Western Alliance Bancorporation (NYSE:WAL) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.2 by 5 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Keefe Bruyette & Woods upgrades its view on Western Alliance Bancorporation (NYSE:WAL) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Outperform. Keefe Bruyette & Woods raises the price target from $38 per share to $41 per share on Western Alliance Bancorporation. The rating by the firm was issued on March 30, 2016.
Western Alliance Bancorporation (NYSE:WAL): 4 analysts have set the short term price target of Western Alliance Bancorporation (NYSE:WAL) at $41.63. The standard deviation of short term price target has been estimated at $0.75, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 43 and $41 respectively.
Western Alliance Bancorporation (NYSE:WAL) witnessed a decline in the market cap on Tuesday as its shares dropped 0.77% or 0.26 points. After the session commenced at $34.05, the stock reached the higher end at $34.0799 while it hit a low of $33.28. With the volume soaring to 1,391,739 shares, the last trade was called at $33.68. The company has a 52-week high of $39.11. The company has a market cap of $3,486 million and there are 103,510,488 shares in outstanding. The 52-week low of the share price is $26.6.
Western Alliance Bancorporation has lost 1.17% in the last five trading days and dropped 5.87% in the last 4 weeks. Western Alliance Bancorporation is up 5.41% in the last 3-month period. Year-to-Date the stock performance stands at -6.08%.
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.