Media headlines about Western Alliance Bancorporation (NYSE:WAL) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Alliance Bancorporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9989068002578 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
WAL has been the subject of several recent analyst reports. ValuEngine downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Barclays increased their price objective on Western Alliance Bancorporation from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research reissued a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a report on Saturday, January 6th. Wells Fargo reissued an “outperform” rating and issued a $62.00 price objective (up previously from $54.00) on shares of Western Alliance Bancorporation in a report on Tuesday, January 9th. Finally, Stephens initiated coverage on Western Alliance Bancorporation in a report on Wednesday, January 17th. They issued an “overweight” rating and a $68.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $66.88.
Western Alliance Bancorporation stock traded down $2.00 during mid-day trading on Friday, hitting $55.98. 629,883 shares of the company’s stock traded hands, compared to its average volume of 642,104. Western Alliance Bancorporation has a fifty-two week low of $44.64 and a fifty-two week high of $62.49. The company has a market capitalization of $6,126.57, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.
Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Western Alliance Bancorporation had a return on equity of 15.50% and a net margin of 36.56%. The business had revenue of $224.72 million during the quarter, compared to the consensus estimate of $225.19 million. During the same quarter last year, the firm posted $0.70 EPS. equities analysts anticipate that Western Alliance Bancorporation will post 4.02 earnings per share for the current fiscal year.
In other Western Alliance Bancorporation news, EVP Randall S. Theisen sold 2,942 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $59.00, for a total transaction of $173,578.00. Following the completion of the sale, the executive vice president now owns 39,321 shares of the company’s stock, valued at approximately $2,319,939. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP J. Kelly Jr. Ardrey sold 538 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $60.30, for a total value of $32,441.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,787 shares of company stock valued at $5,265,384 in the last ninety days. Insiders own 7.95% of the company’s stock.
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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.
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