Analyst Price Target Update on Western Alliance Bancorporation (NYSE:WAL)

Western Alliance Bancorporation (NYSE:WAL) should head towards $41.63 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $41 per share. The higher price estimate target is at $43 according to the Analysts.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Keefe Bruyette & Woods upgrades its rating on Western Alliance Bancorporation (NYSE:WAL). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Outperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods raises the price target from $38 per share to $41 per share. The rating by the firm was issued on March 30, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Western Alliance Bancorporation, Johnson Marianne Boyd sold 5,000 shares at $37.76 on June 7, 2016. The Insider selling transaction had a total value worth of $188,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Western Alliance Bancorporation (NYSE:WAL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.12 points or 3.09% at $35.09 with 1,323,624 shares getting traded. Post opening the session at $35.86, the shares hit an intraday low of $35.05 and an intraday high of $35.86 and the price was in this range throughout the day. The company has a market cap of $3,632 million and the number of outstanding shares have been calculated to be 103,510,488 shares. The 52-week high of Western Alliance Bancorporation (NYSE:WAL) is $39.11 and the 52-week low is $26.6.

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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