Western Alliance Bancorp (NYSE:WAL) Director Marianne Boyd Johnson sold 104,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $43.97, for a total value of $4,572,880.00. Following the completion of the transaction, the director now directly owns 3,295 shares of the company’s stock, valued at approximately $144,881.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Marianne Boyd Johnson also recently made the following trade(s):

  • On Tuesday, August 30th, Marianne Boyd Johnson sold 4,500 shares of Western Alliance Bancorp stock. The shares were sold at an average price of $37.90, for a total value of $170,550.00.

Shares of Western Alliance Bancorp (NYSE:WAL) opened at 44.58 on Tuesday. The company’s 50-day moving average price is $39.20 and its 200-day moving average price is $36.37. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.47 and a beta of 1.62. Western Alliance Bancorp has a 52-week low of $26.60 and a 52-week high of $45.79.

Western Alliance Bancorp (NYSE:WAL) last posted its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.66 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 quarter in the previous year, the company earned $0.53 earnings per share. 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)

WAL has been the subject of several recent research reports. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Western Alliance Bancorp in a report on Tuesday, September 13th. Zacks Investment Research lowered Western Alliance Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. 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 note on Thursday, November 10th. RBC Capital Markets reiterated an “outperform” rating and issued a $46.00 price objective (up from $42.00) on shares of Western Alliance Bancorp in a research note on Thursday, November 10th. Finally, Wells Fargo & Co. initiated coverage on Western Alliance Bancorp in a research note on Thursday, September 1st. They issued a “market perform” rating on the stock. 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’s stock. Western Alliance Bancorp presently has an average rating of “Buy” and an average price target of $42.42.

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $288,662,000 after buying an additional 275,177 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 valued at $211,755,000 after buying an additional 76,472 shares during the period. Victory Capital Management Inc. increased its stake in shares of 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 during the period. Lord Abbett & CO. LLC increased its stake in shares of 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 during the period. Finally, Westwood Holdings Group Inc. increased its stake in shares of 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 during the period. Hedge funds and other institutional investors own 80.65% 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

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.