Western Alliance Reaches New 52-Week High (WAL)

NEW YORK ( TheStreet) -- Western Alliance (NYSE: WAL) hit a new 52-week high Tuesday as it is currently trading at $8.54, above its previous 52-week high of $8.51 with 81,400 shares traded as of 10:58 a.m. ET. Average volume has been 413,000 shares over the past 30 days.

Western Alliance has a market cap of $665.3 million and is part of the financial sector and banking industry. Shares are up 33.4% year to date as of the close of trading on Monday.

Western Alliance Bancorporation, a multi-bank holding company, provides various banking and related services to businesses, professional firms, real estate developers and investors, non-profit organizations, high net worth individuals, and other consumers in Nevada, Arizona, and California. The company has a P/E ratio of 19.8, below the average banking industry P/E ratio of 42.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Western Alliance as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Western Alliance Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%