Barclays Initiates Coverage On Western Alliance Bancorporation to Overweight with Price Target $58

Barclays Initiates Coverage On Western Alliance Bancorporation(WAL). In a research note issued to the investors, the brokerage major Announces the price-target to $58 per share. The shares have been rated Overweight. The rating by the stock financial advisor at Barclays was issued on Feb 14, 2017 in a research report to their Investors and Clients.

Western Alliance Bancorporation (WAL) shares turned negative on Wednesdays trading session with the shares closing down -0.2 points or -0.38% at a volume of 4,15,794. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $53.02. The peak price level was also seen at $53.02 while the days lowest was $52.201. Finally the shares closed at $52.54. The 52-week high of the shares is $53.6992 while the 52-week low is $28.69. According to the latest information available, the market cap of the company is $5,520 M.

Western Alliance Bancorporation(WAL) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $185.751M. Analysts had an estimated revenue of $192.020M. Earnings per share were $0.7. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Feb 7, 2017, Don Garner (EVP, Arizona Administration) sold 1,277 shares at $50.00 per share price.Also, On Feb 7, 2017, Steven J Hilton (director) sold 49,700 shares at $50.09 per share price.On Feb 6, 2017, James E D V M Nave (director) sold 5,000 shares at $49.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Western Alliance Bancorporation (WAL) 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. Its Arizona Nevada and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers including commercial real estate (CRE) loans construction and land development loans commercial loans and consumer loans through the Bank and its banking divisions and operating subsidiaries. It offers a range of deposit products including checking accounts money market accounts and other types of deposit accounts such as fixed-rate and fixed maturity retail certificates of deposit.

Add Comment