Western Alliance Bancorporation (NYSE:WAL) shares are trading higher by 3.06% to $49.82 Monday afternoon, despite a lack of company-specific news for the session.

Western Alliance last Tuesday reported worse-than-expected second-quarter results and a drop in net interest margin. Shares of bank stocks are also trading higher in recent sessions following recent strong earnings from multiple companies in the sector.

Following last week's earnings report, Western Alliance received a number of analyst rating updates.

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According to data from Benzinga Pro, WAL has a 52-week high of $86.87 and a 52-week low of $7.46.