Impact of Brokerage Rating on Western Alliance Bancorporation(WAL)

Many Western Alliance Bancorporation(WAL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Western Alliance Bancorporation was Initiated by Barclays on Feb 14, 2017 to Overweight, Price Target of the shares are set at $58.

Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Don Garner (EVP, Arizona Administration) sold 1,277 shares at 50.00 per share price.On Feb 7, 2017, Steven J Hilton (director) sold 49,700 shares at 50.09 per share price.On Feb 6, 2017, James E D V M Nave (director) sold 5,000 shares at 49.00 per share price.

Western Alliance Bancorporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.67. The company had revenue of $185.75 million for the quarter, compared to analysts expectations of $190.73 million. The companys revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

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 1.57 by 7 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Western Alliance Bancorporation (NYSE:WAL) shares are expected to touch $54.4 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 5.41. The target price could hit $60 on the higher end and $46 on the lower end.

Western Alliance Bancorporation (NYSE:WAL) rose 3.98% or 2.03 points on Tuesday and made its way into the gainers of the day. After trading began at $51.37 the stock was seen hitting $53.0598 as a peak level and $51.25 as the lowest level. The stock ended up at $52.99. The daily volume was measured at 1,701,865 shares. The 52-week high of the share price is $53.0598 and the 52-week low is $28.59. The company has a market cap of $5,568 million.

Western Alliance Bancorporation is the parent company of BankWest of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Miller/Russell & Associates, and Premier Trust. These dynamic companies provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers needs than larger institutions.

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