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Last $33.05 USD
Change Today -0.63 / -1.87%
Volume 4.0M
WAL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

western alliance bancorp (WAL) Snapshot

Open
$33.40
Previous Close
$33.68
Day High
$33.63
Day Low
$32.79
52 Week High
06/26/15 - $34.95
52 Week Low
10/15/14 - $21.43
Market Cap
2.9B
Average Volume 10 Days
1.2M
EPS TTM
$1.78
Shares Outstanding
89.2M
EX-Date
--
P/E TM
18.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTERN ALLIANCE BANCORP (WAL)

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western alliance bancorp (WAL) Details

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It accepts various deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity retail certificates of deposit. It also offers commercial and industrial loan products comprising working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans for multi-family apartment projects, industrial/warehouse properties, office buildings, retail centers, and medical facilities; and consumer loans. In addition, the company provides other financial services, such as Internet banking, wire transfers, electronic bill payment, lock box services, courier, and cash management services. Further, it offers equipment finance; and holds and manages certain non-performing loans and other real estate owned. As of December 31, 2014, the company operated 40 branch locations. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

1,131 Employees
Last Reported Date: 02/17/15
Founded in 1994

western alliance bancorp (WAL) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Exec...
Total Annual Compensation: $824.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $395.4K
Executive Vice President of Arizona Administr...
Total Annual Compensation: $369.5K
Executive Vice President of California Admini...
Total Annual Compensation: $353.8K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $358.3K
Compensation as of Fiscal Year 2014.

western alliance bancorp (WAL) Key Developments

Western Alliance Bancorporation Appoints Robert P. Latta to the Board

On June 22, 2015, Western Alliance Bancorporation and Bridge Capital Holdings entered into a letter agreement modifying the Agreement and Plan of Merger, dated as of March 9, 2015, by and between WAL and Bridge, pursuant to which Bridge will merge with and into WAL with WAL surviving. On June 19, 2015, in connection with the Merger, the WAL Board expanded the size of the WAL Board by one seat and appointed Robert P. Latta to the WAL Board, in each case subject to the closing of the Merger and effective as of the first regularly scheduled meeting of the WAL Board occurring after the closing of the Merger.

Western Alliance Bancorporation Approves Amendments to Certificate of Incorporation

Western Alliance Bancorporation announced that at its annual meeting of stockholders held on May 19, 2015, its shareholders approved amendments to the company's Certificate of Incorporation to provide (i) for the phased-in declassification of the board of directors culminating in the annual election of all directors, (ii) stockholders with the ability to remove directors not subject to classification without cause, and (iii) stockholders holding, collectively, no less than 40% of issued and outstanding shares of the company's common stock the right to call a special meeting of stockholders, subject to certain requirements.

Western Alliance Seeks Acquisitions

Western Alliance Bancorporation (NYSE:WAL) will use the proceeds of a recently announced shelf registration for refinancing, reduction or repayment of debt, redeeming outstanding securities, funding investments in, or extensions of credit to, our banking subsidiary and our other subsidiaries as regulatory capital, financing of possible acquisitions, expansion of the business, investments at the holding company level and working capital.

 

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Industry Analysis

WAL

Industry Average

Valuation WAL Industry Range
Price/Earnings 19.0x
Price/Sales 7.0x
Price/Book 3.0x
Price/Cash Flow 19.2x
TEV/Sales 4.8x
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