Western Alliance Bancorp (NYSE:WAL) Director James E. D. V. M. Nave sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $44.25, for a total value of $442,500.00. Following the transaction, the director now directly owns 252,876 shares in the company, valued at approximately $11,189,763. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Western Alliance Bancorp (NYSE:WAL) opened at 43.99 on Monday. The stock’s 50 day moving average price is $38.02 and its 200-day moving average price is $36.01. Western Alliance Bancorp has a 52-week low of $26.60 and a 52-week high of $44.17. The company has a market cap of $4.56 billion, a P/E ratio of 18.22 and a beta of 1.62.

Western Alliance Bancorp (NYSE:WAL) last announced its earnings results on Monday, October 24th. The financial services provider reported $0.66 EPS for the quarter, beating 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 quarter in the previous year, the firm posted $0.53 EPS. On average, equities analysts predict 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)

A number of large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. boosted its stake in shares of Western Alliance Bancorp by 3.2% in the second quarter. Eagle Asset Management Inc. now owns 106,970 shares of the financial services provider’s stock worth $3,492,000 after buying an additional 3,328 shares during the period. First Republic Investment Management Inc. boosted its stake in shares of Western Alliance Bancorp by 96.0% in the first quarter. First Republic Investment Management Inc. now owns 65,925 shares of the financial services provider’s stock worth $2,201,000 after buying an additional 32,284 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of Western Alliance Bancorp by 35.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 607,690 shares of the financial services provider’s stock worth $19,841,000 after buying an additional 159,195 shares during the period. Renaissance Technologies LLC boosted its stake in shares of 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 period. Finally, BlackRock Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

WAL has been the topic of several analyst reports. Zacks Investment Research raised Western Alliance Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. 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. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Western Alliance Bancorp in a research report on Tuesday, September 13th. Royal Bank Of Canada upped their price objective 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. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $46.00 price objective (up previously from $42.00) on shares of Western Alliance Bancorp in a research report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Western Alliance Bancorp has an average rating of “Buy” and a consensus price target 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

Receive News & Stock Ratings for Western Alliance Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorp and related stocks with our FREE daily email newsletter.