Western Alliance Bancorporation (WAL) Getting Somewhat Positive Press Coverage, Study Shows

News coverage about Western Alliance Bancorporation (NYSE:WAL) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. 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 0.20 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.7108496588493 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of Western Alliance Bancorporation (NYSE:WAL) traded down $0.05 during trading hours on Wednesday, reaching $58.09. The company had a trading volume of 390,365 shares, compared to its average volume of 646,614. Western Alliance Bancorporation has a 1 year low of $44.64 and a 1 year high of $60.25. The company has a market capitalization of $6,215.48, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 1.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $211.50 million for the quarter, compared to analyst estimates of $212.27 million. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. equities analysts predict that Western Alliance Bancorporation will post 3.07 earnings per share for the current fiscal year.

WAL has been the topic of several recent analyst reports. Zacks Investment Research cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Barclays set a $62.00 target price on Western Alliance Bancorporation and gave the stock a “buy” rating in a report on Wednesday, October 11th. Jefferies Group reissued a “buy” rating on shares of Western Alliance Bancorporation in a report on Tuesday, August 29th. Finally, SunTrust Banks boosted their target price on Western Alliance Bancorporation from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.06.

In other Western Alliance Bancorporation news, Director Marianne Boyd Johnson sold 4,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.42, for a total value of $217,680.00. Following the transaction, the director now owns 3,295 shares in the company, valued at $179,313.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William S. Boyd sold 10,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $55.55, for a total transaction of $555,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,000 shares of company stock worth $9,611,590. 7.95% of the stock is currently owned by company insiders.

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About Western Alliance Bancorporation

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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