Western Alliance Bancorporation (WAL) to Release Earnings on Thursday

Western Alliance Bancorporation (NYSE:WAL) is scheduled to be releasing its earnings data after the market closes on Thursday, January 25th. Analysts expect Western Alliance Bancorporation to post earnings of $0.83 per share for the quarter.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $211.50 million for the quarter, compared to the consensus estimate of $212.27 million. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. Western Alliance Bancorporation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. On average, analysts expect Western Alliance Bancorporation to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Western Alliance Bancorporation (NYSE WAL) opened at $59.06 on Thursday. The company has a market cap of $6,230.00, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.76. Western Alliance Bancorporation has a one year low of $44.64 and a one year high of $60.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89.

In related news, CEO Robert Gary Sarver sold 100,000 shares of Western Alliance Bancorporation stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $55.22, for a total value of $5,522,000.00. Following the transaction, the chief executive officer now directly owns 54,000 shares of the company’s stock, valued at $2,981,880. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Reoch Mcauslan sold 3,000 shares of Western Alliance Bancorporation stock in a transaction on Friday, December 15th. The stock was sold at an average price of $56.36, for a total transaction of $169,080.00. Following the completion of the transaction, the executive vice president now directly owns 20,200 shares in the company, valued at $1,138,472. The disclosure for this sale can be found here. Insiders have sold 176,000 shares of company stock worth $9,780,670 over the last three months. Insiders own 7.95% of the company’s stock.

Several research firms have commented on WAL. Stephens began coverage on shares of Western Alliance Bancorporation in a research note on Wednesday. They set an “overweight” rating and a $68.00 price target on the stock. Zacks Investment Research reissued a “buy” rating and set a $64.00 price target on shares of Western Alliance Bancorporation in a research note on Saturday, January 6th. Wells Fargo & Co reissued an “outperform” rating and set a $62.00 price target (up from $54.00) on shares of Western Alliance Bancorporation in a research note on Tuesday, January 9th. Barclays lifted their price target on shares of Western Alliance Bancorporation from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine downgraded shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Western Alliance Bancorporation currently has a consensus rating of “Buy” and an average target price of $63.45.

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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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