Western Alliance Bancorp (NYSE:WAL) EVP Patricia A. Taylor sold 3,382 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $43.76, for a total transaction of $147,996.32. Following the transaction, the executive vice president now owns 24,448 shares in the company, valued at $1,069,844.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Western Alliance Bancorp (NYSE:WAL) traded up 0.05% during midday trading on Friday, hitting $44.01. 205,278 shares of the stock were exchanged. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.23 and a beta of 1.62. Western Alliance Bancorp has a 1-year low of $26.60 and a 1-year high of $45.79. The stock’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 issued its earnings results on Monday, October 24th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.53 EPS. On average, analysts forecast that Western Alliance Bancorp will post $2.50 EPS for the current year.

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

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

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Western Alliance Bancorp by 3.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,689,441 shares of the financial services provider’s stock worth $288,662,000 after buying an additional 275,177 shares during the last quarter. Vanguard Group Inc. raised its stake in Western Alliance Bancorp by 1.2% in the second quarter. Vanguard Group Inc. now owns 6,485,601 shares of the financial services provider’s stock worth $211,755,000 after buying an additional 76,472 shares during the last quarter. Victory Capital Management Inc. raised its stake 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 worth $156,102,000 after buying an additional 1,465,073 shares during the last quarter. Lord Abbett & CO. LLC raised its stake 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 worth $98,859,000 after buying an additional 861,446 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake 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 worth $63,854,000 after buying an additional 1,924,980 shares during the last quarter. 80.41% of the stock is 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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