A Reversal for Western Alliance Bancorporation (WAL) Is Not Near. The Stock Reaches Record High Today

February 15, 2018 - By Vivian Currie

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.30, from 1.02 in 2017Q2. It is positive, as 20 investors sold Western Alliance Bancorporation shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported.
Brinker Cap Incorporated, a Pennsylvania-based fund reported 31,924 shares. Point72 Asia (Hong Kong) Ltd accumulated 0% or 10 shares. Us Bankshares De accumulated 39,324 shares. Aperio Group owns 17,515 shares. Globeflex Capital L P has 25 shares for 0% of their portfolio. Oak Ridge Invests Ltd Liability Co has 0.15% invested in Western Alliance Bancorporation (NYSE:WAL) for 69,454 shares. Comerica National Bank reported 0% stake. Raymond James Fincl Services Advsr Inc has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Engineers Gate Manager Lp owns 11,921 shares. Alliancebernstein Limited Partnership reported 811,345 shares stake. Massachusetts Ma has 23,423 shares. Rothschild Asset has invested 0.19% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). State Bank Of Montreal Can has 25,564 shares. Columbia L L C Inv Management invested in 74,079 shares. Boston Advsr Lc holds 0.03% in Western Alliance Bancorporation (NYSE:WAL) or 26,385 shares.

Since August 16, 2017, it had 1 buy, and 9 insider sales for $10.18 million activity. 3,000 shares valued at $169,080 were sold by MCAUSLAN ROBERT REOCH on Friday, December 15. $2.81 million worth of Western Alliance Bancorporation (NYSE:WAL) shares were sold by Sarver Robert Gary. 2,942 shares valued at $173,578 were sold by Theisen Randall S on Friday, January 26. 4,000 shares valued at $223,560 were sold by BEACH BRUCE D on Wednesday, October 25. Another trade for 29 shares valued at $1,722 was bought by LATTA ROBERT P. The insider SNYDER DONALD D sold $223,880.

The stock of Western Alliance Bancorporation (NYSE:WAL) reached all time high today, Feb, 15 and still has $65.75 target or 9.00 % above today’s $60.33 share price. This indicates more upside for the $6.36B company. This technical setup was reported by Barchart.com. If the $65.75 PT is reached, the company will be worth $572.76 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.56% or $0.335 during the last trading session, reaching $60.325. About 417,704 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since February 15, 2017 and is uptrending. It has outperformed by 12.38% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 13 analysts covering Western Alliance Bancorp (NYSE:WAL), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance Bancorp had 48 analyst reports since September 8, 2015 according to SRatingsIntel. SunTrust maintained Western Alliance Bancorporation (NYSE:WAL) rating on Monday, January 29. SunTrust has “Buy” rating and $70.0 target. The firm has “Overweight” rating by Barclays Capital given on Monday, July 24. The company was maintained on Wednesday, April 5 by Jefferies. Jefferies maintained the stock with “Buy” rating in Friday, September 29 report. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. Wells Fargo maintained Western Alliance Bancorporation (NYSE:WAL) on Tuesday, January 9 with “Hold” rating. Jefferies maintained Western Alliance Bancorporation (NYSE:WAL) rating on Monday, July 24. Jefferies has “Buy” rating and $5700 target. The firm has “Buy” rating given on Friday, October 20 by Keefe Bruyette & Woods. The company was maintained on Friday, June 23 by Jefferies. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets.

More notable recent Western Alliance Bancorporation (NYSE:WAL) news were published by: Seekingalpha.com which released: “Western Alliance Bancorporation’s (WAL) CEO Robert Sarver on Q2 2017 Results …” on July 21, 2017, also Streetinsider.com with their article: “Western Alliance Bancorporation (WAL) Tops Q4 EPS by 2c” published on January 25, 2018, Seekingalpha.com published: “Western Alliance Bancorp’s (WAL) CEO Robert Sarver on Q4 2017 Results …” on January 26, 2018. More interesting news about Western Alliance Bancorporation (NYSE:WAL) were released by: Seekingalpha.com and their article: “Western Alliance Shares Could Be Challenged By Falling Growth Rates” published on December 13, 2017 as well as Fool.com‘s news article titled: “Western Alliance Banks on a Brighter Future” with publication date: January 26, 2018.

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 $6.36 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 19.46 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.

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