Western Alliance Bancorporation (WAL) Receives News Sentiment Score of 0.11
News stories about Western Alliance Bancorporation (NYSE:WAL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Alliance Bancorporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.645108897427 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Western Alliance Bancorporation (WAL) EVP Sells $225,960.00 in Stock (americanbankingnews.com)
- Western Alliance Bancorporation (WAL) Chairman Sells $2,811,000.00 in Stock (americanbankingnews.com)
- Western Alliance Bancorporation :WAL-US: Earnings Analysis: Q3, 2017 By the Numbers : October 31, 2017 (finance.yahoo.com)
- Western Alliance Bancorporation (WAL) Director Sung Won Sohn Sells 5,000 Shares (americanbankingnews.com)
- Western Alliance Bancorporation (WAL) Expected to Announce Earnings of $0.83 Per Share (americanbankingnews.com)
Several analysts recently commented on the company. SunTrust Banks, Inc. raised their price objective on Western Alliance Bancorporation from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $64.50 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, October 24th. Barclays PLC set a $65.00 price objective on Western Alliance Bancorporation and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $64.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.06.
Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. The firm had revenue of $211.50 million for the quarter, compared to analyst estimates of $212.27 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year.
In other news, CEO Robert Gary Sarver sold 100,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $55.22, for a total transaction of $5,522,000.00. Following the transaction, the chief executive officer now owns 54,000 shares in the company, valued at $2,981,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Reoch Mcauslan sold 4,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $56.49, for a total transaction of $225,960.00. Following the transaction, the executive vice president now owns 23,200 shares in the company, valued at approximately $1,310,568. The disclosure for this sale can be found here. Insiders have sold 269,000 shares of company stock worth $14,230,910 in the last quarter. Company insiders own 7.95% of the company’s stock.
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About Western Alliance Bancorporation
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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