Western Alliance Bancorporation (WAL) Analysts See $1.03 EPS

September 25, 2018 - By Kyle Williams

Investors sentiment increased to 1.21 in 2018 Q2. Its up 0.16, from 1.05 in 2018Q1. It increased, as 15 investors sold Western Alliance Bancorporation shares while 104 reduced holdings. 51 funds opened positions while 93 raised stakes. 84.69 million shares or 1.15% less from 85.68 million shares in 2018Q1 were reported.
8,955 were accumulated by Weatherly Asset Management Lp. Arrowstreet Capital Limited Partnership accumulated 0.04% or 312,361 shares. Quantbot Techs L P reported 15,503 shares or 0.06% of all its holdings. Oak Ridge Invests Ltd Liability Corporation, Illinois-based fund reported 56,834 shares. Brinker Cap Inc owns 35,887 shares. Oppenheimer Asset Inc invested in 25,776 shares. Clearbridge Invs Limited Liability owns 0.12% invested in Western Alliance Bancorporation (NYSE:WAL) for 2.48 million shares. Moreover, Utd Serv Automobile Association has 0.06% invested in Western Alliance Bancorporation (NYSE:WAL) for 296,595 shares. 148,071 are owned by Pub Employees Retirement System Of Ohio. Campbell & Com Investment Adviser Ltd Liability Com holds 0.57% or 13,100 shares in its portfolio. Amer Century Cos holds 4,652 shares. Johnson Inv Counsel owns 5,803 shares. Tci Wealth Advisors accumulated 0.13% or 5,158 shares. Stone Ridge Asset Management holds 4,780 shares. Westfield Mngmt L P holds 0.44% in Western Alliance Bancorporation (NYSE:WAL) or 1.04 million shares.

Since April 30, 2018, it had 2 buys, and 5 selling transactions for $609,867 activity. Vecchione Kenneth also bought $592,264 worth of Western Alliance Bancorporation (NYSE:WAL) shares. 2,093 Western Alliance Bancorporation (NYSE:WAL) shares with value of $119,050 were bought by GIBBONS DALE. SNYDER DONALD D also sold $263,880 worth of Western Alliance Bancorporation (NYSE:WAL) shares. 3,000 Western Alliance Bancorporation (NYSE:WAL) shares with value of $186,780 were sold by MCAUSLAN ROBERT REOCH. The insider CADY GERALD A sold $330,000.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $1.03 EPS on October, 18.They anticipate $0.24 EPS change or 30.38 % from last quarter’s $0.79 EPS. WAL’s profit would be $109.05M giving it 14.33 P/E if the $1.03 EPS is correct. After having $0.99 EPS previously, Western Alliance Bancorporation’s analysts see 4.04 % EPS growth. The stock decreased 0.54% or $0.32 during the last trading session, reaching $59.05. About 899,994 shares traded or 45.17% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 18.04% since September 25, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 4 analysts covering Western Alliance (NYSE:WAL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Western Alliance had 4 analyst reports since April 20, 2018 according to SRatingsIntel. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Hold” rating given on Monday, June 18 by Citigroup. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Jefferies on Tuesday, April 24. Sandler O’Neill maintained it with “Buy” rating and $6800 target in Friday, April 20 report.

Western Alliance Bancorporation operates as the holding firm for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company has market cap of $6.25 billion. The firm offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It has a 16.45 P/E ratio. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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