Western Alliance Bancorporation (WAL)

• Market cap: $9.88B
• 1 day: 3.08%
• 5 days: 15.04%
• 1 month: 1.58%
• 3 months: -4.46%
• 6 months: 22.38%
• Year to date: 8.24%
• 1 year: 44.17%
• 5 years: 54.63%
• 10 years: 258.06%
• 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)

111% more call options, than puts

Call options by funds: $227M | Put options by funds: $107M

75% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 56

47% more capital invested

Capital invested by funds: $5.73B [Q2] → $8.42B (+$2.69B) [Q3]

10% more funds holding

Funds holding: 374 [Q2] → 412 (+38) [Q3]

5.64% more ownership

Funds ownership: 82.84% [Q2] → 88.48% (+5.64%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 136

18% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $95 6% upside
• Avg. target: $103 15% upside
• High target: $115 28% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

JP Morgan Anthony Elian 71% 1-year accuracy 10 / 14 met price target	17% upside $105	Overweight Maintained	7 Jan 2025
Wells Fargo Timur Braziler 61% 1-year accuracy 17 / 28 met price target	6% upside $95	Equal-Weight Maintained	6 Jan 2025
UBS Nicholas Holowko 50% 1-year accuracy 4 / 8 met price target	28% upside $115	Buy Assumed	17 Dec 2024
Barclays Jared Shaw 69% 1-year accuracy 48 / 70 met price target	19% upside $107	Overweight Maintained	8 Nov 2024
Piper Sandler Matthew Clark 83% 1-year accuracy 15 / 18 met price target	13% upside $101	Overweight Maintained	21 Oct 2024