Western Alliance Bancorporation (WAL) Analysts See $0.93 EPS

March 21, 2018 - By Vivian Park

 Western Alliance Bancorporation (WAL) Analysts See $0.93 EPS
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.
Lenox Wealth Inc owns 67 shares. Aimz Investment Ltd Com invested in 0.23% or 5,676 shares. Qs Investors Ltd Llc reported 0.06% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Dearborn Prtnrs Ltd Liability Corporation reported 3,871 shares. Point72 Asia (Hong Kong) invested in 10 shares or 0% of the stock. Symphony Asset Ltd reported 0.08% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). The Texas-based Employees Retirement System Of Texas has invested 0.1% in Western Alliance Bancorporation (NYSE:WAL). Maryland-based Price T Rowe Assocs Md has invested 0.07% in Western Alliance Bancorporation (NYSE:WAL). Public Employees Retirement Association Of Colorado holds 0.19% in Western Alliance Bancorporation (NYSE:WAL) or 504,360 shares. Etrade Cap Mngmt Limited Liability Company has 31,762 shares. Wellington Group Ltd Liability Partnership owns 3.68M shares. Bnp Paribas Asset Management Sa reported 227,927 shares. Cornercap Counsel invested in 15,670 shares or 0.12% of the stock. Suntrust Banks holds 0.01% in Western Alliance Bancorporation (NYSE:WAL) or 38,890 shares. Rafferty Asset Management Ltd Co has 20,549 shares for 0.02% of their portfolio.

Since October 23, 2017, it had 1 buy, and 15 selling transactions for $15.51 million activity. 10,000 shares valued at $555,462 were sold by BOYD WILLIAM S on Monday, October 23. $32,441 worth of stock was sold by Ardrey J. Kelly Jr. on Thursday, February 15. MCAUSLAN ROBERT REOCH sold $123,880 worth of Western Alliance Bancorporation (NYSE:WAL) on Friday, March 9. Theisen Randall S also sold $173,578 worth of Western Alliance Bancorporation (NYSE:WAL) shares. Guedry John sold $606,436 worth of Western Alliance Bancorporation (NYSE:WAL) on Tuesday, March 6. LATTA ROBERT P bought 29 shares worth $1,722.

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. The firm has “Buy” rating by Jefferies given on Sunday, August 27. RBC Capital Markets maintained it with “Buy” rating and $58.0 target in Thursday, September 7 report. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Jefferies on Friday, June 23. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Barclays Capital on Tuesday, January 2. Jefferies maintained the shares of WAL in report on Wednesday, April 5 with “Buy” rating. The firm earned “Buy” rating on Tuesday, December 12 by Keefe Bruyette & Woods. As per Monday, January 29, the company rating was maintained by SunTrust. Piper Jaffray maintained Western Alliance Bancorporation (NYSE:WAL) on Tuesday, September 12 with “Buy” rating. The firm earned “Buy” rating on Monday, January 29 by Jefferies.

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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