Western Alliance Bancorporation stock performance trend indicates that the stock price has rallied 4.71% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 38.55% . Looking at the past 52 week period, the stock price is up at 64.59% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Western Alliance Bancorporation has a positive value of 34.99 compared to overall market.Western Alliance Bancorporation is having a Relative Strength Index of 56 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Western Alliance Bancorporation (NYSE:WAL) rallied by 1.82% during the past week but lost 0.76% on a 4-week basis. The company has outperformed the S&P 500 by 1.58% in the past week but underperformed the index by 1.89% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. Western Alliance Bancorporation (NYSE:WAL) : On Friday heightened volatility was witnessed in Western Alliance Bancorporation (NYSE:WAL) which led to swings in the share price. The stock opened for trading at $51.5 and hit $52.12 on the upside , eventually ending the session at $52.01, with a gain of 0.99% or 0.51 points. The heightened volatility saw the trading volume jump to 1,499,653 shares. The 52-week high of the share price is $53.84 and the company has a market cap of $5,478 million. The 52-week low of the share price is at $29.72 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Western Alliance Bancorporation was Initiated by Barclays on Feb 14, 2017 to Overweight, Price Target of the shares are set at $58.
Company has reported several Insider transactions to the SEC, on Mar 9, 2017, Gerald A Cady (EVP, So. CA Administration) sold 3,000 shares at 51.69 per share price.On Mar 7, 2017, Randall S Theisen (EVP, General Counsel) sold 6,765 shares at 51.70 per share price.On Mar 7, 2017, Robert Reoch Mcauslan (EVP, Chief Credit Officer) sold 4,000 shares at 51.78 per share price.
Western Alliance Bancorporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.67. The company had revenue of $185.75 million for the quarter, compared to analysts expectations of $190.73 million. The companys revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Western Alliance Bancorporation is the parent company of BankWest of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Miller/Russell & Associates, and Premier Trust. These dynamic companies provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers needs than larger institutions.