With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.13 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $85.5475 whereas the lowest price it dropped to was $82.0. The 52-week range on WAL shows that it touched its highest point at $98.10 and its lowest point at $53.75 during that stretch. It currently has a 1-year price target of $107.43. With its current market cap of 9.12 billion, WAL has annualized dividend of $1.49 while the current yield stands at 1.80%. WAL paid its most recent dividend on 1723766400, while the ex-dividend date for that was 1731628800. Beta for the stock currently stands at 1.46.
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 -2.18%, but this was down by -11.04% over a month. Three-month performance dropped to -0.14% while six-month performance rose 29.63%. The stock gained 28.17% in the past year, while it has lost -0.77% so far this year. A look at the trailing 12-month EPS for WAL yields 6.47 with Next year EPS estimates of 8.94. For the next quarter, that number is 1.91. This implies an EPS growth rate of 8.10% for this year and 26.40% for next year. EPS is expected to grow by 12.00% 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, 110.07 million WAL shares are outstanding with a float of 108.41 million shares on hand for trading. On 2024-12-13, short shares totaled 6.38 million, which was 579.0 higher than short shares on 1731628800. In addition to Mr. Dale M. Gibbons CPA as the firm’s Interim CEO, CFO, Vice Chairman, & Executive VP, Mr. Kenneth A. Vecchione serves as its CEO, President & Director (Leave Of Absense).
Institutional Ownership:
Through their ownership of 0.91528 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 118.0 and a low target of 99.0, the average target price over the next 12 months is 106.71429. Based on these targets, WAL could surge 42.34% to reach the target high and rise by 19.42% to reach the target low. Reaching the average price target will result in a growth of 28.73% from current levels.
Analysts have provided yearly estimates in a range of $7.13922 being high and $6.95056 being low. For WAL, this leads to a yearly average estimate of $7.06971. Based on analyst estimates, the high estimate for the next quarter is $2.03 and the low estimate is $1.76. The average estimate for the next quarter is thus $1.91.
