Park National Raised Verizon Communications (VZ) Stake; Profile of 10 Analysts Covering Western Alliance Bancorporation (WAL)

Among 11 analysts covering Western Alliance Bancorp (NYSE:WAL), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Western Alliance Bancorp had 37 analyst reports since September 8, 2015 according to SRatingsIntel. Macquarie Research maintained the stock with “Outperform” rating in Monday, October 19 report. On Tuesday, September 12 the stock rating was maintained by Piper Jaffray with “Buy”. As per Sunday, August 27, the company rating was maintained by Jefferies. As per Tuesday, September 8, the company rating was upgraded by FIG Partners. Keefe Bruyette & Woods maintained Western Alliance Bancorporation (NYSE:WAL) rating on Tuesday, December 12. Keefe Bruyette & Woods has “Buy” rating and $67.0 target. Jefferies maintained it with “Buy” rating and $5400 target in Friday, June 23 report. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by DA Davidson on Thursday, February 11. RBC Capital Markets maintained Western Alliance Bancorporation (NYSE:WAL) on Friday, October 20 with “Buy” rating. SunTrust maintained Western Alliance Bancorporation (NYSE:WAL) rating on Tuesday, November 28. SunTrust has “Buy” rating and $63.0 target. Keefe Bruyette & Woods maintained Western Alliance Bancorporation (NYSE:WAL) rating on Friday, October 20. Keefe Bruyette & Woods has “Buy” rating and $61.0 target. See Western Alliance Bancorporation (NYSE:WAL) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $70.0 Maintain
12/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $67.0 Maintain
28/11/2017 Broker: SunTrust Rating: Buy New Target: $63.0 Maintain
26/10/2017 Broker: SunTrust Rating: Buy Old Target: $59 New Target: $62 Maintain
23/10/2017 Broker: Jefferies Rating: Buy New Target: $65.0 Maintain
23/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $62 New Target: $65 Maintain
23/10/2017 Broker: DA Davidson Rating: Buy New Target: $64.0
20/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $61.0 Maintain
20/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $63.0 Maintain
11/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $59 New Target: $62 Maintain

Park National Corp increased Verizon Communications Inc (VZ) stake by 4.61% reported in 2017Q3 SEC filing. Park National Corp acquired 15,165 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Park National Corp holds 343,814 shares with $17.02M value, up from 328,649 last quarter. Verizon Communications Inc now has $215.93B valuation. The stock decreased 0.94% or $0.5 during the last trading session, reaching $52.93. About 9.99M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 2, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. has $61.0 highest and $44 lowest target. $52.04’s average target is -1.68% below currents $52.93 stock price. Verizon Communications Inc. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, November 20 by Wells Fargo. The firm has “Hold” rating by RBC Capital Markets given on Friday, May 26. The company was maintained on Wednesday, October 21 by FBR Capital. RBC Capital Markets maintained the shares of VZ in report on Monday, April 24 with “Hold” rating. The rating was initiated by DA Davidson with “Neutral” on Thursday, February 4. The firm earned “Hold” rating on Friday, April 21 by Argus Research. Barclays Capital maintained it with “Equal Weight” rating and $49 target in Thursday, April 13 report. As per Wednesday, October 21, the company rating was maintained by Scotia Capital. The rating was initiated by Nomura on Friday, October 16 with “Neutral”. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 20. RBC Capital Markets has “Hold” rating and $52.0 target.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Us National Bank & Trust De holds 0.52% or 3.28M shares. Meritage Portfolio has 81,526 shares. Kidder Stephen W stated it has 0.08% in Verizon Communications Inc. (NYSE:VZ). 2.79 million are held by Retirement System Of Alabama. 26,598 are owned by Ims Cap. Voloridge Invest Mngmt Ltd Limited Liability Company accumulated 34,345 shares. Fcg Advisors Lc holds 0.28% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 16,613 shares. Mitchell Sinkler & Starr Pa reported 2.02% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Bank Of Nova Scotia accumulated 1.03 million shares. Foster Dykema Cabot And Co Inc Ma reported 4,138 shares. Cambridge Investment Research Advsrs Incorporated has invested 0.38% in Verizon Communications Inc. (NYSE:VZ). Moreover, Bessemer has 0.87% invested in Verizon Communications Inc. (NYSE:VZ). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.51% or 1.12 million shares. Wealthcare Cap Ltd Llc invested in 780 shares or 0% of the stock. Beutel Goodman invested in 1.66% or 5.54M shares.

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $89,365 activity. On Friday, October 27 SILLIMAN CRAIG L. sold $29,658 worth of Verizon Communications Inc. (NYSE:VZ) or 610 shares.

Park National Corp decreased Union Pacific Corporation (NYSE:UNP) stake by 3,227 shares to 36,663 valued at $4.25M in 2017Q3. It also reduced Exxon Mobil Corporation (NYSE:XOM) stake by 9,850 shares and now owns 453,349 shares. Texas Instruments Inc (NASDAQ:TXN) was reduced too.

Western Alliance Bancorporation operates as the holding firm for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company has market cap of $5.97 billion. The firm offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It has a 19.46 P/E ratio. It also offers commercial and industrial loan products, such as 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 multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.30, from 1.02 in 2017Q2. It increased, as 20 investors sold Western Alliance Bancorporation shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported. Pitcairn Company reported 4,535 shares. Paloma Ptnrs Mgmt Communication holds 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 19,772 shares. California-based First Quadrant L P Ca has invested 0.07% in Western Alliance Bancorporation (NYSE:WAL). Metropolitan Life Insur Ny reported 5,422 shares. Hudson Bay Limited Partnership accumulated 0.18% or 135,000 shares. 5,494 are owned by Neuberger Berman Group Ltd Limited Liability Company. First Tru Advsr L P reported 193,664 shares. D E Shaw & has 20,623 shares. Segall Bryant & Hamill Lc holds 134,005 shares. Parametric Port Associate Lc stated it has 0.01% in Western Alliance Bancorporation (NYSE:WAL). Palouse Mgmt invested in 0.09% or 5,067 shares. Spectrum Group Inc owns 0% invested in Western Alliance Bancorporation (NYSE:WAL) for 6 shares. The New York-based Jefferies Group Inc Lc has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Alliancebernstein Lp holds 811,345 shares. Schwab Charles Invest has 437,441 shares.