According to TipRanks, Arfstrom is a 5-star analyst with an average return of 15.3% and a 62.42% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Associated Banc-Corp, First Horizon, and Western Alliance.
Currently, the analyst consensus on Western Alliance is a Moderate Buy with an average price target of $89.20, representing a 6.84% upside. In a report released on June 25, Citi also assigned a Buy rating to the stock with a $98.00 price target.
Based on Western Alliance’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.44 billion and a net profit of $189.2 million. In comparison, last year the company earned a revenue of $1.21 billion and had a net profit of $199.1 million
Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAL in relation to earlier this year. Last month, Ben Mucha, the CAO of WAL sold 5,946.00 shares for a total of $481,626.00.
