RBC Capital analyst Jon Arfstrom maintained a Buy rating on Western Alliance (NYSE:WAL) on Monday, setting a price target of $135, which is approximately 16.02% above the present share price of $116.36.
Arfstrom expects Western Alliance to post earnings per share (EPS) of $2.29 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Western Alliance, with an average price target of $144.88.
The analysts price targets range from a high of $150 to a low of $135.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $511.6 million and a net profit of $0. The company's market cap is $12.12 billion.
According to TipRanks.com, RBC Capital analyst Jon Arfstrom is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.5% and a 66.30% success rate.
Western Alliance Bancorporation is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services for businesses. It operates through the following business segments: Homeowners Association (HOA) Services; Hotel Franchise Finance (HFF); Public & Nonprofit Finance; Technology and Innovation; Other NBL (National Business Lines); and Corporate and Other. The company was founded in 1995 and is headquartered in Phoenix, AZ.