$1.03 EPS Expected for Western Alliance Bancorporation (WAL)

September 25, 2018 - By Matthew Richard

Investors sentiment increased to 1.21 in 2018 Q2. Its up 0.16, from 1.05 in 2018Q1. It increased, 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.
Tdam Usa has 0.12% invested in Western Alliance Bancorporation (NYSE:WAL). 174,600 were accumulated by Swiss Fincl Bank. Bluemountain Capital Management Ltd has invested 0.08% in Western Alliance Bancorporation (NYSE:WAL). 233,663 were accumulated by Kennedy Cap Management. 36,062 were reported by Creative Planning. Manufacturers Life The, a Ontario – Canada-based fund reported 712,041 shares. The Ontario – Canada-based Cibc Ww Markets Inc has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Susquehanna Interest Group Llp stated it has 32,881 shares. Bb&T Corp invested in 0.02% or 21,387 shares. Atria Invs Limited Co invested in 0.01% or 3,703 shares. State Board Of Administration Of Florida Retirement reported 77,759 shares or 0.01% of all its holdings. Employees Retirement Sys Of Ohio stated it has 0.04% in Western Alliance Bancorporation (NYSE:WAL). Tci Wealth has 5,158 shares. Voya Invest Ltd Liability Corp owns 26,858 shares or 0% of their US portfolio. Moreover, Driehaus Capital Management Limited Liability has 0.04% invested in Western Alliance Bancorporation (NYSE:WAL) for 20,604 shares.

Since April 30, 2018, it had 2 insider purchases, and 5 sales for $609,867 activity. $592,264 worth of Western Alliance Bancorporation (NYSE:WAL) was bought by Vecchione Kenneth on Friday, July 27. 2,093 Western Alliance Bancorporation (NYSE:WAL) shares with value of $119,050 were bought by GIBBONS DALE. SNYDER DONALD D also sold $263,880 worth of Western Alliance Bancorporation (NYSE:WAL) on Monday, July 23. MCAUSLAN ROBERT REOCH had sold 3,000 shares worth $186,780. 5,500 shares were sold by CADY GERALD A, worth $330,000.

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. As per Friday, April 20, the company rating was maintained by Sandler O’Neill. The firm has “Hold” rating given on Monday, June 18 by Citigroup. Jefferies maintained Western Alliance Bancorporation (NYSE:WAL) on Tuesday, April 24 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 $6.25 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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