Western Alliance Bank Appoints Stephen McMaster as Chief Information Security Officer
Written by Emily J. Thompson, Senior Investment Analyst
Western Alliance Bank (WAL) announced that it has appointed Stephen McMaster as Chief Information Security Officer. He will be based in Phoenix. "Steve impressed us with his disciplined approach to risk management, his ability to guide large, complex security organizations and his strong understanding of the regulatory expectations facing large financial institutions," said Western Alliance President and CEO Ken Vecchione. Prior to joining Western Alliance Bank, McMaster spent more than 20 years at Wells Fargo (WFC).
Analyst Views on WAL
Wall Street analysts forecast WAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WAL is 101.38 USD with a low forecast of 85.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
0 Hold
1 Sell
Strong Buy
Current: 88.420
Low
85.00
Averages
101.38
High
115.00
Current: 88.420
Low
85.00
Averages
101.38
High
115.00
About WAL
Western Alliance Bancorporation is a bank holding company. It provides a full spectrum of customized loan, deposit and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly owned banking subsidiary, Western Alliance Bank. It operates through its banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank. The Company also provides an array of specialized financial services to business customers across the country, including mortgage banking services through AmeriHome, treasury management services to the homeowner's association sector, and digital payment services for the class-action legal industry. It has two non-bank subsidiaries, such as CS Insurance Company (CSI) and Western Alliance Trust Company, N.A. (WATC). CSI is a captive insurance company. WATC provides corporate trust services and levered loan administration solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
