$1.03 EPS Expected for Western Alliance Bancorporation (WAL)

September 16, 2018 - By Megan Stone

Investors sentiment increased to 1.21 in Q2 2018. Its up 0.16, from 1.05 in 2018Q1. It increased, as 15 investors sold Western Alliance Bancorporation shares while 104 reduced holdings. 51 funds opened positions while 93 raised stakes. 84.69 million shares or 1.15% less from 85.68 million shares in 2018Q1 were reported.
Cipher Cap Limited Partnership reported 10,103 shares. Atria Invs Ltd Limited Liability Company has 0.01% invested in Western Alliance Bancorporation (NYSE:WAL) for 3,703 shares. Numerixs Techs invested 0.02% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). New York-based Ny State Common Retirement Fund has invested 0.04% in Western Alliance Bancorporation (NYSE:WAL). Stone Ridge Asset Mngmt Lc holds 4,780 shares. Hood River Capital Mgmt Limited Liability Company has invested 1.19% in Western Alliance Bancorporation (NYSE:WAL). Boston Ltd Liability Co has invested 0.03% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Natixis has 13,589 shares. 186,288 are held by Bnp Paribas Asset Sa. Westfield Cap Mgmt Lp has 0.44% invested in Western Alliance Bancorporation (NYSE:WAL). Adage Partners Grp Incorporated Limited Liability Corporation has 0.05% invested in Western Alliance Bancorporation (NYSE:WAL). 342,457 are owned by Mountain Pacific Investment Advisers Id. Aimz Invest Advsrs Lc invested in 0.23% or 5,633 shares. Moreover, Bb&T Corp has 0.02% invested in Western Alliance Bancorporation (NYSE:WAL) for 21,387 shares. Dana Advisors owns 49,904 shares or 0.12% of their US portfolio.

Since March 16, 2018, it had 2 buys, and 5 insider sales for $609,867 activity. GIBBONS DALE bought $119,050 worth of stock. $375,553 worth of stock was sold by Sarver Robert Gary on Friday, March 16. $150,000 worth of stock was sold by Sohn Sung Won on Friday, May 4. 3,000 shares valued at $186,780 were sold by MCAUSLAN ROBERT REOCH on Wednesday, June 6. CADY GERALD A sold 5,500 shares worth $330,000. On Friday, July 27 the insider Vecchione Kenneth bought $592,264.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $1.03 EPS on October, 18.They anticipate $0.24 EPS change or 30.38 % from last quarter’s $0.79 EPS. WAL’s profit would be $109.05 million giving it 14.12 P/E if the $1.03 EPS is correct. After having $0.99 EPS previously, Western Alliance Bancorporation’s analysts see 4.04 % EPS growth. The stock increased 3.74% or $2.1 during the last trading session, reaching $58.18. About 1.14 million shares traded or 91.90% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 18.04% since September 16, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

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”. On Monday, June 18 the stock rating was initiated by Citigroup with “Hold”. Sandler O’Neill maintained Western Alliance Bancorporation (NYSE:WAL) on Friday, April 20 with “Buy” rating.

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 $6.16 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 16.21 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.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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