Western Alliance Bancorporation (WAL)

• Market cap: $9.81B
• 1 day: -0.12%
• 5 days: -4.59%
• 1 month: 10.74%
• 3 months: 12.60%
• 6 months: 38.49%
• Year to date: 37.85%
• 1 year: 80.12%
• 5 years: 73.16%
• 10 years: 247.47%
• Sector: Financials
• Industry: State Commercial Banks

About: Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.

Employees: 3,260

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

113% more call options, than puts

Call options by funds: $184M | Put options by funds: $86.2M

57% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 61

47% more capital invested

Capital invested by funds: $5.72B [Q2] → $8.39B (+$2.67B) [Q3]

9% more funds holding

Funds holding: 372 [Q2] → 407 (+35) [Q3]

5.44% more ownership

Funds ownership: 82.72% [Q2] → 88.15% (+5.44%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 135

18% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 9 (-2) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $92 3% upside
• Avg. target: $102 14% upside
• High target: $107 20% upside

10 analyst ratings

• positive: 9 90%
• neutral: 1 10%
• negative: 0 0%

Barclays Jared Shaw 63% 1-year accuracy 24 / 38 met price target	20% upside $107	Overweight Maintained	8 Nov 2024
Barclays Jared Shaw 63% 1-year accuracy 24 / 38 met price target	18% upside $105	Overweight Maintained	22 Oct 2024
Piper Sandler Matthew Clark 100% 1-year accuracy 11 / 11 met price target	13% upside $101	Overweight Maintained	21 Oct 2024
Truist Securities Brandon King 98% 1-year accuracy 55 / 56 met price target	7% upside $95	Buy Maintained	21 Oct 2024
JP Morgan Steven Alexopoulos 64% 1-year accuracy 25 / 39 met price target	18% upside $105	Overweight Maintained	21 Oct 2024