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Analysts at Keefe, Bruyette & Woods upped their target price on shares of Western Alliance Bancorporation (NYSE:WAL) from $2.00 to $27.00 in a research report issued to clients and investors on Monday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 12.69% from the stock’s previous close.

Shares of Western Alliance Bancorporation (NYSE:WAL) traded down 0.75% on Monday, hitting $23.78. 424,834 shares of the company’s stock traded hands. Western Alliance Bancorporation has a 52-week low of $16.16 and a 52-week high of $25.75. The stock has a 50-day moving average of $24.11 and a 200-day moving average of $23.39. The company has a market cap of $2.057 billion and a price-to-earnings ratio of 16.66.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Western Alliance Bancorporation will post $1.52 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on WAL. Analysts at Zacks downgraded shares of Western Alliance Bancorporation from an “outperform” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $28.20 price target on the stock. Separately, analysts at FIG Partners upgraded shares of Western Alliance Bancorporation from a “market perform” rating to an “outperform” rating in a research note on Monday, April 28th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Western Alliance Bancorporation in a research note on Wednesday, April 23rd. They now have a $26.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Western Alliance Bancorporation presently has a consensus rating of “Hold” and a consensus price target of $27.02.

Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.

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