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Western Alliance Bancorporation (WAL)

Stock Price: $38.17 USD -0.80 (-2.05%)
Updated Aug 13, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 3.85B
Revenue (ttm) 1.02B
Net Income (ttm) 432.68M
Shares Out 100.84M
EPS (ttm) 4.27
PE Ratio 8.94
Forward PE 9.55
Dividend $1.00
Dividend Yield 2.62%

Stock Quote

Trading Day Aug 13, 2020
Last Price $38.17
Previous Close $38.97
Change ($) -0.80
Change (%) -2.05%
Day's Open 38.42
Day's Range 37.99 - 38.79
Day's Volume 399,573
52-Week Range 20.90 - 58.94

More Stats

Market Cap 3.85B
Enterprise Value 3.06B
Earnings Date (est) Oct 15, 2020
Ex-Dividend Date Aug 13, 2020
Shares Outstanding 100.84M
Float 91.94M
EPS (basic) 4.27
EPS (diluted) 4.27
FCF / Share 6.27
Dividend $1.00
Dividend Yield 2.62%
Earnings Yield 11.19%
FCF Yield 16.24%
Payout Ratio n/a
Shares Short 2.84M
Short Ratio 4.06
Short % of Float 2.92%
Beta 1.78
PE Ratio 8.94
Forward PE 9.55
P/FCF Ratio 6.16
PS Ratio 3.78
PB Ratio 1.26
Revenue 1.02B
Operating Income 525.55M
Net Income 432.68M
Free Cash Flow 625.19M
Net Cash 788.39M
Net Cash / Share 7.82
Gross Margin 106.83%
Operating Margin 51.65%
Profit Margin 42.60%
FCF Margin 61.44%
ROA 1.51%
ROE 14.54%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (11)

Buy 8
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$40.91*
(7.18% upside)
Low
33.0
Current: $38.17
High
46.0
Target: 40.91
*Average 12-month price target from 11 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,087936813692519405342290246186
Revenue Growth16.13%15.16%17.43%33.32%28.24%18.41%17.92%17.89%32.1%-
Gross Profit1,087936813692519405342290246186
Operating Income60451045236125919714610353.68-6.32
Net Income49943632526019414811572.6431.49-7.20
Shares Outstanding10310510410394.5786.6985.6882.2980.9175.08
Earnings Per Share4.844.143.102.502.031.671.310.830.19-0.23
EPS Growth16.91%33.55%24%23.15%21.56%27.48%57.83%336.84%--
Dividend Per Share0.50---------
Operating Cash Flow7185413842812201671651611420.30
Capital Expenditures-35.15-11.31-8.86-10.57-10.86-13.93-18.87-8.551.091.42
Free Cash Flow6835303752702101531461521441.72
Cash & Equivalents435499417284225164306205155217
Total Debt488874793490398486454309514225
Net Cash / Debt-53.75-375-376-205-174-321-149-104-359-8.66
Assets26,82223,10920,32917,20114,27510,6009,3077,6236,8456,194
Liabilities23,80520,49618,09915,30912,6849,6008,4526,8636,2085,592
Book Value3,0172,6142,2301,8921,5921,001855760637602
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Western Alliance Bancorporation
Country United States
Employees 1,851
CEO Kenneth A. Vecchione

Stock Information

Ticker Symbol WAL
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: WAL
IPO Date June 30, 2005

Description

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.