Quick Update for Western Alliance Bancorporation (WAL) Investors

By Blake Campbell • Monday, December 18 12:20 • Permanent Link

Join us for a quick overview of Western Alliance Bancorporation, a Banking company whose shares moved 0.4% today. Here are some facts about the stock that should help you see the bigger picture:

Western Alliance Bancorporation has moved 12.8% over the last year, and the S&P 500 logged a change of 23.6%
WAL has an average analyst rating of buy and is 4.82% away from its mean target price of $61.02 per share
Its trailing earnings per share (EPS) is $7.88
Western Alliance Bancorporation has a trailing 12 month Price to Earnings (P/E) ratio of 8.1 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $7.98 and its forward P/E ratio is 8.0
The company has a Price to Book (P/B) ratio of 1.27 in contrast to the S&P 500's average ratio of 2.95
Western Alliance Bancorporation is part of the Finance sector, which has an average P/E ratio of 12.38 and an average P/B of 1.58
WAL has reported YOY quarterly earnings growth of -18.6% and gross profit margins of 0.0%
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, 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, funds transfer and other digital payment offerings, 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. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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