Western Alliance Bancorp. Reaches New 12-Month High at $20.66 (WAL)
Western Alliance Bancorp. (NYSE:WAL)’s share price reached a new 52-week high during trading on Monday, AnalystRatings.Net reports. The stock traded as high as $20.66 and last traded at $20.57, with a volume of 300,325 shares traded. The stock had previously closed at $20.30.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research initiated coverage on shares of Western Alliance Bancorp. in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Western Alliance Bancorp. in a research note to investors on Friday, September 27th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Western Alliance Bancorp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, September 20th. They now have a $19.80 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.54.
Western Alliance Bancorp. has a 52 week low of $9.28 and a 52 week high of $20.31. The stock’s 50-day moving average is $17.9 and its 200-day moving average is $16.13. The company has a market cap of $1.768 billion and a P/E ratio of 17.17.
Western Alliance Bancorp. (NYSE:WAL) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.03. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts expect that Western Alliance Bancorp. will post $1.26 EPS for the current fiscal year.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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