Somewhat Positive Media Coverage Somewhat Unlikely to Impact Western Alliance Bancorporation (WAL) Stock Price

Media headlines about Western Alliance Bancorporation (NYSE:WAL) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Alliance Bancorporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.0682554479586 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Shares of WAL stock traded up $0.53 on Friday, reaching $60.71. The company had a trading volume of 1,232,769 shares, compared to its average volume of 597,089. The company has a market cap of $6,415.04, a P/E ratio of 19.58, a PEG ratio of 1.16 and a beta of 1.58. Western Alliance Bancorporation has a 52 week low of $44.64 and a 52 week high of $62.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $224.72 million for the quarter, compared to the consensus estimate of $225.19 million. Western Alliance Bancorporation had a return on equity of 15.50% and a net margin of 36.56%. During the same quarter last year, the company earned $0.70 EPS. equities research analysts predict that Western Alliance Bancorporation will post 4.01 EPS for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a research note on Saturday, January 6th. Barclays raised their price objective on Western Alliance Bancorporation from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Stephens assumed coverage on Western Alliance Bancorporation in a research note on Wednesday, January 17th. They issued an “overweight” rating and a $68.00 price objective on the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. Western Alliance Bancorporation presently has a consensus rating of “Buy” and a consensus price target of $66.59.

In related news, SVP J. Kelly Jr. Ardrey sold 538 shares of Western Alliance Bancorporation stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $60.30, for a total transaction of $32,441.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Randall S. Theisen sold 2,942 shares of Western Alliance Bancorporation stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $59.00, for a total value of $173,578.00. Following the sale, the executive vice president now directly owns 39,321 shares in the company, valued at approximately $2,319,939. The disclosure for this sale can be found here. Insiders have sold a total of 81,602 shares of company stock worth $4,889,831 in the last three months. 7.95% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This article was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.com-unik.info/2018/03/18/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-western-alliance-bancorporation-wal-stock-price.html.

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.

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

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