Zacks Investment Research downgraded Western Alliance Bancorporation (NYSE:WAL) to Hold in a report released today.
- Updated: October 2, 2016
Just yesterday Western Alliance Bancorporation (NYSE:WAL) traded 1.60% higher at $37.01. Western Alliance Bancorporation’s 50-day moving average is $36.85 and its 200-day moving average is $35.03. The last closing price is up 7.17% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 601,267 shares of WAL traded hands, down from an average trading volume of 678,381
Zacks Investment Research has downgraded Western Alliance Bancorporation (NYSE:WAL) to Hold in a report released on Wednesday September 28, 2016.
Previously on 9/27/2016, Zacks Investment Research reported on Western Alliance Bancorporation (NYSE:WAL) increased the target price from $0.00 to $41.00. At the time, this indicated a possible upside of 0.12%.
Recent Performance Chart
Western Alliance Bancorporation has 52 week low of $26.60 and a 52 week high of $39.11 with a PE ratio of 16.29 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $38.44 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Western Alliance Bancorporation (NYSE:WAL)
Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposits, lending, treasury management and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Company's segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL), and Corporate & Other. The Company's Arizona, Nevada, Southern California and Northern California segments provide full-service banking and related services to their respective markets. The Company's CBL segment provides banking services to niche markets and includes the operations of Bridge Bank. The Bank's full-service banking divisions include Alliance Bank of Arizona (ABA) in Arizona, Bank of Nevada (BON) in Southern Nevada, Bridge Bank in Northern California, First Independent Bank (FIB) in Northern Nevada and Torrey Pines Bank (TPB) in Southern California.
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