KBW analyst Christopher Mcgratty maintained a Buy rating on Western Alliance (WAL – Research Report) yesterday and set a price target of $79.00. The company’s shares closed yesterday at $55.74.
According to TipRanks, Mcgratty is a 5-star analyst with an average return of 9.6% and a 59.69% success rate. Mcgratty covers the Financial sector, focusing on stocks such as NY Community, Old National Bancorp Capital, and Columbia Banking System.
In addition to KBW, Western Alliance also received a Buy from J.P. Morgan’s Steven Alexopoulos in a report issued yesterday. However, on April 10, Wells Fargo assigned a Hold rating to Western Alliance (NYSE: WAL).
WAL market cap is currently $6.11B and has a P/E ratio of 8.48.
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Western Alliance (WAL) Company Description:
Western Alliance Bancorporation is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services for businesses. It operates through the following business segments: Homeowners Association (HOA) Services; Hotel Franchise Finance (HFF); Public & Nonprofit Finance; Technology and Innovation; Other NBL (National Business Lines); and Corporate and Other. The company was founded in 1995 and is headquartered in Phoenix, AZ.
Read More on WAL:
- Western Alliance put volume heavy and directionally bearish
- WAL Earnings this Week: How Will it Perform?
- Western Alliance call volume above normal and directionally bullish
- Western Alliance price target lowered to $70 from $80 at Jefferies
- Western Alliance price target lowered to $81 from $82 at UBS
