Western Alliance Bancorporation (NYSE:WAL) is scheduled to be releasing its earnings data after the market closes on Thursday, October 19th. Analysts expect Western Alliance Bancorporation to post earnings of $0.78 per share for the quarter.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The firm had revenue of $203.19 million during the quarter, compared to analyst estimates of $203.71 million. Western Alliance Bancorporation had a net margin of 35.67% and a return on equity of 15.23%. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts expect Western Alliance Bancorporation to post $3.05 EPS for the current fiscal year and $3.54 EPS for the next fiscal year.

Shares of Western Alliance Bancorporation (NYSE:WAL) opened at 53.38 on Thursday. Western Alliance Bancorporation has a one year low of $35.56 and a one year high of $54.29. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.28 and a beta of 1.75. The stock has a 50 day moving average of $49.70 and a 200-day moving average of $48.61.

In other Western Alliance Bancorporation news, Chairman Robert Gary Sarver sold 100,000 shares of Western Alliance Bancorporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $48.37, for a total transaction of $4,837,000.00. Following the completion of the transaction, the chairman now directly owns 54,000 shares of the company’s stock, valued at $2,611,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.95% of the stock is owned by insiders.

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A number of research analysts recently weighed in on the stock. SunTrust Banks, Inc. assumed coverage on shares of Western Alliance Bancorporation in a report on Friday, August 18th. They issued a “buy” rating and a $59.00 target price for the company. BidaskClub raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Barclays PLC set a $62.00 target price on shares of Western Alliance Bancorporation and gave the company a “buy” rating in a report on Wednesday. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 target price on shares of Western Alliance Bancorporation in a report on Thursday. Finally, Zacks Investment Research raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.33.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Earnings History for Western Alliance Bancorporation (NYSE:WAL)

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