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 in two segments, Commercial and Consumer Related. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. 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. The company operates 38 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
IPO Year: 2005
Exchange: NYSE
Website: westernalliancebancorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $83.00 → $101.00 | Hold → Buy | Deutsche Bank |
| 4/22/2024 | $75.00 | Outperform | Hovde Group |
| 3/8/2024 | $91.00 | Overweight | Barclays |
| 1/30/2024 | $62.00 → $72.00 | Overweight → Equal Weight | Wells Fargo |
| 12/1/2023 | $61.00 | Buy | Citigroup |
| 8/25/2023 | $60.00 | Overweight | Piper Sandler |
| 6/28/2023 | $41.00 | Hold | Deutsche Bank |
| 5/16/2023 | $48.00 → $42.00 | Buy | BofA Securities |
| 5/5/2023 | $46.00 | Neutral → Overweight | JP Morgan |
| 4/19/2023 | $38.00 → $50.00 | Neutral → Outperform | Wedbush |
12 analysts have shared their evaluations of Western Alliance (NYSE:WAL) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 6 2 0 0 Last 30D 0 1 1 0 0 1M Ago 4 4 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Analysts have set 12-month price targets for Western Alliance, revealing an average target of $85.42, a high estimate of $100.00, and a low estimate of $70.00. This current average has increased b
Deutsche Bank analyst Bernard von-Gizycki maintains Western Alliance (NYSE:WAL) with a Hold and raises the price target from $62 to $83.
B of A Securities analyst Ebrahim Poonawala maintains Western Alliance (NYSE:WAL) with a Buy and raises the price target from $82 to $98.
Truist Securities analyst Brandon King maintains Western Alliance (NYSE:WAL) with a Buy and raises the price target from $74 to $88.
RBC Capital analyst Jon Arfstrom maintains Western Alliance (NYSE:WAL) with a Outperform and raises the price target from $78 to $87.
Wells Fargo analyst Timur Braziler maintains Western Alliance (NYSE:WAL) with a Equal-Weight and raises the price target from $68 to $85.
Western Alliance Bancorporation (NYSE:WAL) posted upbeat quarterly results, after the closing bell on Thursday. Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro. “Western Alliance delivered strong second quarter results featuring robust net interest income growth, gathering loan momentum, and sustained deposit generation,” said Kenneth A. Vecchione, President and Chief Executive Officer. “With balance sheet repositioning actions completed, our focus is rededi
Barclays analyst Jared Shaw maintains Western Alliance (NYSE:WAL) with a Overweight and raises the price target from $86 to $92.
Piper Sandler analyst Matthew Clark maintains Western Alliance (NYSE:WAL) with a Overweight and raises the price target from $76 to $93.
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Alliance Association Bank today announced that it has expanded its team of experienced bankers serving the HOA and community management sector with the additions of Kenneth Sonner and Anthony Dister. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625398583/en/Ken Sonner, Alliance Association Bank (Photo: Business Wire) Alliance Association Bank is a division of Western Alliance Bank that offers deposit, financing, payment and technology solutions designed for community management companies and homeowner associations nationwide. "We are excited to welcome these two experienced professionals to join the already-strong nationa
Heather Kelly Assumes Leadership Role to Drive Growth for Western Alliance Bank's Business Escrow Services Western Alliance Bank today announced the appointment of Heather Kelly as the Head of the Business Escrow Services group. Heather brings with her a wealth of experience and expertise, having served previously as Chief Strategist, Managing Director, and Senior Relationship Manager for Western Alliance Bank's Business Escrow Services group. "Heather's leadership, strategic vision and deep understanding of the escrow services industry make her the ideal person to lead our Business Escrow Services group going forward," said Dale Gibbons, Vice Chairman and Chief Financial Officer of Wes
Western Alliance Bank today announced the appointment of Katie McDowell and Jon VanDerMeid to the organization's Commercial and Industrial Banking team. McDowell assumes the role of Senior Vice President, Relationship Manager to support the organization's Aerospace, Defense and Government Services team, and VanDerMeid takes on the role of Credit Underwriting and Portfolio Manager, Commercial & Industrial to support the broader Commercial and Industrial team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240327315080/en/Jon VanDerMeid, Western Alliance Bank, Aerospace & Defense Group (Photo: Business Wire) "In a strategic step t
Western Alliance Bank today announced the appointment of Bret Rathwick and Michael Anthony to the organization's Commercial and Industrial team. Rathwick assumes the role of Vice President, Relationship Manager at Western Alliance Bank's Costa Mesa office and Anthony takes on the role of Vice President, Relationship Manager at the organization's Downtown Los Angeles office. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220072844/en/Bret Rathwick, Western Alliance Bank (Photo: Business Wire) "Bret and Michael's addition to the commercial banking team at Western Alliance Bank strengthens our capacity to serve the thriving comm
Addition of C&I industry veteran aligns with Arizona businesses' growing needs Western Alliance Bank today announced that Dillan Knudson has been appointed as the organization's Head of Commercial Banking for Arizona. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231025997507/en/Dillan Knudson, Western Alliance Bank (Photo: Business Wire) "Dillan brings outstanding depth and breadth of experience in the region to this role," said Ken Vecchione, president and chief executive officer of Western Alliance Bank. "With his proven commitment to serving clients, as well as his expertise in executing strategic growth initiatives, he w
Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an
Young will lead the pacesetting PropTech's marketing function SmartRent, Inc. (NYSE:SMRT) (the "Company" or "SmartRent"), a leading provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, today announced the appointment of Robyn Young as the company's first chief marketing officer (CMO). In this new role, Young will be responsible for the Company's overall marketing strategy. Joining the team on May 9, 2022, she will be based at the Company's headquarters in Scottsdale, Ariz. "Robyn is a highly experienced, strong marketing leader who brings an impressive track record in commercial and mixed-use real estate and finance ex
Western Alliance Bancorporation (NYSE:WAL): THIRD QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $199.8 million $1.80 $285.7 million 3.61% 64.5% $57.97 52.7%1, adjusted for deposit costs $51.981, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance delivered solid third quarter results featuring strong net interest income growth, continued loan and deposit momentum, and health
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, October 18, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 586867 or via live audio webcast using the website link: https://events.q4inc.com/attendee/875780058. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes
Western Alliance Bancorporation (NYSE:WAL): SECOND QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $193.6 million $1.75 $285.0 million 3.63% 62.3% $54.80 51.5%1, adjusted for deposit costs $48.791, excluding goodwill and intangibles CEO COMMENTARY: "Western Allian
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, July 19, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 465259 or via live audio webcast using the website link: https://events.q4inc.com/attendee/904562028. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes ea
Western Alliance Bancorporation (NYSE:WAL): FIRST QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $177.4 million $1.60 $247.0 million 3.60% 65.2% $53.33 $190.9 million1, excluding notable items $1.721, excluding notable items 54.4%1, adjusted for deposit costs and notable items
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its first quarter 2024 financial results after the market closes on Thursday, April 18, 2024. Ken Vecchione, President and CEO and Dale Gibbons, Vice Chairman and CFO will host a conference call at 12:00 p.m. ET on Friday, April 19, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 075340 or via live audio webcast using the website link: https://events.q4inc.com/attendee/894297638. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes ear
Western Alliance Bancorporation (NYSE:WAL): FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Adjusted efficiency ratio1 Book value per common share $147.9 million $1.33 $220.3 million 3.65% 59.1% $52.81 $1.911, excluding notable items $46.721, excluding goodwill and intangibles CEO COMMENTARY: "W
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its fourth quarter and full year 2023 financial results after the market closes on Thursday, January 25, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, January 26, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 941447 or via live audio webcast using the website link: https://events.q4inc.com/attendee/536267609. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at
Western Alliance Bancorporation (NYSE:WAL): THIRD QUARTER 2023 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Adjusted efficiency ratio1 Book value per common share $49.78 $216.6 million $1.97 $290.0 million 3.67% 50.0% $43.661, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance continued to execute its balance sheet repositioning strategy and pro
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its third quarter 2023 financial results after the market closes on Thursday, October 19, 2023. Ken Vecchione, President and CEO and Dale Gibbons, Vice Chairman and CFO will host a conference call at 12:00 p.m. ET on Friday, October 20, 2023 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 282175 or via live audio webcast using the website link: https://events.q4inc.com/attendee/123936476. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes
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Western Alliance Bancorporation (NYSE:WAL) announced today its President and Chief Executive Officer, Kenneth Vecchione, will deliver a presentation at the BancAnalysts Association of Boston Conference on Thursday, November 7, 2024 at 3:50 pm ET. A webcast of the event will be accessible at http://www.wsw.com/webcast/baab24/wal/1610928. A recorded replay of the session will be available on the Investor Relations website later that day and will remain available for 90 days. About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country's top-performing banking companies. Through its primary subsidiary, Western A
Western Alliance Bancorporation (NYSE:WAL): THIRD QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $199.8 million $1.80 $285.7 million 3.61% 64.5% $57.97 52.7%1, adjusted for deposit costs $51.981, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance delivered solid third quarter results featuring strong net interest income growth, continued loan and deposit momentum, and health
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, October 18, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 586867 or via live audio webcast using the website link: https://events.q4inc.com/attendee/875780058. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Western Alliance Bancorporation (NYSE:WAL): SECOND QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $193.6 million $1.75 $285.0 million 3.63% 62.3% $54.80 51.5%1, adjusted for deposit costs $48.791, excluding goodwill and intangibles CEO COMMENTARY: "Western Allian
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, July 19, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 465259 or via live audio webcast using the website link: https://events.q4inc.com/attendee/904562028. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes ea
Alliance Association Bank today announced that it has expanded its team of experienced bankers serving the HOA and community management sector with the additions of Kenneth Sonner and Anthony Dister. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625398583/en/Ken Sonner, Alliance Association Bank (Photo: Business Wire) Alliance Association Bank is a division of Western Alliance Bank that offers deposit, financing, payment and technology solutions designed for community management companies and homeowner associations nationwide. "We are excited to welcome these two experienced professionals to join the already-strong nationa
Western Alliance Bank today announced a strategic expansion of its Commercial Banking team with the hire of Leo Munoz as Industry Executive for Food and Agriculture. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617167680/en/Leo Munoz, Western Alliance Bank, Industry Executive: Food and Agriculture (Photo: Business Wire) Munoz, who brings more than 25 years of banking experience, will expand the bank's commercial banking focus throughout California's Central Valley. A lifelong resident of the Central Valley, he is based in Fresno. "We are extremely happy to welcome Leo to the Western Alliance Bank team as a key advisor to
Lynch Takes Top Leadership Role to Propel Growth for This High-Performing, Wholly Owned Subsidiary of Western Alliance Bancorporation Western Alliance Bancorporation today announced the promotion of Jocelyn Lynch to the President and CEO of Western Alliance Trust Company, N.A. Lynch brings tremendous experience to her elevated role, having served previously as Managing Director in the Corporate Trust group at Western Alliance Trust Company, N.A. "Jocelyn's deep expertise, unwavering focus on clients and strategic mindset make her a natural choice to lead the Western Alliance Trust Company," said Dale Gibbons, Vice Chairman and Chief Financial Officer of Western Alliance Bank. "With near
Heather Kelly Assumes Leadership Role to Drive Growth for Western Alliance Bank's Business Escrow Services Western Alliance Bank today announced the appointment of Heather Kelly as the Head of the Business Escrow Services group. Heather brings with her a wealth of experience and expertise, having served previously as Chief Strategist, Managing Director, and Senior Relationship Manager for Western Alliance Bank's Business Escrow Services group. "Heather's leadership, strategic vision and deep understanding of the escrow services industry make her the ideal person to lead our Business Escrow Services group going forward," said Dale Gibbons, Vice Chairman and Chief Financial Officer of Wes
Deutsche Bank upgraded Western Alliance Bancorp from Hold to Buy and set a new price target of $101.00 from $83.00 previously
Hovde Group resumed coverage of Western Alliance Bancorp with a rating of Outperform and set a new price target of $75.00
Barclays initiated coverage of Western Alliance Bancorp with a rating of Overweight and set a new price target of $91.00
Wells Fargo downgraded Western Alliance Bancorp from Overweight to Equal Weight and set a new price target of $72.00 from $62.00 previously
Citigroup initiated coverage of Western Alliance Bancorp with a rating of Buy and set a new price target of $61.00
Piper Sandler resumed coverage of Western Alliance Bancorp with a rating of Overweight and set a new price target of $60.00
Deutsche Bank initiated coverage of Western Alliance Bancorp with a rating of Hold and set a new price target of $41.00
BofA Securities resumed coverage of Western Alliance Bancorp with a rating of Buy and set a new price target of $42.00 from $48.00 previously
JP Morgan upgraded Western Alliance Bancorp from Neutral to Overweight and set a new price target of $46.00
Wedbush upgraded Western Alliance Bancorp from Neutral to Outperform and set a new price target of $50.00 from $38.00 previously