Western Alliance Bancorporation (WAL) : The consensus on Western Alliance Bancorporation (WAL) based on 6 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Western Alliance Bancorporation (WAL) stock is expected to deviate a maximum of $1.65 from the average target price of $42.13 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $44 and the most muted being $40.
Western Alliance Bancorporation (NYSE:WAL): After opening at $36, the stock dipped to an intraday low of $36 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.39 and the buying power remained strong till the end. The stock closed at $36.25 for the day, a gain of 0.86% for the day session. The total traded volume was 814,535. The stocks close on the previous trading day was $35.94.
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.