Are Analysts Bullish about Western Alliance Bancorporation (NYSE:WAL) after last week?

September 8, 2018 - By Victoria Pittman

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.21, from 1.26 in 2017Q4. It worsened, 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.
Illinois-based Hightower Advsrs Ltd Com has invested 0.03% in Western Alliance Bancorporation (NYSE:WAL). Qs Investors Limited Liability holds 0.07% in Western Alliance Bancorporation (NYSE:WAL) or 121,899 shares. Retail Bank Of New York Mellon reported 0.01% stake. Tiaa Cref Investment Management Limited Company stated it has 462,847 shares. Public Employees Retirement Of Ohio reported 137,310 shares stake. Clearbridge Investments Ltd Liability Company has 0.14% invested in Western Alliance Bancorporation (NYSE:WAL). First Quadrant Lp Ca owns 119,137 shares for 0.13% of their portfolio. Los Angeles Capital & Equity accumulated 475,365 shares. Moreover, Architects Incorporated has 0.01% invested in Western Alliance Bancorporation (NYSE:WAL). Boston Limited Liability Com reported 25,110 shares. Fiera Capital Corp owns 0.24% invested in Western Alliance Bancorporation (NYSE:WAL) for 862,010 shares. Aurora Counsel stated it has 27,919 shares or 0.81% of all its holdings. Zweig holds 193,219 shares. Us State Bank De reported 0.01% stake. Kennedy Mngmt reported 247,856 shares stake.

Since March 6, 2018, it had 2 insider purchases, and 6 insider sales for $985,420 activity. Another trade for 2,500 shares valued at $150,000 was sold by Sohn Sung Won. 6,185 Western Alliance Bancorporation (NYSE:WAL) shares with value of $375,553 were sold by Sarver Robert Gary. Vecchione Kenneth bought $592,264 worth of Western Alliance Bancorporation (NYSE:WAL) on Friday, July 27. 5,500 shares were sold by CADY GERALD A, worth $330,000 on Monday, April 30. Shares for $263,880 were sold by SNYDER DONALD D on Monday, July 23. Another trade for 2,093 shares valued at $119,050 was bought by GIBBONS DALE.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 5 analysts covering Western Alliance Bancorp (NYSE:WAL), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Western Alliance Bancorp had 5 analyst reports since March 22, 2018 according to SRatingsIntel. On Tuesday, April 24 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Friday, April 20 by Sandler O’Neill. Citigroup initiated it with “Hold” rating and $6900 target in Monday, June 18 report. Below is a list of Western Alliance Bancorporation (NYSE:WAL) latest ratings and price target changes.

10/07/2018 Broker: Wedbush Rating: Outperform New Target: $67 Initiates Coverage On
18/06/2018 Broker: Citigroup Rating: Hold New Target: $69.0000 Initiate
24/04/2018 Broker: Jefferies Rating: Buy New Target: $67.0000 Maintain
20/04/2018 Broker: Sandler O’Neill Rating: Buy New Target: $68.0000 Maintain
22/03/2018 Broker: UBS Rating: Buy New Target: $70 Initiates Coverage On

The stock decreased 0.45% or $0.26 during the last trading session, reaching $57.09. About 418,100 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 34.12% since September 8, 2017 and is uptrending. It has outperformed by 21.55% the S&P500.

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 $6.04 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 15.9 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 Bizjournals.com which published an article titled: “New Baum private equity fund makes first investment” on August 29, 2018.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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