Western Alliance Bancorporation trades as part of the banking industry and is in the financial services sector. The company CEO is Kenneth A. Vecchione. Western Alliance Bancorp is a bank holding company. It provides specialized banking services including deposit, lending, treasury management, and online banking products and services. The company’s primary source of revenue is interest income.
Previous Intraday Performance:
The WAL shares had a previous change of 0.46% which opened at 43.34 and closed at 43.36. It moved to an intraday high of 43.80 and a low of 43.19.
Over the last five trading days, WAL shares returned -0.89% and in the past 30 trading days it returned -9.72%. Over three months, it changed -1.88%. In one year it has changed -30.59% and within that year its 52 week high was 62.36 and its 52 week low was 37.39. WAL stock is 15.97% above its 52 week low.
Our calculations result in a 200 day moving average of 47.09 and a 50 day moving average of 44.99. Right now, WAL stock is trading -7.92% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.
The company has a market cap of $4.5b with 104.5m shares outstanding and a float of 102.0m shares. Trading volume was 499,121 shares and has experienced an average volume of 643,146 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.
The last annual reported EPS for Western Alliance Bancorporation was 4.14 which ended on 31st of December 2018, which according to the previous close, that is a PE of 10.47. Based on 7 analyst estimates, the consensus EPS for the next quarter is 1.10. The trailing twelve month EPS reported is 4.13 (trailing twelve month diluted EPS is 4.33).
Below was the last reported quarterly diluted earnings per share:
|1st||Qtr 2019||Reported 04-22-2019:||1.16|
|4th||Qtr 2018||Reported 01-24-2019:||1.13|
|3rd||Qtr 2018||Reported 10-18-2018:||1.05|
|2nd||Qtr 2018||Reported 07-19-2018:||0.99|
|1st||Qtr 2018||Reported 04-19-2018:||0.96|
Base on our calculations, the intrinsic value per share is 94.95, which means it might be undervalued and has a margin of safety of 54.33%.
EPS growth is an important number as it indicates the future prospects of Western Alliance Bancorporation; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 14.70% over the last twelve months.
Indicators Also to Watch:
Short-interest was 2,072,804, which was 1.98% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.26. This stock has some short interest, but it might be normal and no need to worry if long the position.
The beta was calculated to be 1.60.
Based on last reported financials, the company’s return on assets is 2.13%, profit margin is 40.91%, price-to-sales is 4.02 and price-to-book is 1.66.
Company Score Card:
Results are out of six:
2 : Growth Expectations Result
6 : Financial Safety Result
3 : Past Performance Result
4 : Valuation Result
1 : Dividend Safety Result
3 : Overall Result