Western Alliance Bancorporation (WAL) Analysts See $1.03 EPS

September 25, 2018 - By Pearl Odom

Investors sentiment increased to 1.21 in Q2 2018. Its up 0.16, from 1.05 in 2018Q1. It improved, as 15 investors sold Western Alliance Bancorporation shares while 104 reduced holdings. 51 funds opened positions while 93 raised stakes. 84.69 million shares or 1.15% less from 85.68 million shares in 2018Q1 were reported.
Amer owns 2,158 shares or 0% of their US portfolio. Whittier Trust Of Nevada Inc invested in 3,700 shares or 0.01% of the stock. Prelude Cap Mgmt Limited Liability Co owns 241 shares or 0% of their US portfolio. Axa holds 204,600 shares. Pnc Fin Gp has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Citigroup owns 0% invested in Western Alliance Bancorporation (NYSE:WAL) for 32,815 shares. Assetmark Inc has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Mckinley Management Ltd Liability Corporation Delaware has 167,421 shares. Alps accumulated 13,460 shares or 0% of the stock. Utah Retirement System owns 18,200 shares. Cadence Capital Management Ltd Liability Corp holds 0.1% in Western Alliance Bancorporation (NYSE:WAL) or 28,704 shares. Stratos Wealth Ptnrs Ltd accumulated 12,122 shares. Guggenheim Capital Limited reported 5,767 shares. Jennison Associate Ltd Llc has 0% invested in Western Alliance Bancorporation (NYSE:WAL). State Street holds 0.02% or 3.79 million shares.

Since April 30, 2018, it had 2 insider buys, and 5 sales for $609,867 activity. 4,500 shares were sold by SNYDER DONALD D, worth $263,880. Shares for $150,000 were sold by Sohn Sung Won. $186,780 worth of Western Alliance Bancorporation (NYSE:WAL) shares were sold by MCAUSLAN ROBERT REOCH. The insider Vecchione Kenneth bought 10,400 shares worth $592,264. CADY GERALD A had sold 5,500 shares worth $330,000 on Monday, April 30.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $1.03 EPS on October, 18.They anticipate $0.24 EPS change or 30.38 % from last quarter’s $0.79 EPS. WAL’s profit would be $109.05M giving it 14.33 P/E if the $1.03 EPS is correct. After having $0.99 EPS previously, Western Alliance Bancorporation’s analysts see 4.04 % EPS growth. The stock decreased 0.54% or $0.32 during the last trading session, reaching $59.05. About 899,994 shares traded or 45.17% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 18.04% since September 25, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 4 analysts covering Western Alliance (NYSE:WAL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Western Alliance had 4 analyst reports since April 20, 2018 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, April 24 report. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Friday, April 20 by Sandler O’Neill. The firm earned “Hold” rating on Monday, June 18 by Citigroup.

Western Alliance Bancorporation operates as the holding firm for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company has market cap of $6.25 billion. The firm offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It has a 16.45 P/E ratio. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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