Western Alliance Bancorp (NYSE:WAL) Chairman Robert Gary Sarver sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $45.82, for a total value of $2,291,000.00. Following the completion of the sale, the chairman now directly owns 1,055,075 shares of the company’s stock, valued at approximately $48,343,536.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, November 22nd, Robert Gary Sarver sold 50,000 shares of Western Alliance Bancorp stock. The shares were sold at an average price of $45.19, for a total value of $2,259,500.00.
  • On Monday, November 14th, Robert Gary Sarver sold 150,000 shares of Western Alliance Bancorp stock. The shares were sold at an average price of $43.96, for a total value of $6,594,000.00.

Western Alliance Bancorp (NYSE:WAL) opened at 44.87 on Tuesday. Western Alliance Bancorp has a one year low of $26.60 and a one year high of $46.44. The stock’s 50 day moving average price is $40.02 and its 200-day moving average price is $36.70. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 18.59 and a beta of 1.62.

Western Alliance Bancorp (NYSE:WAL) last released its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate 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 company earned $0.53 EPS. On average, equities research analysts expect 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)

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Several equities research analysts recently commented on the company. RBC Capital Markets reissued an “outperform” rating and issued a $46.00 price target (up previously from $42.00) on shares of Western Alliance Bancorp in a research note on Thursday, November 10th. Royal Bank Of Canada boosted their target price on Western Alliance Bancorp from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Wells Fargo & Co. began coverage on Western Alliance Bancorp in a report on Thursday, September 1st. They issued a “market perform” rating for the company. Zacks Investment Research lowered Western Alliance Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $42.00 target price on shares of Western Alliance Bancorp in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $42.42.

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Western Alliance Bancorp by 3.8% in the first quarter. Geode Capital Management LLC now owns 566,414 shares of the financial services provider’s stock worth $18,906,000 after buying an additional 20,514 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Western Alliance Bancorp during the first quarter worth about $664,000. Seven Eight Capital LLC purchased a new position in Western Alliance Bancorp during the first quarter worth about $347,000. Squarepoint Ops LLC purchased a new position in Western Alliance Bancorp during the first quarter worth about $1,469,000. Finally, First Republic Investment Management Inc. increased its position in 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 last quarter. 81.18% of the stock is currently owned by institutional investors.

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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