Western Alliance Bancorporation
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 Q3 regulatory filings by fund managers ($100M+ AUM)
113% more call options, than puts
Call options by funds: $184M | Put options by funds: $86.2M
63% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 60
47% more capital invested
Capital invested by funds: $5.72B [Q2] → $8.41B (+$2.68B) [Q3]
10% more funds holding
Funds holding: 374 [Q2] → 412 (+38) [Q3]
5.58% more ownership
Funds ownership: 82.72% [Q2] → 88.3% (+5.58%) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 136
18% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 9 (-2) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
UBS Nicholas Holowko 13% 1-year accuracy 1 / 8 met price target | 36%upside $115 | Buy Assumed | 17 Dec 2024 |
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target | 21%upside $102 | Equal-Weight Maintained | 3 Dec 2024 |
Barclays Jared Shaw 64% 1-year accuracy 47 / 73 met price target | 26%upside $107 | Overweight Maintained | 8 Nov 2024 |
Piper Sandler Matthew Clark 89% 1-year accuracy 16 / 18 met price target | 19%upside $101 | Overweight Maintained | 21 Oct 2024 |
Truist Securities Brandon King 93% 1-year accuracy 51 / 55 met price target | 12%upside $95 | Buy Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 3 articles about WAL published over the past 30 days
