Western Alliance Bancorporation (NYSE:WAL) Institutional Investor Positioning Change

Sentiment for Western Alliance Bancorporation (NYSE:WAL)

Western Alliance Bancorporation (NYSE:WAL) institutional sentiment increased to 1.21 in 2018 Q2. Its up 0.16, from 1.05 in 2018Q1. The ratio is positive, as 144 funds increased or opened new stock positions, while 119 cut down and sold stock positions in Western Alliance Bancorporation. The funds in our partner’s database now own: 84.69 million shares, down from 85.68 million shares in 2018Q1. Also, the number of funds holding Western Alliance Bancorporation in their top 10 stock positions decreased from 7 to 4 for a decrease of 3. Sold All: 15 Reduced: 104 Increased: 93 New Position: 51.

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 $4.35 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 10.67 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.

The stock decreased 5.24% or $2.27 during the last trading session, reaching $41.07. About 1.56M shares traded or 75.58% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 18.04% since December 6, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Analysts await Western Alliance Bancorporation (NYSE:WAL) to report earnings on January, 24. They expect $1.06 EPS, up 24.71 % or $0.21 from last year’s $0.85 per share. WAL’s profit will be $112.22M for 9.69 P/E if the $1.06 EPS becomes a reality. After $1.05 actual EPS reported by Western Alliance Bancorporation for the previous quarter, Wall Street now forecasts 0.95 % EPS growth.

Peavine Capital Llc holds 3.83% of its portfolio in Western Alliance Bancorporation for 137,585 shares. Castine Capital Management Llc owns 188,385 shares or 3.31% of their US portfolio. Moreover, Broadview Advisors Llc has 2.75% invested in the company for 303,825 shares. The Ohio-based Fsi Group Llc has invested 2.74% in the stock. Mountain Pacific Investment Advisers Inc Id, a Idaho-based fund reported 342,457 shares.

Since January 1, 0001, it had 3 insider buys, and 2 insider sales for $157,022 activity.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Ratings analysis reveals 67% of Western Alliance’s analysts are positive. Out of 3 Wall Street analysts rating Western Alliance, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $56 while the high is $6900. The stock’s average target of $62.67 is 52.59% above today’s ($41.07) share price. WAL was included in 4 notes of analysts from June 18, 2018. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Neutral” rating given on Monday, October 22 by Citigroup. The company was maintained on Monday, October 22 by Barclays Capital. The stock has “Hold” rating by Citigroup on Monday, June 18.

More notable recent Western Alliance Bancorporation (NYSE:WAL) news were published by: Benzinga.com which released: “Wal-Mart Stores, Inc. (NYSE:WMT) – Walmart Earnings: Will Ecommerce Growth Meet Analyst’s High Expectations? – Benzinga” on November 13, 2018, also Fool.com with their article: “Western Alliance Rides Rate Increases to Success – Motley Fool” published on October 19, 2018, Benzinga.com published: “Wal-Mart Stores, Inc. (NYSE:WMT), Coca-Cola Company (The) (NYSE:KO) – Direxion Unveils Four Leveraged Consumer ETFs – Benzinga” on November 30, 2018. More interesting news about Western Alliance Bancorporation (NYSE:WAL) were released by: Bizjournals.com and their article: “Wal-Mart battling Kroger … in China – Cincinnati Business Courier” published on November 28, 2018 as well as 247Wallst.com‘s news article titled: “Walmart Shares Strong, Amazon’s Weak At Start Of Holidays – 24/7 Wall St.” with publication date: November 24, 2018.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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