Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $228.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Western Alliance Bancorporation’s earnings, with estimates ranging from $222.40 million to $234.90 million. Western Alliance Bancorporation posted sales of $189.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.6%. The business is scheduled to report its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that Western Alliance Bancorporation will report full year sales of $228.90 million for the current year, with estimates ranging from $931.90 million to $1.00 billion. For the next year, analysts anticipate that the company will post sales of $1.09 billion per share, with estimates ranging from $1.04 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Western Alliance Bancorporation.
Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $224.72 million during the quarter, compared to the consensus estimate of $225.19 million. Western Alliance Bancorporation had a return on equity of 15.82% and a net margin of 36.56%. During the same quarter in the prior year, the company earned $0.70 earnings per share.
In other Western Alliance Bancorporation news, EVP Randall S. Theisen sold 2,942 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $59.00, for a total value of $173,578.00. Following the completion of the transaction, the executive vice president now owns 39,321 shares in the company, valued at $2,319,939. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Reoch Mcauslan sold 3,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $56.36, for a total value of $169,080.00. Following the completion of the transaction, the executive vice president now owns 20,200 shares of the company’s stock, valued at approximately $1,138,472. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,942 shares of company stock valued at $560,338. 7.95% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Maltese Capital Management LLC raised its holdings in Western Alliance Bancorporation by 207.1% in the third quarter. Maltese Capital Management LLC now owns 215,000 shares of the financial services provider’s stock worth $11,412,000 after purchasing an additional 145,000 shares in the last quarter. Aurora Investment Counsel bought a new position in Western Alliance Bancorporation in the fourth quarter worth $2,208,000. Chicago Equity Partners LLC bought a new position in Western Alliance Bancorporation in the third quarter worth $2,182,000. Cipher Capital LP raised its holdings in Western Alliance Bancorporation by 17.3% in the third quarter. Cipher Capital LP now owns 154,794 shares of the financial services provider’s stock worth $8,216,000 after purchasing an additional 22,779 shares in the last quarter. Finally, Highbridge Capital Management LLC grew its stake in shares of Western Alliance Bancorporation by 97.0% in the third quarter. Highbridge Capital Management LLC now owns 203,370 shares of the financial services provider’s stock worth $10,795,000 after acquiring an additional 100,123 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.
Western Alliance Bancorporation (NYSE:WAL) opened at $57.92 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $6,130.00, a P/E ratio of 18.68, a P/E/G ratio of 1.11 and a beta of 1.63. Western Alliance Bancorporation has a twelve month low of $44.64 and a twelve month high of $60.71.
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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.
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