Western Alliance Bancorporation (NYSE:WAL – Get Free Report) had its target price decreased by equities research analysts at DA Davidson from $110.00 to $106.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. DA Davidson’s target price suggests a potential upside of 18.28% from the company’s previous close.
A number of other equities research analysts also recently commented on WAL. Truist Financial decreased their target price on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a report on Monday, October 21st. Stephens restated an “overweight” rating and set a $103.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday. Piper Sandler cut their price objective on shares of Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and boosted their target price for the company from $83.00 to $101.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company cut their price target on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Western Alliance Bancorporation has a consensus rating of “Moderate Buy” and a consensus price target of $97.07.
Check Out Our Latest Stock Analysis on Western Alliance Bancorporation
Western Alliance Bancorporation Trading Up 1.8 %
Western Alliance Bancorporation (NYSE:WAL – Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%. Analysts predict that Western Alliance Bancorporation will post 7.11 EPS for the current year.
Institutional Trading of Western Alliance Bancorporation
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in Western Alliance Bancorporation by 70.1% in the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Western Alliance Bancorporation in the 3rd quarter valued at $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Western Alliance Bancorporation during the third quarter worth $33,000. Allworth Financial LP raised its position in shares of Western Alliance Bancorporation by 115.6% in the fourth quarter. Allworth Financial LP now owns 401 shares of the financial services provider’s stock valued at $37,000 after buying an additional 215 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Western Alliance Bancorporation by 136.8% in the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock worth $37,000 after buying an additional 249 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.
Western Alliance Bancorporation Company Profile
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.
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