$0.97 EPS Expected for Western Alliance Bancorporation (WAL)

June 19, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.21, from 1.26 in 2017Q4. It dived, 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.
Moreover, Cornerstone Inc has 0.02% invested in Western Alliance Bancorporation (NYSE:WAL) for 603 shares. Manufacturers Life Insurance The has 999,696 shares for 0.06% of their portfolio. Campbell Com Inv Adviser Limited Co has 0.2% invested in Western Alliance Bancorporation (NYSE:WAL) for 4,077 shares. Bb&T Limited Liability Corp invested in 6,172 shares or 0% of the stock. Pitcairn has invested 0.04% in Western Alliance Bancorporation (NYSE:WAL). Massmutual Tru Co Fsb Adv has 28 shares for 0% of their portfolio. Comerica Retail Bank stated it has 5,631 shares or 0% of all its holdings. Foundry Ltd Liability holds 0.11% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 45,997 shares. Td Asset Management reported 112,258 shares stake. 31,789 are held by Deutsche Bank Ag. First Interstate Comml Bank holds 0.07% or 5,645 shares. State Of Alaska Department Of Revenue accumulated 8,400 shares. Hsbc Holdg Public Ltd Company holds 0% or 13,746 shares in its portfolio. Invest Counselors Of Maryland Limited Liability Corporation has 5,836 shares for 0.02% of their portfolio. Castleark Limited Company holds 0.53% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 285,879 shares.

Since January 26, 2018, it had 1 buying transaction, and 11 selling transactions for $6.54 million activity. 538 shares valued at $32,441 were sold by Ardrey J. Kelly Jr. on Thursday, February 15. Shares for $330,000 were sold by CADY GERALD A on Monday, April 30. On Friday, March 2 the insider Sarver Robert Gary sold $4.02 million. MCAUSLAN ROBERT REOCH had sold 2,000 shares worth $123,880. $150,000 worth of Western Alliance Bancorporation (NYSE:WAL) shares were sold by Sohn Sung Won. Shares for $606,436 were sold by Guedry John.

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 15.90 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 increased 0.31% or $0.19 during the last trading session, reaching $61.68. About 361,045 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 34.12% since June 19, 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 it with “Buy” rating and $68.0 target in Friday, January 26 report. Jefferies maintained the shares of WAL in report on Tuesday, April 24 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The firm earned “Buy” rating on Friday, January 26 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. Sandler O’Neill maintained the shares of WAL in report on Friday, April 20 with “Buy” rating. Wells Fargo maintained Western Alliance Bancorporation (NYSE:WAL) rating on Tuesday, January 9. Wells Fargo has “Hold” rating and $62.0 target. The rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 4. The company was maintained on Monday, January 29 by SunTrust. Jefferies maintained it with “Buy” rating and $69.0 target in Monday, January 29 report.

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 $6.53 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 19.9 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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