Throughout the last three months, 16 analysts have evaluated Western Alliance WAL, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 10 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 6 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $78.62, a high estimate of $91.00, and a low estimate of $68.00. A 3.73% drop is evident in the current average compared to the previous average price target of $81.67.
Investigating Analyst Ratings: An Elaborate Study
The standing of Western Alliance among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| David Chiaverini | Wedbush | Maintains | Outperform | $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 | - |
| 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 |
| Steven Alexopoulos | JP Morgan | Lowers | Overweight | $85.00 | $90.00 |
| Brandon King | Truist Securities | Maintains | Buy | $80.00 | $80.00 |
| Gary Tenner | DA Davidson | Maintains | Buy | $85.00 | $85.00 |
| Jared Shaw | Barclays | Announces | Overweight | $91.00 | - |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $90.00 | $85.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Alliance. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Alliance compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Western Alliance's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Western Alliance's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Western Alliance analyst ratings.
All You Need to Know About Western Alliance
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.
Western Alliance's Economic Impact: An Analysis
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Western Alliance's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 28.89%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Western Alliance's net margin excels beyond industry benchmarks, reaching 30.18%. This signifies efficient cost management and strong financial health.
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): Western Alliance's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Western Alliance's debt-to-equity ratio stands notably higher than the industry average, reaching 1.24. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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.
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