How to Buy Western Alliance Bancorporation Stock
Western Alliance Bancorporation
Western Alliance Bancorporation is a bank company located in Arizona, United States, which is part of the Financial Services sector, and is traded under the ticker WAL on the NYSE exchange.
Western Alliance Bancorporation stock last closed at $48.51, down 0.1% from the previous day, and has decreased 26.96% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.13 percentage points. Western Alliance Bancorporation stock is currently +550.27% from its 52-week low of $7.46, and -40.24% from its 52-week high of $81.17.
As of Nov 28, 2023, there are 109.47M shares of WAL outstanding. The market cap of WAL is $5.31B. In the past 24 hours, 606,102 WAL shares were traded.
How to Buy Western Alliance Bancorporation Stock
Wondering how to invest in Western Alliance Bancorporation stock? Here's how.
- Decide where to buy Western Alliance Bancorporation stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Western Alliance Bancorporation stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Evaluate Western Alliance Bancorporation stock: The Western Alliance Bancorporation ticker symbol is WAL. Is Western Alliance Bancorporation stock a good investment? Should you buy shares of WAL? How do WAL's underlying business fundamentals look? Do top analysts think Western Alliance Bancorporation is a good buy? Why has WAL's stock price moved recently? (Hint: Our stock market research website can help you understand if WAL is a good stock to buy).
- Place your WAL trade: Decide if you will purchase WAL shares at the current market price or use a limit order to buy WAL stock at a given price.
- Keep tabs on your WAL investment: Create a watchlist to keep track of your new investment in Western Alliance Bancorporation shares.
Step 1: Decide where to buy Western Alliance Bancorporation stock
You will need a brokerage account to access the NYSE market and buy WAL stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in WAL stock today.
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Step 3: Deposit funds into your investment account
Now that you've filled out your info on the best stock trading app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Evaluate Western Alliance Bancorporation stock
After you have chosen the best place to buy Western Alliance Bancorporation stock, it's important to evaluate their stock before you buy, so you can wrap your head around the risk and opportunity.
Western Alliance Bancorporation stock data
Fundamentals of Western Alliance Bancorporation
WallStreetZen was created to help average investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on WAL's stock page.
Is WAL stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge WAL's true value.
Using relative valuations ratios:
- WAL may be undervalued based on its P/E ratio of 6.14x, relative to Banks - Regional industry P/E ratio of -7.87x
- WAL may be undervalued based on its P/B ratio of 0.92x, relative to Banks - Regional industry P/B ratio of 0.94x
- WAL may be undervalued based on its PEG ratio of 0.17x
You can access more valuation analysis on WAL's stock here.
WAL Financial Health
Negative Financial Indicators:
- WAL has a relatively high debt to equity ratio of 11.34.
- WAL profit margin has gone down from 42.9% to 33.1% in the past year.
- Total WAL debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy WAL stock
Out of 11 Equities analysts who give recommendations on WAL, the consensus analyst rating on Western Alliance Bancorporation is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent WAL Analyst Upgrades/Downgrades
Gary Tenner, a top 11% analyst from DA Davidson maintains WAL with a strong buy rating and raises their WAL price target from $52.00 to $64.00, on Jul 20, 2023.
DA Davidson's Gary Tenner raised their price target on Western Alliance Bancorporation (NYSE: WAL) by 23.08% from $52.00 to $64.00 on 2023/07/20. The analyst maintained their Strong Buy rating on the stock.
The analyst's update followed an assessment of the bank's 2023/07/28 Q2 2023 earnings report.
The stock "significantly outperformed" post its Q2 earnings report, the analyst stated.
In the near term, Western Alliance will continue to outperform, Tenner predicted because of "its continued and rapid balance sheet response to the industry's liquidity issues, strong core deposit inflows, and solid profitability visibility."
Footnotes
For Q2 2023, Western Alliance reported:
- EPS of $1.96, which missed the Zacks Consensus Estimate of $1.98 and, by 18%, Q2 2022's $2.39.
- Revenue of $678M, which beat the Zacks Consensus Estimate of $658.89M and, by 7.9%, Q2 2022's $628.2M.
- Balance sheet growth on loans: $47.9B, on Deposits: $51B.
- Net interest margin of 3.42%.
- Net charge-offs of 6 basis points.
For H2 2023, management guided:
- Balance sheet growth on loans: $500M/quarter, on deposits: $2B/quarter.
- Net interest margin of 3.5% to 3.6%.
- Net charge-offs of 5 basis points to 15 basis points.
CEO Kenneth Vecchione commented, “Western Alliance continued to successfully execute its balance sheet repositioning strategy and return to normal business operations by bolstering liquidity and capital, sustaining profitability and expanding core client relationships.
“Quarterly deposit growth of $3.5B lowered our HFI loan-to-deposit ratio to 94%, with total insured and collateralized deposits representing 81% of deposits and available liquidity coverage of 276% of uninsured deposits.
"We achieved net income of $215.7M and earnings per share of $1.96 for Q2 2023, which resulted in a return on tangible common equity of 18.2%. Tangible book value per share climbed 3.7% quarterly to $43.09, or 17.5% Y/Y, with a CET1 ratio of 10.1%."
Tyler Stafford, a top 20% analyst from Stephens & Co. reiterates WAL with a strong buy rating and maintains their WAL price target from $65.00 to $65.00, on Jul 20, 2023.
Brody Preston, a top 13% analyst from UBS maintains WAL with a strong buy rating and raises their WAL price target from $61.00 to $66.00, on Jul 20, 2023.
Steven Alexopoulos, a bottom 2% analyst from JP Morgan maintains WAL with a strong buy rating and raises their WAL price target from $53.00 to $60.00, on Jul 20, 2023.
Ebrahim Poonawala, a top 30% analyst from Bank of America maintains WAL with a strong buy rating and raises their WAL price target from $42.00 to $50.00, on Jul 20, 2023.
You can dive deeper into what analysts are forecasting on the Western Alliance Bancorporation stock forecast page.
WAL Technicals
WAL Performance Metrics
Last year, WAL earnings were $854.70M. In the past five year, WAL's earnings have grown by 15.28% per year. This was slower than the Banks - Regional industry average of 19.18%.
Last year, WAL revenue was $2.58B. Over the past five year, WAL's revenue has grown by 23.34% per year. This was faster than the Banks - Regional industry average of 5.79%.
Dig into WAL's earnings and revenue performance here.
Latest Insiders Trades at WAL
Over the past 12 months, insiders at WAL have sold more shares than they have bought.
Emily Nachlas, Chief Risk Officer of WAL, was the latest WAL insider to sell. They sold $11,067.60 worth of WAL stock on Oct 29, 2023.
Research more about who owns WAL stock here.
Can I rely on WAL as an income stream?
Western Alliance Bancorporation pays a dividend of 2.99%, compared to the Banks - Regional industry's average dividend yield of 3.91%. If you owned $1,000 of WAL stock, you would have been paid $29.89 last year.
Western Alliance Bancorporation dividend payments have consistently grown over the past 5 years and have remained stable.
Dig into more info about Western Alliance Bancorporation dividend yield and history here.
What do other investors have to say about WAL?
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Step 5: Place your WAL trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Press the Open button and your broker will execute the order.
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Step 6: Keep tabs on your WAL investment
Now that you own some WAL shares, you'll want to stay up-to-date on your shares.
Start a watchlist to get notified of important updates regarding your WAL stock.
WAL Feed
How to Buy Stock in Western Alliance Bancorporation
To summarize, here are the 6 steps you need to take to buy Western Alliance Bancorporation stock right now:
- Decide where to buy Western Alliance Bancorporation stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Western Alliance Bancorporation stock
- Place your WAL trade
- Keep tabs on your WAL investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Western Alliance Bancorporation, hit the button below to create your watchlist.
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