Western Alliance BancorporationWAL
Market Cap: $8.67B
About: Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.
Employees: 3,260
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
57% more call options, than puts
Call options by funds: $134M | Put options by funds: $85.1M
0.11% more ownership
Funds ownership: 82.0% [Q1] → 82.11% (+0.11%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 11 [Q1] → 11 (+0) [Q2]
2% less capital invested
Capital invested by funds: $5.79B [Q1] → $5.68B (-$115M) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 135
3% less funds holding
Funds holding: 380 [Q1] → 370 (-10) [Q2]
19% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 54
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
JP Morgan Steven Alexopoulos 73% 1-year accuracy 37 / 51 met price target | 27%upside $100 | Overweight Maintained | 23 Jul 2024 |
Deutsche Bank Bernard von-Gizycki 0 / 0 met price target | 5%upside $83 | Hold Maintained | 23 Jul 2024 |
B of A Securities Ebrahim Poonawala 73% 1-year accuracy 11 / 15 met price target | 24%upside $98 | Buy Maintained | 22 Jul 2024 |
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 12%upside $88 | Buy Maintained | 22 Jul 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 11%upside $87 | Outperform Maintained | 22 Jul 2024 |