With 1.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $88.24 whereas the lowest price it dropped to was $85.95. 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 $106.29. With its current market cap of 9.67 billion, WAL has annualized dividend of $1.49 while the current yield stands at 1.70%. WAL paid its most recent dividend on 1731628800, while the ex-dividend date for that was 1731628800. Beta for the stock currently stands at 1.45.
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 up-trending over the past week, with a rise of 7.62%, but this was down by -2.80% over a month. Three-month performance dropped to -1.05% while six-month performance rose 19.21%. The stock gained 41.29% in the past year, while it has gained 5.18% so far this year. A look at the trailing 12-month EPS for WAL yields 6.47 with Next year EPS estimates of 8.90. For the next quarter, that number is 1.90. This implies an EPS growth rate of 7.95% for this year and 26.09% 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 2024-12-31, short shares totaled 5.65 million, which was 513.0 higher than short shares on 1732838400. 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 0.91545 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 95.0, the average target price over the next 12 months is 106.28571. Based on these targets, WAL could surge 34.29% to reach the target high and rise by 8.11% to reach the target low. Reaching the average price target will result in a growth of 20.96% from current levels.
Analysts have provided yearly estimates in a range of $7.13914 being high and $6.95049 being low. For WAL, this leads to a yearly average estimate of $7.05971. Based on analyst estimates, the high estimate for the next quarter is $2.03 and the low estimate is $1.78. The average estimate for the next quarter is thus $1.93.
