Western Alliance Bancorp (NYSE:WAL) Director Steven J. Hilton sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $45.44, for a total value of $1,363,200.00. Following the transaction, the director now owns 31,960 shares in the company, valued at $1,452,262.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Steven J. Hilton also recently made the following trade(s):

  • On Tuesday, November 15th, Steven J. Hilton sold 45,000 shares of Western Alliance Bancorp stock. The stock was sold at an average price of $44.60, for a total value of $2,007,000.00.

Western Alliance Bancorp (NYSE:WAL) traded up 0.70% during trading on Wednesday, reaching $45.78. The company had a trading volume of 814,912 shares. The company has a market capitalization of $4.75 billion, a PE ratio of 18.96 and a beta of 1.62. The stock has a 50 day moving average price of $39.43 and a 200-day moving average price of $36.44. Western Alliance Bancorp has a 52-week low of $26.60 and a 52-week high of $46.44.

Western Alliance Bancorp (NYSE:WAL) last released its 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 net margin of 35.19% and a return on equity of 14.64%. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities research 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)

A number of research analysts have commented on WAL shares. Jefferies Group restated 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 Western Alliance Bancorp from a “buy” rating to a “hold” rating in a research report 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 stock an “outperform” rating in a research report on Thursday, November 10th. RBC Capital Markets reaffirmed an “outperform” rating and set a $46.00 price objective (up previously from $42.00) on shares of Western Alliance Bancorp in a research report on Thursday, November 10th. Finally, Wells Fargo & Co. started coverage on Western Alliance Bancorp in a research report on Thursday, September 1st. They set a “market perform” rating on the stock. One equities research 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’s stock. Western Alliance Bancorp presently has a consensus rating of “Buy” and a consensus target price of $42.42.

Institutional investors have recently made changes to their positions in the stock. Jacobus Wealth Management Inc. bought a new position in shares of Western Alliance Bancorp during the third quarter worth $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Western Alliance Bancorp by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,021 shares of the financial services provider’s stock worth $113,000 after buying an additional 329 shares during the period. Fifth Third Bancorp raised its position in shares of Western Alliance Bancorp by 899.1% in the second quarter. Fifth Third Bancorp now owns 3,277 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,949 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Western Alliance Bancorp by 163.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,143 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Western Alliance Bancorp by 241.3% in the second quarter. Advisors Asset Management Inc. now owns 3,881 shares of the financial services provider’s stock worth $127,000 after buying an additional 2,744 shares during the period. Institutional investors own 80.65% of the company’s stock.

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Western Alliance Bancorp Company Profile

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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