Jefferies Analysts Begin Coverage on Western Alliance Bancorporation (WAL)
Wednesday, June 29, 2021 12:10 PM

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Equities research analysts at Jefferies initiated coverage on shares of Western Alliance Bancorporation (NYSE: WAL) in a research note to investors on Wednesday. The analysts set a "buy" rating and a $8.50 price target on the stock.

Separately, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Western Alliance Bancorporation in a research note to investors on Thursday, March 24th. Also, analysts at RBC Capital (NYSE: RY) upgraded shares of Western Alliance Bancorporation from a "sector perform" rating to an "outperform" rating in a research note to investors on Friday, January 28th. They now have a $9.00 price target on the stock, up previously from $7.00.

Shares of Western Alliance Bancorporation traded up 0.73% during mid-day trading on Thursday, hitting $6.88. Western Alliance Bancorporation has a 52 week low of $5.69 and a 52 week high of $8.45. The stock's 50-day moving average is $7.14 and its 200-day moving average is $7.54. The company has a market cap of $556.6 million.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of banking and related services to locally owned businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals and other consumers through its subsidiary banks and financial services companies located in Nevada, Arizona, California and Colorado. Western Alliance also offers an array of financial products and services aimed at satisfying the needs of small to mid-sized businesses and their proprietors, including cash management, trust administration and estate planning, custody and investments and equipment leasing. The Company also provides a range of banking services, as well as trust and investment advisory services, through its consolidated subsidiaries. On December 31, 2009, the Company sold a 75% interest in Miller/Russell & Associates, Inc (MRA).

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