EPS for Western Alliance Bancorporation (WAL) Expected At $0.97

June 21, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.21, from 1.26 in 2017Q4. It turned negative, as 33 investors sold Western Alliance Bancorporation shares while 99 reduced holdings. 46 funds opened positions while 92 raised stakes. 85.68 million shares or 0.37% more from 85.36 million shares in 2017Q4 were reported.
Eagle Asset Mngmt stated it has 880,700 shares or 0.28% of all its holdings. Strategic Ltd Liability Corp invested in 24,286 shares or 0.48% of the stock. Brinker Cap owns 36,618 shares or 0.08% of their US portfolio. Citadel Ltd Liability Corporation stated it has 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Stevens Cap Mngmt Limited Partnership reported 24,866 shares or 0.05% of all its holdings. Morgan Stanley owns 415,618 shares for 0.01% of their portfolio. Adage Prtn Gp Inc Ltd Liability accumulated 0.03% or 240,000 shares. Mckinley Cap Mgmt Limited Liability Delaware owns 219,895 shares. Manufacturers Life Insurance The holds 0.06% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 999,696 shares. 28 were accumulated by Massmutual Trust Company Fsb Adv. Hennessy Incorporated holds 0.09% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 43,590 shares. Hsbc Holdings Public Ltd Com invested in 0% or 13,746 shares. Aurora Counsel holds 0.81% in Western Alliance Bancorporation (NYSE:WAL) or 27,919 shares. Moreover, Credit Suisse Ag has 0.01% invested in Western Alliance Bancorporation (NYSE:WAL) for 102,192 shares. Bridges Inv Inc accumulated 0.01% or 4,373 shares.

Since January 26, 2018, it had 1 buy, and 12 insider sales for $6.93 million activity. Sarver Robert Gary had sold 6,185 shares worth $375,553 on Friday, March 16. Another trade for 6,352 shares valued at $390,521 was sold by SNYDER DONALD D. $330,000 worth of stock was sold by CADY GERALD A on Monday, April 30. Ardrey J. Kelly Jr. had sold 538 shares worth $32,441 on Thursday, February 15. Another trade for 29 shares valued at $1,722 was made by LATTA ROBERT P on Thursday, February 1. $123,880 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by MCAUSLAN ROBERT REOCH.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $0.97 EPS on July, 19.They anticipate $0.21 EPS change or 27.63 % from last quarter’s $0.76 EPS. WAL’s profit would be $102.68M giving it 15.77 P/E if the $0.97 EPS is correct. After having $0.96 EPS previously, Western Alliance Bancorporation’s analysts see 1.04 % EPS growth. The stock decreased 0.99% or $0.61 during the last trading session, reaching $61.17. About 436,751 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 34.12% since June 21, 2017 and is uptrending. It has outperformed by 21.55% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 10 analysts covering Western Alliance (NYSE:WAL), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Western Alliance had 16 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, April 24. The firm has “Buy” rating by Sandler O’Neill given on Monday, January 29. The firm has “Hold” rating given on Monday, June 18 by Citigroup. The company was maintained on Friday, April 20 by Sandler O’Neill. Sandler O’Neill maintained the shares of WAL in report on Thursday, January 4 with “Buy” rating. The firm has “Hold” rating by Wells Fargo given on Tuesday, January 9. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Monday, January 8 by SunTrust. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Monday, January 29 by Wells Fargo. As per Friday, January 26, the company rating was maintained by Keefe Bruyette & Woods. RBC Capital Markets maintained the shares of WAL in report on Friday, January 26 with “Buy” rating.

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 $6.48 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 19.73 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.

Another recent and important Western Alliance Bancorporation (NYSE:WAL) news was published by Streetinsider.com which published an article titled: “Western Alliance Bancorporation (WAL)” on May 25, 2018.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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