Western Alliance Bancorp (WAL) Drops 7.11% on February 08

Equities Staff |

Western Alliance Bancorp (WAL) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 7.11% to $27.30, a loss of $-2.09 per share. Starting at an opening price of $28.89 a share, the stock traded between $27.10 and $29.00 over the course of the trading day. Volume was 2.4 million shares over 18,866 trades, against an average daily volume of 790,275 shares and a total float of 102.31 million.

The losses send Western Alliance Bancorp down to a market cap of $2.79 billion. In the last year, Western Alliance Bancorp has traded between $39.11 and $27.41, and its 50-day SMA is currently $34.75 and 200-day SMA is $33.57.

The stock has a P/E Ratio of 14.8.

Western Alliance Bancorp provides banking and lending services to locally owned businesses, professional firms, real estate developers and investors and other consumers. It addition it also holds & manages certain non-performing loans and OREO.

Western Alliance Bancorp is based out of Phoenix, AZ and has some 1,131 employees. Its CEO is Robert G. Sarver.

For a complete fundamental analysis analysis of Western Alliance Bancorp, check out Equities.com’s Stock Valuation Analysis report for WAL. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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