Western Alliance Bancorporation (WAL) : 5 analysts are covering Western Alliance Bancorporation (WAL) and their average rating on the stock is 1.2, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Western Alliance Bancorporation (WAL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels.
Western Alliance Bancorporation (WAL) : 4 investment research analysts covering Western Alliance Bancorporation (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): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.40 and $33.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.11, notching a gain of 3.77% for the day. The total traded volume was 1,022,839 . The stock had closed at $32.87 on the previous day.
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.