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How to buy Western Alliance Bancorporation stock | $56.56

Own Western Alliance Bancorporation stock in just a few minutes.

Fact checked

Western Alliance Bancorporation is a banks-regional business based in the US. Western Alliance Bancorporation shares (WAL) are listed on the NYSE and all prices are listed in US Dollars. Western Alliance Bancorporation employs 1,885 staff and has a trailing 12-month revenue of around USD$1 billion.

How to buy shares in Western Alliance Bancorporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Western Alliance Bancorporation. Find the stock by name or ticker symbol: WAL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Western Alliance Bancorporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$56.56, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Western Alliance Bancorporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Western Alliance Bancorporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Western Alliance Bancorporation share price

Use our graph to track the performance of WAL stocks over time.

Western Alliance Bancorporation shares at a glance

Information last updated 2020-12-04.
Latest market closeUSD$56.56
52-week rangeUSD$20.4878 - USD$57.5281
50-day moving average USD$46.9543
200-day moving average USD$39.068
Wall St. target priceUSD$50.42
PE ratio 12.5991
Dividend yield USD$1 (1.86%)
Earnings per share (TTM) USD$4.363

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Western Alliance Bancorporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Western Alliance Bancorporation price performance over time

Historical closes compared with the close of $56.56 from 2020-12-09

1 week (2021-01-12) N/A
1 month (2020-12-23) -6.56%
3 months (2020-10-19) N/A
6 months (2020-07-19) N/A
1 year (2020-01-19) N/A
2 years (2019-01-19) N/A
3 years (2018-01-19) N/A
5 years (2016-01-19) N/A

Is Western Alliance Bancorporation under- or over-valued?

Valuing Western Alliance Bancorporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Western Alliance Bancorporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Western Alliance Bancorporation's P/E ratio

Western Alliance Bancorporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Western Alliance Bancorporation shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Western Alliance Bancorporation's PEG ratio

Western Alliance Bancorporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.84. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Western Alliance Bancorporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Western Alliance Bancorporation financials

Revenue TTM USD$1 billion
Operating margin TTM 54.34%
Gross profit TTM USD$1.1 billion
Return on assets TTM 1.48%
Return on equity TTM 14.35%
Profit margin 42.99%
Book value $32.284
Market capitalisation USD$5.5 billion

TTM: trailing 12 months

Shorting Western Alliance Bancorporation shares

There are currently 2.8 million Western Alliance Bancorporation shares held short by investors – that's known as Western Alliance Bancorporation's "short interest". This figure is 22.6% up from 2.3 million last month.

There are a few different ways that this level of interest in shorting Western Alliance Bancorporation shares can be evaluated.

Western Alliance Bancorporation's "short interest ratio" (SIR)

Western Alliance Bancorporation's "short interest ratio" (SIR) is the quantity of Western Alliance Bancorporation shares currently shorted divided by the average quantity of Western Alliance Bancorporation shares traded daily (recently around 851099.0797546). Western Alliance Bancorporation's SIR currently stands at 3.26. In other words for every 100,000 Western Alliance Bancorporation shares traded daily on the market, roughly 3260 shares are currently held short.

However Western Alliance Bancorporation's short interest can also be evaluated against the total number of Western Alliance Bancorporation shares, or, against the total number of tradable Western Alliance Bancorporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Western Alliance Bancorporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Western Alliance Bancorporation shares in existence, roughly 30 shares are currently held short) or 0.0285% of the tradable shares (for every 100,000 tradable Western Alliance Bancorporation shares, roughly 29 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Western Alliance Bancorporation.

Find out more about how you can short Western Alliance Bancorporation stock.

Western Alliance Bancorporation share dividends

23%

Dividend payout ratio: 22.88% of net profits

Recently Western Alliance Bancorporation has paid out, on average, around 22.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.86% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Western Alliance Bancorporation shareholders could enjoy a 1.86% return on their shares, in the form of dividend payments. In Western Alliance Bancorporation's case, that would currently equate to about $1 per share.

While Western Alliance Bancorporation's payout ratio might seem low, this can signify that Western Alliance Bancorporation is investing more in its future growth.

Western Alliance Bancorporation's most recent dividend payout was on 27 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 12 November 2020 (the "ex-dividend date").

Western Alliance Bancorporation share price volatility

Over the last 12 months, Western Alliance Bancorporation's shares have ranged in value from as little as $20.4878 up to $57.5281. A popular way to gauge a stock's volatility is its "beta".

WAL.US volatility(beta: 1.68)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Western Alliance Bancorporation's is 1.6845. This would suggest that Western Alliance Bancorporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Western Alliance Bancorporation overview

Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as Internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. As of December 31, 2018, the company operated 38 branch locations and 11 loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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