Western Alliance Bancorp (NYSE:WAL) Director Todd Marshall sold 130,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $43.00, for a total value of $5,590,000.00. Following the completion of the transaction, the director now owns 41,346 shares in the company, valued at approximately $1,777,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Western Alliance Bancorp (NYSE:WAL) opened at 43.94 on Thursday. Western Alliance Bancorp has a 1-year low of $26.60 and a 1-year high of $45.79. The firm’s 50-day moving average price is $38.63 and its 200 day moving average price is $36.17. The firm has a market cap of $4.56 billion, a PE ratio of 18.20 and a beta of 1.62.

Western Alliance Bancorp (NYSE:WAL) last released its earnings results on Monday, October 24th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business posted $0.53 EPS. On average, equities research 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)

Several equities analysts have recently weighed in on the company. Jefferies Group restated a “buy” rating and issued a $42.00 target price on shares of Western Alliance Bancorp in a research report on Tuesday, September 27th. Zacks Investment Research cut Western Alliance Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Wells Fargo & Co. assumed coverage on Western Alliance Bancorp in a report on Thursday, September 1st. They issued a “market perform” rating for the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $46.00 price target (up previously from $42.00) on shares of Western Alliance Bancorp in a report on Thursday, November 10th. Finally, Royal Bank Of Canada increased their price target on Western Alliance Bancorp from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Western Alliance Bancorp has an average rating of “Buy” and an average price target of $42.42.

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of 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 during the period. Tower Research Capital LLC TRC raised its stake in shares of 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 during the period. Jacobus Wealth Management Inc. purchased a new stake in shares of Western Alliance Bancorp during the third quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of 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 during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

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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