With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $89.48 whereas the lowest price it dropped to was $88.01. The 52-week range on WAL shows that it touched its highest point at $96.45 and its lowest point at $47.60 during that stretch. It currently has a 1-year price target of $100.86. With its current market cap of 9.81 billion, WAL has annualized dividend of $1.49 while the current yield stands at 1.67%. Beta for the stock currently stands at 1.44.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WAL was down-trending over the past week, with a drop of -3.94%, but this was up by 8.29% over a month. Three-month performance surged to 15.16% while six-month performance rose 38.55%. The stock gained 80.14% in the past year, while it has gained 35.54% so far this year. A look at the trailing 12-month EPS for WAL yields 6.47 with Next year EPS estimates of 9.04. For the next quarter, that number is 1.93. This implies an EPS growth rate of 8.57% for this year and 27.25% for next year. EPS is expected to grow by 10.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.60%.
Float and Shares Shorts:
At present, 109.47 million WAL shares are outstanding with a float of 108.41 million shares on hand for trading. On 2024-10-31, short shares totaled 6.4 million, which was 581.0 higher than short shares on 1727654400. In addition to Mr. Kenneth A. Vecchione as the firm’s CEO, President & Director, Mr. Timothy W. Boothe serves as its Chief Administration Officer.
Institutional Ownership:
Through their ownership of 0.90818 of WAL’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WAL since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WAL analysts setting a high price target of 107.0 and a low target of 92.0, the average target price over the next 12 months is 100.14286. Based on these targets, WAL could surge 20.0% to reach the target high and rise by 3.17% to reach the target low. Reaching the average price target will result in a growth of 12.31% from current levels.
Analysts have provided yearly estimates in a range of $7.21019 being high and $6.97118 being low. For WAL, this leads to a yearly average estimate of $7.10064. The surprise factor in the prior quarter was $1.7. Based on analyst estimates, the high estimate for the next quarter is $2.08 and the low estimate is $1.76. The average estimate for the next quarter is thus $1.94.
