Western Alliance Bancorporation – Consensus Says Potential Rise of 22.6%
Western Alliance Bancorporation with ticker code (WAL) now have 12 analysts covering the stock. Analyst consensus points to a “Buy” rating. The range between the high target price and the low target price is between 130 and 110, with the average target price being 120.17. Now, with the previous closing price of 98.02, that would imply a potential rise of 22.6%. The 50-day MA is 102.54 while the 200-day moving average is 84.63. The company’s market capitalization is $ 10,061 million. Company website: http://www.westernalliancebancorporation.com
Western Alliance Bancorporation operates as a banking holding company for Western Alliance Bank which provides various banking products and related services primarily in Arizona, California and Nevada. It operates in two segments, Commercial and Consumer Related. The Company offers deposit products, including checking, savings and money market accounts, as well as fixed rate and fixed maturity certificates of deposit accounts; and residential mortgage and cash management products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and receivables lines, mortgage warehouse lines, equipment and equipment loans and leases. other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, shopping malls, hotels and other commercial properties; construction and land development loans for single and multi-family residential projects, industrial / warehouse properties, office buildings, shopping malls, medical facilities and residential land development; and consumer credit. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentation, safe deposit box, messaging and cash management services. In addition, it holds certain investment securities, municipal and non-profit loans and leases; invests primarily in low-income housing tax credits and small business investment companies; and holds certain real estate loans and related securities. The company operates 38 branches, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.