Western Alliance Bancorp (NYSE:WAL) Chairman Robert Gary Sarver sold 150,000 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $43.96, for a total value of $6,594,000.00. Following the sale, the chairman now owns 1,130,075 shares of the company’s stock, valued at $49,678,097. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Western Alliance Bancorp (NYSE:WAL) opened at 43.99 on Friday. The stock has a 50 day moving average price of $38.81 and a 200 day moving average price of $36.22. Western Alliance Bancorp has a 12 month low of $26.60 and a 12 month high of $45.79. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 18.22 and a beta of 1.62.

Western Alliance Bancorp (NYSE:WAL) last released its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.66 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 period last year, the company earned $0.53 earnings per share. Analysts anticipate that Western Alliance Bancorp will post $2.50 earnings per share for the current fiscal year.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its position in Western Alliance Bancorp by 6,265.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,955,702 shares of the financial services provider’s stock valued at $63,854,000 after buying an additional 1,924,980 shares in the last quarter. Victory Capital Management Inc. raised its position in Western Alliance Bancorp by 54.4% in the third quarter. Victory Capital Management Inc. now owns 4,158,272 shares of the financial services provider’s stock valued at $156,102,000 after buying an additional 1,465,073 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Western Alliance Bancorp by 39.8% in the second quarter. Lord Abbett & CO. LLC now owns 3,027,841 shares of the financial services provider’s stock valued at $98,859,000 after buying an additional 861,446 shares in the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Western Alliance Bancorp by 812.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 721,709 shares of the financial services provider’s stock valued at $23,564,000 after buying an additional 642,636 shares in the last quarter. Finally, RMB Capital Management LLC bought a new position in Western Alliance Bancorp during the third quarter valued at approximately $16,893,000. 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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