$0.93 EPS Expected for Western Alliance Bancorporation (WAL)

March 19, 2018 - By Richard Conner

 $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 is positive, 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.
First Interstate Comml Bank has 6,190 shares for 0.07% of their portfolio. State Of Wisconsin Inv Board holds 389,536 shares or 0.06% of its portfolio. Cadence Management has 29,513 shares. Sg Americas Securities Llc holds 0% or 6,555 shares. Mckinley Cap Mngmt Limited Liability Company Delaware stated it has 305,857 shares or 0.66% of all its holdings. First Ltd Partnership holds 193,664 shares or 0.03% of its portfolio. Regions Financial Corp holds 24,117 shares or 0.01% of its portfolio. Renaissance Limited Liability Company reported 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Sei, a Pennsylvania-based fund reported 271,680 shares. 3,871 are held by Dearborn Partners Limited Liability Com. Tdam Usa reported 0.11% in Western Alliance Bancorporation (NYSE:WAL). Lenox Wealth owns 67 shares for 0% of their portfolio. Hightower Lc has invested 0.03% in Western Alliance Bancorporation (NYSE:WAL). Manufacturers Life Insur The owns 0.04% invested in Western Alliance Bancorporation (NYSE:WAL) for 681,096 shares. Proshare Ltd Liability Com holds 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 13,315 shares.

Since October 23, 2017, it had 1 insider buy, and 15 insider sales for $15.51 million activity. Guedry John sold $606,436 worth of stock or 9,824 shares. Sarver Robert Gary sold $4.02M worth of stock. Ardrey J. Kelly Jr. sold 538 shares worth $32,441. Shares for $417,824 were sold by Theisen Randall S on Monday, March 5. On Thursday, February 1 LATTA ROBERT P bought $1,722 worth of Western Alliance Bancorporation (NYSE:WAL) or 29 shares. $169,080 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by MCAUSLAN ROBERT REOCH on Friday, December 15.

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 $98.27 million giving it 16.32 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 increased 0.88% or $0.53 during the last trading session, reaching $60.71. About 1.26 million shares traded or 89.54% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since March 19, 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. The firm has “Buy” rating by Piper Jaffray given on Tuesday, September 12. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 21. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, January 4 report. Barclays Capital maintained Western Alliance Bancorporation (NYSE:WAL) on Monday, October 23 with “Overweight” rating. Barclays Capital initiated the shares of WAL in report on Tuesday, February 14 with “Overweight” rating. The rating was maintained by SunTrust on Monday, January 29 with “Buy”. The company was maintained on Friday, January 26 by Keefe Bruyette & Woods. The company was maintained on Friday, September 29 by Jefferies. As per Tuesday, October 13, the company rating was initiated by Piper Jaffray. As per Tuesday, January 2, the company rating was maintained by Barclays Capital.

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 $6.42 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 19.58 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.

More news for Western Alliance Bancorporation (NYSE:WAL) were recently published by: Gurufocus.com, which released: “Western Alliance Bancorp (WAL) Files 10-K for the Fiscal Year Ended on …” on February 26, 2018. Bizjournals.com‘s article titled: “Ed Zito to retire after 15 years as president of Alliance Bank” and published on March 14, 2018 is yet another important article.

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