NEW YORK ( TheStreet) -- Western Alliance (NYSE: WAL) hit a new 52-week low Thursday as it is currently trading at $5.56, below its previous 52-week low of $5.63 with 350,507 shares traded as of 3:02 p.m. ET. Average volume has been 505,300 shares over the past 30 days.

Western Alliance has a market cap of $493.1 million and is part of the financial sector and banking industry. Shares are down 18.1% year to date as of the close of trading on Wednesday.

Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado.
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TheStreet Ratings rates Western Alliance as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Western Alliance Ratings Report.

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