$0.93 EPS Expected for Western Alliance Bancorporation (WAL)

March 21, 2018 - By wolcottdaily

 $0.93 EPS Expected for Western Alliance Bancorporation (WAL)
Investors sentiment increased to 1.32 in Q3 2017. Its up 0.30, from 1.02 in 2017Q2. It increased, as 20 investors sold Western Alliance Bancorporation shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported.
Goldman Sachs Group holds 526,643 shares. 347,455 are owned by Penn Mngmt. 983,427 were accumulated by Panagora Asset Mngmt. Mountain Pacific Invest Advisers Id reported 1.91% in Western Alliance Bancorporation (NYSE:WAL). Shine Invest Advisory Services Inc holds 0.03% or 1,132 shares in its portfolio. Johnson Investment Counsel Inc accumulated 10,470 shares. Bluemountain Ltd Liability Corp owns 31,667 shares or 0.03% of their US portfolio. Ngam Advsrs Limited Partnership has 0.01% invested in Western Alliance Bancorporation (NYSE:WAL). Sei Company holds 0.05% or 271,680 shares in its portfolio. Stratos Wealth Prtnrs Ltd holds 0.03% or 12,209 shares. 39,693 are owned by Creative Planning. Fmr Ltd holds 783,683 shares or 0.01% of its portfolio. 1.29 million are held by Dimensional Fund Advsrs Ltd Partnership. Quantbot Limited Partnership reported 0.07% in Western Alliance Bancorporation (NYSE:WAL). Moreover, Delta Asset Limited Liability Tn has 0% invested in Western Alliance Bancorporation (NYSE:WAL).

Since October 23, 2017, it had 1 buy, and 15 insider sales for $15.51 million activity. On Friday, October 27 the insider Sarver Robert Gary sold $2.81 million. Sohn Sung Won also sold $279,450 worth of Western Alliance Bancorporation (NYSE:WAL) on Wednesday, October 25. Theisen Randall S had sold 2,942 shares worth $173,578 on Friday, January 26. BOYD WILLIAM S also sold $555,462 worth of Western Alliance Bancorporation (NYSE:WAL) on Monday, October 23. 29 shares valued at $1,722 were bought by LATTA ROBERT P on Thursday, February 1. SNYDER DONALD D had sold 4,000 shares worth $223,880 on Wednesday, October 25.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $0.93 EPS on April, 19.They anticipate $0.23 EPS change or 32.86 % from last quarter’s $0.7 EPS. WAL’s profit would be $98.28 million giving it 16.19 P/E if the $0.93 EPS is correct. After having $0.85 EPS previously, Western Alliance Bancorporation’s analysts see 9.41 % EPS growth. The stock decreased 0.25% or $0.15 during the last trading session, reaching $60.23. About 567,541 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since March 21, 2017 and is uptrending. It has outperformed by 12.38% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 13 analysts covering Western Alliance Bancorp (NYSE:WAL), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance Bancorp had 49 analyst reports since September 8, 2015 according to SRatingsIntel. On Thursday, January 4 the stock rating was maintained by Sandler O’Neill with “Buy”. The company was maintained on Wednesday, July 5 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $69.0 target in Monday, January 29 report. Barclays Capital maintained Western Alliance Bancorporation (NYSE:WAL) rating on Tuesday, January 2. Barclays Capital has “Buy” rating and $69.0 target. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, December 12. Keefe Bruyette & Woods maintained it with “Buy” rating and $58.0 target in Tuesday, October 3 report. Barclays Capital initiated it with “Overweight” rating and $58 target in Tuesday, February 14 report. DA Davidson upgraded it to “Buy” rating and $37 target in Thursday, February 11 report. The stock has “Buy” rating by RBC Capital Markets on Friday, January 26. SunTrust maintained the stock with “Buy” rating in Monday, January 29 report.

Western Alliance Bancorporation operates as the holding firm for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company has market cap of $6.37 billion. The firm offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It has a 19.43 P/E ratio. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.

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