Western Alliance Bancorporation – Consensus indicates 47.5% upside potential

By on September 25, 2022 0

Western Alliance Bancorporation found using the ticker (WAL) now have 11 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 135 and 80 by calculating the average target price we have 102.73. With the stock’s previous close at 69.66, this now indicates there is 47.5% upside potential. There is a 50-day moving average of 77.29 while the 200-day moving average is 85.61. The market cap of the company is $7,429 million. Company website: https://www.westernalliancebancorporation.com

The potential market capitalization would be $10,956 million based on market consensus.

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Western Alliance Bancorporation operates as a bank holding company for Western Alliance Bank which provides various banking products and related services primarily in Arizona, California and Nevada. It operates in Commercial, Consumer Related, Corporate & Other segments. The Company offers deposit products, including checking, savings and money market accounts, as well as certificates of fixed rate and fixed maturity deposit accounts; and cash management and residential mortgage products and services. It also offers commercial and industrial lending products, such as working capital lines of credit, technology company loans, inventory and accounts receivable lines, mortgage warehouse lines, business loans and leases. equipment and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, shopping malls, hotels and other commercial properties; construction and land development loans for single and multi-family residential projects, industrial/warehouse properties, office buildings, shopping malls, medical practices and residential land developments; and consumer loans. In addition, the Company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, safe deposit box, courier and cash management services. In addition, it holds certain investment securities, municipal and not-for-profit 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 loan origination offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.