Added to YB: 2024-12-03
Pitch date: 2024-12-01
WAL [neutral]
Western Alliance Bancorporation
-5.25%
current return
Author Info
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Company Info
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.
Market Cap
$8.0B
Pitch Price
$92.44
Price Target
N/A
Dividend
2.06%
EV/EBITDA
N/A
P/E
9.13
EV/Sales
N/A
Sector
Banks
Category
value
What’s Bill Miller Buying Now? Western Alliance Bancorporation
WAL (suick summary): Phoenix bank, $68B deposits (+25% YoY), 11% CET1. 19% CRE loans offset by 30% non-interest deposits, 81.5% LDR. 1.2x TBV (~7x P/E), below 10yr avg 2.36x. Cheap due to economic uncertainty, rising expenses (6-9% for 2024). $9.8B Mcap.
Read full article (1 min)