Western Alliance Bancorp (NYSE:WAL) Director Steven J. Hilton sold 45,000 shares of Western Alliance Bancorp stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $44.60, for a total transaction of $2,007,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Western Alliance Bancorp (NYSE:WAL) traded down 0.20% on Friday, hitting $43.90. 165,972 shares of the stock were exchanged. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 18.19 and a beta of 1.62. Western Alliance Bancorp has a one year low of $26.60 and a one year high of $45.79. The firm’s 50 day moving average price is $38.81 and its 200 day moving average price is $36.22.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased 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 about $187,000. Geode Capital Management LLC increased 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. Renaissance Technologies LLC increased its position in Western Alliance Bancorp by 78.4% in the first quarter. Renaissance Technologies LLC now owns 849,920 shares of the financial services provider’s stock worth $28,370,000 after buying an additional 373,600 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Western Alliance Bancorp during the first quarter worth about $664,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

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

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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