Press coverage about Western Alliance Bancorporation (NYSE:WAL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Alliance Bancorporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.7553573566125 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Western Alliance Bancorporation opened at $61.85 on Thursday, according to Marketbeat. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.18 and a beta of 1.57. Western Alliance Bancorporation has a 12 month low of $44.64 and a 12 month high of $62.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91.
Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $226.90 million for the quarter, compared to the consensus estimate of $232.59 million. Western Alliance Bancorporation had a return on equity of 16.18% and a net margin of 37.80%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. equities research analysts forecast that Western Alliance Bancorporation will post 4.05 EPS for the current year.
Several equities research analysts recently weighed in on WAL shares. Sandler O’Neill reissued a “buy” rating and set a $69.00 price objective on shares of Western Alliance Bancorporation in a report on Monday, January 29th. UBS started coverage on Western Alliance Bancorporation in a report on Wednesday, March 21st. They set a “buy” rating and a $70.00 price objective on the stock. ValuEngine downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. DA Davidson reaffirmed a “buy” rating on shares of Western Alliance Bancorporation in a report on Friday, January 26th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $70.00 target price on shares of Western Alliance Bancorporation in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Western Alliance Bancorporation has a consensus rating of “Buy” and an average price target of $66.79.
In other news, Director Sung Won Sohn sold 2,500 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the transaction, the director now directly owns 5,310 shares of the company’s stock, valued at approximately $318,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert Gary Sarver sold 67,057 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $59.95, for a total value of $4,020,067.15. The disclosure for this sale can be found here. Insiders sold a total of 90,307 shares of company stock worth $5,417,324 over the last three months. 7.48% of the stock is owned by company insiders.
Western Alliance Bancorporation Company Profile
Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts.
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