Western Alliance Bancorporation (WAL) To Go Ex-Dividend on May 14th

Western Alliance Bancorporation (NYSE:WAL) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.42 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, May 14th.

Western Alliance Bancorporation has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Western Alliance Bancorporation has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Western Alliance Bancorporation to earn $11.63 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 14.4%.

Western Alliance Bancorporation Trading Down 5.9%

NYSE WAL opened at $77.06 on Tuesday. Western Alliance Bancorporation has a 1-year low of $65.82 and a 1-year high of $97.23. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $75.10 and a 200-day moving average of $81.78. The firm has a market cap of $8.37 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. Western Alliance Bancorporation had a return on equity of 13.58% and a net margin of 17.03%.The company had revenue of $968.40 million during the quarter, compared to analyst estimates of $944.18 million. During the same quarter in the previous year, the company posted $1.79 EPS. Western Alliance Bancorporation’s revenue for the quarter was up 31.0% on a year-over-year basis. As a group, sell-side analysts forecast that Western Alliance Bancorporation will post 9.92 EPS for the current year.

About Western Alliance Bancorporation

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.