Western Alliance Bancorp (NYSE:WAL) EVP Merrill Wall sold 20,141 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $44.85, for a total transaction of $903,323.85. Following the completion of the sale, the executive vice president now directly owns 128,249 shares in the company, valued at $5,751,967.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Western Alliance Bancorp (NYSE:WAL) traded up 0.70% during midday trading on Thursday, hitting $45.78. 814,912 shares of the stock were exchanged. The firm’s 50 day moving average is $39.65 and its 200-day moving average is $36.51. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 18.96 and a beta of 1.62. Western Alliance Bancorp has a 1-year low of $26.60 and a 1-year high of $46.44.

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 net margin of 35.19% and a return on equity of 14.64%. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts predict 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 equities research analysts recently commented on WAL shares. Zacks Investment Research raised shares of 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 shares of Western Alliance Bancorp in a research report on Thursday, September 1st. They issued a “market perform” rating on the stock. Jefferies Group reissued a “buy” rating and set a $42.00 price target on shares of Western Alliance Bancorp in a research report on Tuesday, September 13th. Royal Bank Of Canada boosted their price target 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. Finally, RBC Capital Markets reissued an “outperform” rating and set a $46.00 price target (up 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 given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.42.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted 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 in the last quarter. Tower Research Capital LLC TRC boosted 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 in the last quarter. Jacobus Wealth Management Inc. acquired a new position in shares of Western Alliance Bancorp during the third quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 in the last quarter. Finally, Advisors Asset Management Inc. boosted 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 in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

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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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