Western Alliance Bancorp (NYSE:WAL) Director M Nafees Nagy sold 72,300 shares of Western Alliance Bancorp stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $40.94, for a total value of $2,959,962.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

M Nafees Nagy also recently made the following trade(s):

  • On Tuesday, November 8th, M Nafees Nagy sold 27,700 shares of Western Alliance Bancorp stock. The stock was sold at an average price of $38.03, for a total value of $1,053,431.00.

Western Alliance Bancorp (NYSE:WAL) opened at 44.31 on Tuesday. Western Alliance Bancorp has a 12 month low of $26.60 and a 12 month high of $45.79. The company’s 50 day moving average price is $38.02 and its 200 day moving average price is $36.01. The stock has a market cap of $4.60 billion, a PE ratio of 18.36 and a beta of 1.62.

Western Alliance Bancorp (NYSE:WAL) last issued its earnings results on Monday, October 24th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Western Alliance Bancorp had a return on equity of 14.64% and a net margin of 35.19%. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities analysts forecast that Western Alliance Bancorp will post $2.50 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Western Alliance Bancorp (NYSE:WAL)

A number of brokerages have weighed in on WAL. RBC Capital Markets reiterated an “outperform” rating and issued a $46.00 target price (up from $42.00) on shares of Western Alliance Bancorp in a report on Thursday, November 10th. Zacks Investment Research upgraded Western Alliance Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Royal Bank Of Canada lifted their target price on Western Alliance Bancorp from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Jefferies Group reissued a “buy” rating and issued a $42.00 price objective on shares of Western Alliance Bancorp in a research note on Tuesday, September 27th. Finally, Wells Fargo & Co. started coverage on Western Alliance Bancorp in a research note on Thursday, September 1st. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.42.

Large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in shares of Western Alliance Bancorp by 29.0% in the first quarter. Prudential Financial Inc. now owns 79,258 shares of the financial services provider’s stock valued at $2,646,000 after buying an additional 17,800 shares in the last quarter. BlackRock Inc. raised its position in Western Alliance Bancorp by 161.9% in the first quarter. BlackRock Inc. now owns 6,183 shares of the financial services provider’s stock worth $207,000 after buying an additional 3,822 shares during the last quarter. AXA acquired a new position in Western Alliance Bancorp during the first quarter worth approximately $187,000. Geode Capital Management LLC raised its position in Western Alliance Bancorp by 3.8% in the first quarter. Geode Capital Management LLC now owns 566,414 shares of the financial services provider’s stock worth $18,906,000 after buying an additional 20,514 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Western Alliance Bancorp by 283.0% in the first quarter. Wellington Management Group LLP now owns 3,038,715 shares of the financial services provider’s stock worth $101,432,000 after buying an additional 2,245,217 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

About Western Alliance Bancorp

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposits, lending, treasury management and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Company’s segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL), and Corporate & Other.

5 Day Chart for NYSE:WAL

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