Western Alliance Bancorp (NYSE:WAL) insider Duane Ralph Froeschle sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $41.70, for a total value of $625,500.00. Following the completion of the sale, the insider now directly owns 11,050 shares in the company, valued at approximately $460,785. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Duane Ralph Froeschle also recently made the following trade(s):

  • On Monday, November 7th, Duane Ralph Froeschle sold 10,000 shares of Western Alliance Bancorp stock. The stock was sold at an average price of $38.00, for a total value of $380,000.00.

Shares of Western Alliance Bancorp (NYSE:WAL) opened at 44.31 on Tuesday. The company has a 50-day moving average price of $38.02 and a 200 day moving average price of $36.01. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 18.36 and a beta of 1.62. Western Alliance Bancorp has a 52 week low of $26.60 and a 52 week high of $45.79.

Western Alliance Bancorp (NYSE:WAL) last issued its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.66 EPS 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 earned $0.53 earnings per share. Analysts expect 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)

Several research analysts have commented on WAL shares. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Western Alliance Bancorp in a research report on Tuesday, September 13th. Zacks Investment Research downgraded Western Alliance Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Royal Bank Of Canada lifted their price target on Western Alliance Bancorp from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, November 10th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $46.00 price target (up from $42.00) on shares of Western Alliance Bancorp in a research report on Thursday, November 10th. Finally, Wells Fargo & Co. started coverage on Western Alliance Bancorp in a research report on Thursday, September 1st. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.42.

Hedge funds have recently added to or reduced their stakes in the stock. Jacobus Wealth Management Inc. acquired a new stake in Western Alliance Bancorp during the third quarter valued at about $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Western Alliance Bancorp by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,021 shares of the financial services provider’s stock valued at $113,000 after buying an additional 329 shares in the last quarter. Fifth Third Bancorp raised its stake in Western Alliance Bancorp by 899.1% in the second quarter. Fifth Third Bancorp now owns 3,277 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,949 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Western Alliance Bancorp by 163.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,143 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Western Alliance Bancorp by 241.3% in the second quarter. Advisors Asset Management Inc. now owns 3,881 shares of the financial services provider’s stock valued at $127,000 after buying an additional 2,744 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Western Alliance Bancorp Company Profile

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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