Western Alliance Bancorporation (NYSE:WAL) Chairman Robert Gary Sarver sold 65,448 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $50.39, for a total value of $3,297,924.72. Following the sale, the chairman now directly owns 54,000 shares in the company, valued at approximately $2,721,060. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Western Alliance Bancorporation (NYSE WAL) traded up 0.54% during trading on Friday, reaching $50.64. The company had a trading volume of 409,526 shares. The firm has a market capitalization of $5.27 billion, a PE ratio of 18.29 and a beta of 1.73. The firm has a 50-day moving average of $49.36 and a 200 day moving average of $48.95. Western Alliance Bancorporation has a 1-year low of $34.48 and a 1-year high of $53.84.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Western Alliance Bancorporation had a net margin of 35.67% and a return on equity of 15.23%. The company had revenue of $203.19 million during the quarter, compared to the consensus estimate of $203.71 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Analysts expect that Western Alliance Bancorporation will post $3.04 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Winfield Associates Inc. increased its position in Western Alliance Bancorporation by 0.6% in the second quarter. Winfield Associates Inc. now owns 3,420 shares of the financial services provider’s stock valued at $168,000 after buying an additional 20 shares in the last quarter. Alps Advisors Inc. increased its position in Western Alliance Bancorporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,257 shares of the financial services provider’s stock valued at $455,000 after buying an additional 24 shares in the last quarter. Solaris Asset Management LLC increased its position in Western Alliance Bancorporation by 1.3% in the first quarter. Solaris Asset Management LLC now owns 4,000 shares of the financial services provider’s stock valued at $196,000 after buying an additional 50 shares in the last quarter. BB&T Corp increased its position in Western Alliance Bancorporation by 0.7% in the second quarter. BB&T Corp now owns 20,870 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 155 shares in the last quarter. Finally, First Interstate Bank increased its position in Western Alliance Bancorporation by 2.9% in the first quarter. First Interstate Bank now owns 5,915 shares of the financial services provider’s stock valued at $290,000 after buying an additional 165 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

A number of analysts have recently weighed in on WAL shares. Zacks Investment Research cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $58.00 price objective on shares of Western Alliance Bancorporation in a research report on Friday, May 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 price objective on shares of Western Alliance Bancorporation in a research report on Monday, April 10th. BidaskClub cut Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Barclays PLC reissued an “overweight” rating and issued a $59.00 price objective (up previously from $58.00) on shares of Western Alliance Bancorporation in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.20.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Insider Buying and Selling by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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