Western Alliance Bancorporation (WAL) Earns News Sentiment Score of 0.24

Press coverage about Western Alliance Bancorporation (NYSE:WAL) has been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Alliance Bancorporation earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.4404108415353 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

WAL has been the topic of several analyst reports. DA Davidson restated a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a report on Monday, October 23rd. Barclays set a $65.00 price objective on shares of Western Alliance Bancorporation and gave the company a “buy” rating in a report on Monday, October 23rd. Jefferies Group restated a “buy” rating and issued a $65.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and issued a $64.50 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, October 24th. Finally, SunTrust Banks increased their price objective on shares of Western Alliance Bancorporation from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.59.

Shares of Western Alliance Bancorporation (NYSE:WAL) opened at $57.90 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6,214.24, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.13 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.

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The company had revenue of $224.72 million for the quarter, compared to analyst estimates of $225.19 million. Western Alliance Bancorporation had a net margin of 36.56% and a return on equity of 15.82%. During the same period last year, the business posted $0.70 earnings per share. sell-side analysts anticipate that Western Alliance Bancorporation will post 4.01 EPS for the current year.

In other Western Alliance Bancorporation news, Director Marianne Boyd Johnson sold 4,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $54.42, for a total value of $217,680.00. Following the sale, the director now directly owns 3,295 shares in the company, valued at $179,313.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $173,578.00. Following the completion of the sale, the executive vice president now owns 39,321 shares in the company, valued at $2,319,939. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,942 shares of company stock worth $560,338. Company insiders own 7.95% of the company’s stock.

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About Western Alliance Bancorporation

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.

Insider Buying and Selling by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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