5 Best American Bank Stocks To Buy According to Analysts

2. Western Alliance Bancorporation (NYSE:WAL)

Average Analyst Share Price Target Upside: 29%

Average Share Price Target: $76.09

Western Alliance Bancorporation (NYSE:WAL) is an Arizona based bank with a presence in its home state, Nevada, and California. Its investors and shares were in for some bad news during January 2024 as Wells Fargo downgraded Western Alliance Bancorporation (NYSE:WAL) to Equal Weight from Overweight. However, the shares are rated Strong Buy on average.

During September 2023, out of the 910 hedge funds covered by Insider Monkey’s research, 36 were Western Alliance Bancorporation (NYSE:WAL)’s shareholders. As for the one that held the largest stake, this hedge fund was Ken Griffin’s Citadel Investment Group as it owned $185 million worth of shares.

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