 12-month low of $65.82 and a 12-month high of $97.23.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. Western Alliance Bancorporation had a net margin of 17.03% and a return on equity of 13.58%. The business had revenue of $968.40 million during the quarter, compared to analysts’ expectations of $944.18 million. During the same period in the prior year, the company earned $1.79 earnings per share. The firm’s revenue was up 31.0% on a year-over-year basis. Research analysts forecast that Western Alliance Bancorporation will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Ben Mucha sold 5,946 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $81.00, for a total value of $481,626.00. Following the transaction, the chief accounting officer directly owned 3,485 shares in the company, valued at $282,285. The trade was a 63.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Western Alliance Bancorporation

Several institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in Western Alliance Bancorporation by 71.2% during the 1st quarter. NewEdge Advisors LLC now owns 7,815 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 3,249 shares during the period. Jones Financial Companies Lllp boosted its stake in Western Alliance Bancorporation by 513.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,730 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,448 shares during the period. Goldman Sachs Group Inc. boosted its stake in Western Alliance Bancorporation by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 111,883 shares of the financial services provider’s stock worth $8,596,000 after purchasing an additional 21,642 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Western Alliance Bancorporation by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 347,529 shares of the financial services provider’s stock valued at $26,701,000 after buying an additional 35,276 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Western Alliance Bancorporation by 11.3% during the 2nd quarter. Cetera Investment Advisers now owns 7,017 shares of the financial services provider’s stock valued at $547,000 after buying an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Key Western Alliance Bancorporation News

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

• Positive Sentiment: Western Alliance reported Q2 2026 earnings of $2.36 per share, matching consensus estimates, while revenue of $995.7 million topped expectations, signaling solid operating performance. Western Alliance Bancorporation earnings summary
• Positive Sentiment: Several follow-up notes highlighted that the quarter should help calm credit fears around the company, suggesting investors are looking past earlier worries and focusing on improving visibility. Western Alliance’s Q2 Results Should Start To Calm Credit Fears
• Neutral Sentiment: One earnings write-up noted that quarterly EPS of $2.22 missed a different published estimate of $2.33, showing some inconsistency across reported consensus figures, but the main market reaction appears tied to the stronger revenue and generally reassuring tone. Western Alliance (WAL) Q2 Earnings Miss Estimates

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.