RBC Capital analyst Jon Arfstrom maintained a Buy rating on Western Alliance (WAL – Research Report) on April 9 and set a price target of $78.00. The company’s shares closed yesterday at $57.32.
According to TipRanks, Arfstrom is a 5-star analyst with an average return of 14.3% and a 53.39% success rate. Arfstrom covers the Financial sector, focusing on stocks such as NY Community, Capital One Financial, and Discover Financial Services.
In addition to RBC Capital, Western Alliance also received a Buy from Jefferies’s Casey Haire in a report issued on April 8. However, yesterday, Wells Fargo assigned a Hold rating to Western Alliance (NYSE: WAL).
WAL market cap is currently $6.76B and has a P/E ratio of 9.31.
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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 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
- Western Alliance price target lowered to $85 from $90 at JPMorgan
- Western Alliance price target lowered to $79 from $82 at Citi
