Western Alliance Bancorp (NYSE: WAL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

WAL belongs to the Financial sector of the NYSE while operating in the Banks – Regional industry. The current market capitalization of Western Alliance Bancorp is $9.22B. A total of 0.71 million shares were traded on the day, compared to an average of 1.48M shares.

In the most recent transaction, LATTA ROBERT P sold 2,955 shares of WAL for 81.12 per share on Sep 13 ’24. After the transaction, the Director now owns 38,621 company shares. In a previous transaction on Sep 13 ’24, ROBERT P. LATTA bought 2,955 shares at 81.12 per share.

Among the insiders who sold shares, LATTA ROBERT P disposed of 2,996 shares on Sep 09 ’24 at a per-share price of $82.75. This resulted in the Director holding 4,056 shares of WAL after the transaction. In another insider transaction, LATTA ROBERT P bought 2,996 shares at $82.75 per share on Sep 09 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Western Alliance Bancorp pays an annual dividend of $1.48, resulting in a dividend yield of 1.77%, and it has a price to earnings (P/E) ratio of 12.61. WAL’s most recent ex-dividend date was 8/16/2024 when it declared a $0.37 quarterly dividend that was paid in cash on 8/30/2024. Previously, the company paid the dividend on 5/31/2024 with an ex-dividend date of 5/15/2024. The WAL stock dividend was $0.37 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, WAL has a high of $88.92 and a low of $38.81.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $54.80, while its Total Shareholder’s Equity was $4.96B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WAL is Buy with a score of 4.63.

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