Analyst Rating Update on Western Alliance Bancorporation (WAL)

Western Alliance Bancorporation (NYSE:WAL) : 4 brokerage houses believe that Western Alliance Bancorporation (NYSE:WAL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.2.

Western Alliance Bancorporation (NYSE:WAL) : 4 investment research analysts covering Western Alliance Bancorporation (NYSE:WAL) have an average price target of $42.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $41 for the short term. Analysts expect the variance to be within $1.25 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Western Alliance Bancorporation (NYSE:WAL): stock turned positive on Tuesday. Though the stock opened at $31, the bulls momentum made the stock top out at $31.34 level for the day. The stock recorded a low of $30.54 and closed the trading day at $31.19, in the green by 3.90%. The total traded volume for the day was 1,425,576. The stock had closed at $30.02 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Western Alliance Bancorporation, Johnson Marianne Boyd had sold 5,000 shares worth of $188,800 in a transaction dated June 7, 2016. In this transaction, 5,000 shares were sold at $37.76 per share.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits, lending, treasury management, and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Companys segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL) and Corporate & Other. Its Arizona, Nevada, and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers, including commercial real estate (CRE) loans, construction and land development loans, commercial loans and consumer loans, through the Bank and its banking divisions, and operating subsidiaries. It offers a range of deposit products, including checking accounts, money market accounts and other types of deposit accounts, such as fixed-rate and fixed maturity retail certificates of deposit.

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