Western Alliance Bancorp (NYSE:WAL) – Investment analysts at Jefferies Group issued their FY2018 earnings per share estimates for shares of Western Alliance Bancorp in a research report issued on Friday. Jefferies Group analyst C. Haire forecasts that the brokerage will post earnings of $3.20 per share for the year. Jefferies Group has a “Buy” rating and a $42.00 price target on the stock.

Western Alliance Bancorp (NYSE:WAL) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Western Alliance Bancorp had a net margin of 35.86% and a return on equity of 14.48%.

Earnings History and Estimates for Western Alliance Bancorp (NYSE:WAL)

A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of Western Alliance Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Wells Fargo & Co. initiated coverage on shares of Western Alliance Bancorp in a research note on Thursday, September 1st. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Western Alliance Bancorp currently has a consensus rating of “Buy” and an average price target of $40.10.

Western Alliance Bancorp (NYSE:WAL) traded up 0.57% during trading on Monday, reaching $38.73. 400,689 shares of the company were exchanged. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 16.80 and a beta of 1.61. The firm’s 50 day moving average price is $37.36 and its 200-day moving average price is $35.42. Western Alliance Bancorp has a one year low of $26.60 and a one year high of $39.52.

Institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its position in shares of Western Alliance Bancorp by 1.3% in the second quarter. TCI Wealth Advisors Inc. now owns 5,191 shares of the financial services provider’s stock worth $169,000 after buying an additional 66 shares during the period. Loomis Sayles & Co. L P increased its stake in Western Alliance Bancorp by 0.9% in the first quarter. Loomis Sayles & Co. L P now owns 62,607 shares of the financial services provider’s stock valued at $2,090,000 after buying an additional 535 shares during the period. Foundry Partners LLC increased its stake in Western Alliance Bancorp by 8.4% in the second quarter. Foundry Partners LLC now owns 7,125 shares of the financial services provider’s stock valued at $233,000 after buying an additional 550 shares during the period. BB&T Corp increased its stake in Western Alliance Bancorp by 5.3% in the second quarter. BB&T Corp now owns 14,546 shares of the financial services provider’s stock valued at $474,000 after buying an additional 735 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Western Alliance Bancorp by 7.7% in the second quarter. Guggenheim Capital LLC now owns 16,498 shares of the financial services provider’s stock valued at $539,000 after buying an additional 1,184 shares during the period. 79.09% of the stock is currently owned by institutional investors.

In related news, Director Donald D. Snyder sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $35.78, for a total value of $1,073,400.00. Following the transaction, the director now directly owns 117,579 shares of the company’s stock, valued at approximately $4,206,976.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donald D. Snyder sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $34.00, for a total transaction of $510,000.00. Following the completion of the transaction, the director now directly owns 117,579 shares in the company, valued at $3,997,686. The disclosure for this sale can be found here. 10.27% of the stock is currently owned by corporate insiders.

Western Alliance Bancorp Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposits, lending, treasury management and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Company’s segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL), and Corporate & Other.

5 Day Chart for NYSE:WAL

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