Western Alliance Bancorporation (NYSE:WAL) EVP Randall S. Theisen sold 7,065 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $59.14, for a total value of $417,824.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Western Alliance Bancorporation (NYSE WAL) opened at $62.30 on Friday. Western Alliance Bancorporation has a 52-week low of $44.64 and a 52-week high of $62.48. The stock has a market capitalization of $6,510.14, a P/E ratio of 19.87, a PEG ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.
Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Western Alliance Bancorporation had a return on equity of 15.50% and a net margin of 36.56%. The firm had revenue of $224.72 million during the quarter, compared to analyst estimates of $225.19 million. During the same quarter in the prior year, the company earned $0.70 EPS. research analysts expect that Western Alliance Bancorporation will post 4.01 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on WAL shares. ValuEngine cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Zacks Investment Research cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Wells Fargo & Co reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $54.00) on shares of Western Alliance Bancorporation in a report on Tuesday, January 9th. DA Davidson reiterated a “buy” rating on shares of Western Alliance Bancorporation in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $68.00 price objective on shares of Western Alliance Bancorporation in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $66.59.
Western Alliance Bancorporation Company Profile
Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.
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