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.
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.
WARNING: “Western Alliance Bancorporation (WAL) Earns News Sentiment Score of 0.24” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/10/western-alliance-bancorporation-wal-earns-news-sentiment-score-of-0-24.html.
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.
Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.