Western Alliance Bancorporation Receives Average Recommendation of “Buy” from Analysts (NYSE:WAL)
Western Alliance Bancorporation (NYSE:WAL) has received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, Analyst Ratings Network reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.88.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Western Alliance Bancorporation from $28.00 to $29.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Western Alliance Bancorporation from $2.00 to $27.00 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock.
Shares of Western Alliance Bancorporation (NYSE:WAL) opened at 22.76 on Tuesday. 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 $23.6 and a 200-day moving average of $23.34. The company has a market cap of $1.973 billion and a price-to-earnings ratio of 15.83.
Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly 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. Analysts expect that Western Alliance Bancorporation will post $1.56 EPS for the current fiscal year.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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