In a report released on April 19, Jon Arfstrom from RBC Capital maintained a Buy rating on Western Alliance (WAL – Research Report), with a price target of $76.00. The company’s shares closed last Friday at $57.44.
According to TipRanks, Arfstrom is a 5-star analyst with an average return of 13.4% and a 53.04% success rate. Arfstrom covers the Financial sector, focusing on stocks such as NY Community, Provident Financial Services, and American Express.
In addition to RBC Capital, Western Alliance also received a Buy from D.A. Davidson’s Gary Tenner in a report issued yesterday. However, on the same day, Wells Fargo maintained a Hold rating on Western Alliance (NYSE: WAL).
WAL market cap is currently $6.33B and has a P/E ratio of 8.37.
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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 price target lowered to $70 from $75 at Wedbush
- Western Alliance reports Q1 EPS ex-items $1.72, consensus $1.66
- Western Alliance options imply 5.4% move in share price post-earnings
- Notable companies reporting after market close
- Western Alliance put volume heavy and directionally bearish
