Western Alliance Bancorporation (WAL) To Go Ex-Dividend on February 20th

Western Alliance Bancorporation (NYSE:WAL) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, February 20th will be paid a dividend of 0.42 per share by the financial services provider on Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, February 20th.

Western Alliance Bancorporation has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Western Alliance Bancorporation has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Western Alliance Bancorporation to earn $10.44 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 16.1%.

Western Alliance Bancorporation Price Performance

WAL stock opened at $94.43 on Friday. The company has a market cap of $10.39 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.77 and a beta of 1.37. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $87.39 and a two-hundred day moving average price of $84.11. Western Alliance Bancorporation has a 12-month low of $57.05 and a 12-month high of $94.68.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings data on Monday, January 26th. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.19. Western Alliance Bancorporation had a return on equity of 13.33% and a net margin of 18.04%.The company had revenue of $980.90 million for the quarter, compared to the consensus estimate of $912.69 million. During the same period last year, the business posted $1.95 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.