Western Alliance Bancorporation – Consensus points to potential upside of 17.2%

Western Alliance Ban Corporation 12 analysts with the ticker symbol (WAL) have now covered the share. Analyst consensus indicates a rating of Buy. The range between the high target price and the low target price is between 100 and 70 and has a median target price of 87.58. With the shares previous close at 74.72, this would suggest that there is a potential upside move of 17.2%. There is a 50-day moving average of 68.63 and a 200-day moving average of 77.84. The company’s market capitalization is $8,347 million. You can visit the Company’s website at https://www.westernalliancebancorporation.com

The potential market cap would be $9,784 million based on the market consensus.

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Western Alliance Bancorporation acts as the bank holding company for Western Alliance Bank, which offers various banking products and related services primarily in Arizona, California and Nevada. It operates through Commercial, Consumer Related and Corporate & Other segments. The Company offers deposit products including checking, savings and money market accounts, as well as fixed income and fixed income certificates of deposit; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products such as B. Working capital lines of credit, technology company loans, inventory and accounts receivable lines, mortgage inventory lines, equipment loans and leases, and other commercial loans; commercial real estate loans secured by multi-family residential properties, commercial offices, industrial plants, retail centers, hotels and other commercial properties; Construction and real estate development loans for single and multi-family housing projects, industrial/warehouse properties, office buildings, retail centers, medical offices and residential property developments; and consumer credit. In addition, the company offers other financial services such as internet banking, wire transfers, electronic bill payment and submission, locker services, courier services and cash management services. In addition, it holds certain investment securities, community and charitable loans and leases; invests primarily in low-income housing tax credits and small business investment companies; and holds certain real estate loans and related securities. The company operates 36 branches as well as credit production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Virginia C. Taylor