EPS for Western Alliance Bancorporation (WAL) Expected At $1.03

September 25, 2018 - By Andrea Pope

Investors sentiment increased to 1.21 in 2018 Q2. Its up 0.16, from 1.05 in 2018Q1. It improved, 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.
Hood River Mngmt Limited Liability Corporation holds 408,529 shares. Alta Mngmt reported 1.04% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). 14,748 were reported by Bokf Na. Parametric Port Associates Limited Liability Corp invested in 148,044 shares or 0.01% of the stock. 14,107 are owned by Cambridge Invest Rech Advisors. 10,303 are held by Paloma. Northwestern Mutual Wealth Mngmt has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Tci Wealth Advsrs owns 5,158 shares. Fiera Cap has invested 0.17% in Western Alliance Bancorporation (NYSE:WAL). Stevens Capital Mngmt Limited Partnership owns 69,930 shares or 0.14% of their US portfolio. Thrivent For Lutherans stated it has 388,561 shares. Fort Washington Oh has invested 0.17% in Western Alliance Bancorporation (NYSE:WAL). Century has 4,652 shares for 0% of their portfolio. Millennium Management Limited Liability Company reported 2.60 million shares stake. Twin Tree L P holds 0.01% or 30,990 shares in its portfolio.

Since April 30, 2018, it had 2 insider purchases, and 5 sales for $609,867 activity. SNYDER DONALD D sold $263,880 worth of stock. GIBBONS DALE also bought $119,050 worth of Western Alliance Bancorporation (NYSE:WAL) shares. $186,780 worth of stock was sold by MCAUSLAN ROBERT REOCH on Wednesday, June 6. On Friday, May 4 Sohn Sung Won sold $150,000 worth of Western Alliance Bancorporation (NYSE:WAL) or 2,500 shares. Vecchione Kenneth bought $592,264 worth of stock or 10,400 shares.

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. On Tuesday, April 24 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by Citigroup on Monday, June 18 with “Hold”. On Friday, April 20 the stock rating was maintained by Sandler O’Neill with “Buy”.

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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