Western Alliance Bancorporation (NYSE:WAL) is scheduled to release its earnings data after the market closes on Thursday, July 20th. Analysts expect Western Alliance Bancorporation to post earnings of $0.73 per share for the quarter.
Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Thursday, April 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $189.22 million for the quarter, compared to the consensus estimate of $196.03 million. Western Alliance Bancorporation had a net margin of 34.90% and a return on equity of 14.90%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, analysts expect Western Alliance Bancorporation to post $2.97 EPS for the current fiscal year and $3.47 EPS for the next fiscal year.
Western Alliance Bancorporation (NYSE:WAL) opened at 49.13 on Tuesday. Western Alliance Bancorporation has a 52-week low of $33.28 and a 52-week high of $53.84. The stock has a market capitalization of $5.11 billion, a P/E ratio of 18.90 and a beta of 1.73. The stock has a 50 day moving average of $47.28 and a 200 day moving average of $48.82.
ILLEGAL ACTIVITY NOTICE: “Western Alliance Bancorporation (NYSE:WAL) Set to Announce Earnings on Thursday” was first published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/07/18/western-alliance-bancorporation-nysewal-set-to-announce-earnings-on-thursday.html.
Several research firms have recently weighed in on WAL. BidaskClub upgraded Western Alliance Bancorporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $58.00 price target on Western Alliance Bancorporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $57.00 price target on shares of Western Alliance Bancorporation in a research note on Monday, April 3rd. Zacks Investment Research downgraded Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC cut their price target on Western Alliance Bancorporation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.00.
Western Alliance Bancorporation Company Profile
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.
Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.