News headlines about Western Alliance Bancorporation (NYSE:WAL) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Alliance Bancorporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.0636437908663 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Western Alliance Bancorporation (NYSE:WAL) traded down $1.99 during mid-day trading on Wednesday, reaching $60.06. 780,577 shares of the company’s stock were exchanged, compared to its average volume of 711,488. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Western Alliance Bancorporation has a 12 month low of $44.64 and a 12 month high of $62.49. The firm has a market capitalization of $6,540.79, a PE ratio of 19.37, a P/E/G ratio of 1.19 and a beta of 1.58.
Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Western Alliance Bancorporation had a net margin of 36.56% and a return on equity of 15.50%. The company had revenue of $224.72 million for the quarter, compared to analysts’ expectations of $225.19 million. During the same quarter last year, the company earned $0.70 earnings per share. equities analysts predict that Western Alliance Bancorporation will post 4.01 EPS for the current year.
In other news, Chairman Robert Gary Sarver sold 67,057 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $59.95, for a total transaction of $4,020,067.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP J. Kelly Jr. Ardrey sold 538 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $60.30, for a total transaction of $32,441.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,602 shares of company stock worth $5,058,911. 7.95% of the stock is owned by corporate insiders.
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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