Western Alliance Bancorporation (WAL) Analysts See $0.97 EPS

June 17, 2018 - By Henry Gaston

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.21, from 1.26 in 2017Q4. It fall, as 33 investors sold Western Alliance Bancorporation shares while 99 reduced holdings. 46 funds opened positions while 92 raised stakes. 85.68 million shares or 0.37% more from 85.36 million shares in 2017Q4 were reported.
Basswood Cap Limited Liability Company invested 0.19% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). First Republic Investment Management Inc holds 66,846 shares or 0.03% of its portfolio. Architects holds 0.01% or 613 shares in its portfolio. Mariner Limited Liability Corp holds 77,468 shares. Sandler Cap reported 6,300 shares stake. Mackenzie invested in 74,831 shares. Blackrock, a New York-based fund reported 5.36M shares. Comerica National Bank & Trust reported 5,631 shares. Metropolitan Life New York accumulated 0% or 5,341 shares. Massachusetts Fincl Ser Com Ma owns 27,673 shares. Evercore Wealth Mgmt Limited Liability Company reported 0.01% stake. Wellington Management Group Incorporated Llp invested in 1.86 million shares or 0.02% of the stock. Employees Retirement Association Of Colorado invested in 598,507 shares. 6,990 were accumulated by Pitcairn. Symphony Asset Mgmt Ltd Co accumulated 9,064 shares.

Since January 26, 2018, it had 1 buy, and 11 insider sales for $6.54 million activity. $122,040 worth of stock was sold by MCAUSLAN ROBERT REOCH on Friday, February 16. $1,722 worth of Western Alliance Bancorporation (NYSE:WAL) shares were bought by LATTA ROBERT P. Sarver Robert Gary had sold 6,185 shares worth $375,553 on Friday, March 16. Theisen Randall S also sold $417,824 worth of Western Alliance Bancorporation (NYSE:WAL) shares. Another trade for 2,500 shares valued at $150,000 was made by Sohn Sung Won on Friday, May 4. CADY GERALD A had sold 5,500 shares worth $330,000.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $0.97 EPS on July, 19.They anticipate $0.21 EPS change or 27.63 % from last quarter’s $0.76 EPS. WAL’s profit would be $102.68M giving it 15.85 P/E if the $0.97 EPS is correct. After having $0.96 EPS previously, Western Alliance Bancorporation’s analysts see 1.04 % EPS growth. The stock decreased 0.63% or $0.39 during the last trading session, reaching $61.49. About 1.01M shares traded or 71.73% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 34.12% since June 17, 2017 and is uptrending. It has outperformed by 21.55% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 9 analysts covering Western Alliance (NYSE:WAL), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance had 16 analyst reports since December 21, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Friday, January 26 report. On Monday, January 8 the stock rating was maintained by SunTrust with “Buy”. The stock has “Hold” rating by Wells Fargo on Tuesday, January 9. On Monday, January 29 the stock rating was maintained by Sandler O’Neill with “Buy”. Keefe Bruyette & Woods maintained Western Alliance Bancorporation (NYSE:WAL) on Friday, January 26 with “Buy” rating. The stock has “Buy” rating by Barclays Capital on Tuesday, January 2. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Sandler O’Neill maintained Western Alliance Bancorporation (NYSE:WAL) rating on Thursday, January 4. Sandler O’Neill has “Buy” rating and $66.0 target. As per Monday, January 29, the company rating was maintained by SunTrust. The rating was upgraded by Wells Fargo to “Buy” on Monday, January 29.

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 $6.51 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 19.84 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.

Another recent and important Western Alliance Bancorporation (NYSE:WAL) news was published by Streetinsider.com which published an article titled: “Western Alliance Bancorporation (WAL)” on May 25, 2018.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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