Western Alliance Bancorp (NYSE:WAL) Chairman Robert Gary Sarver sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $45.19, for a total transaction of $2,259,500.00. Following the transaction, the chairman now directly owns 1,105,075 shares of the company’s stock, valued at $49,938,339.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Robert Gary Sarver also recently made the following trade(s):

  • On Monday, November 14th, Robert Gary Sarver sold 150,000 shares of Western Alliance Bancorp stock. The stock was sold at an average price of $43.96, for a total transaction of $6,594,000.00.

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

Western Alliance Bancorp (NYSE:WAL) last issued its earnings results on Monday, October 24th. The financial services provider reported $0.66 earnings per share 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 last year, the business earned $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)

Several institutional investors have recently modified their holdings of WAL. Fox Run Management L.L.C. raised its position in shares of Western Alliance Bancorp by 66.1% in the second quarter. Fox Run Management L.L.C. now owns 20,100 shares of the financial services provider’s stock worth $656,000 after buying an additional 8,000 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Western Alliance Bancorp during the second quarter worth $768,000. Foundry Partners LLC raised its position in shares of Western Alliance Bancorp by 8.4% in the second quarter. Foundry Partners LLC now owns 7,125 shares of the financial services provider’s stock worth $233,000 after buying an additional 550 shares during the last quarter. Beacon Financial Group purchased a new position in shares of Western Alliance Bancorp during the second quarter worth $325,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Western Alliance Bancorp by 14,382.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,269 shares of the financial services provider’s stock worth $303,000 after buying an additional 9,205 shares during the last quarter. 80.65% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on the stock. RBC Capital Markets reissued an “outperform” rating and issued a $46.00 target price (up from $42.00) on shares of Western Alliance Bancorp in a research note on Thursday, November 10th. Zacks Investment Research raised shares of Western Alliance Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Royal Bank Of Canada raised their target price on shares of Western Alliance Bancorp from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Jefferies Group reissued a “buy” rating and issued a $42.00 target price on shares of Western Alliance Bancorp in a research note on Tuesday, September 27th. Finally, Wells Fargo & Co. assumed coverage on shares of Western Alliance Bancorp in a research note on Thursday, September 1st. They issued a “market perform” rating for the company. One 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 stock has an average rating of “Buy” and an average price target of $42.42.

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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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