Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $56.36, for a total transaction of $169,080.00. Following the transaction, the executive vice president now directly owns 20,200 shares in the company, valued at $1,138,472. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert Reoch Mcauslan also recently made the following trade(s):

  • On Friday, October 27th, Robert Reoch Mcauslan sold 4,000 shares of Western Alliance Bancorporation stock. The stock was sold at an average price of $56.49, for a total transaction of $225,960.00.

Shares of Western Alliance Bancorporation (WAL) traded up $0.16 during trading on Wednesday, hitting $58.33. 575,200 shares of the company traded hands, compared to its average volume of 649,373. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Western Alliance Bancorporation has a 12-month low of $44.64 and a 12-month high of $60.25. The stock has a market capitalization of $6,136.36, a PE ratio of 19.72, a PEG ratio of 1.67 and a beta of 1.76.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. The firm had revenue of $211.50 million during the quarter, compared to analysts’ expectations of $212.27 million. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. analysts predict that Western Alliance Bancorporation will post 3.07 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its holdings in Western Alliance Bancorporation by 72.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,531 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,060 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Western Alliance Bancorporation in the third quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Western Alliance Bancorporation by 15.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,490 shares of the financial services provider’s stock valued at $172,000 after buying an additional 469 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Western Alliance Bancorporation in the second quarter valued at $202,000. Finally, Dearborn Partners LLC purchased a new position in Western Alliance Bancorporation in the third quarter valued at $205,000. 81.59% of the stock is owned by institutional investors.

WAL has been the topic of a number of research reports. Jefferies Group reaffirmed a “buy” rating on shares of Western Alliance Bancorporation in a research report on Tuesday, August 29th. Royal Bank of Canada restated a “buy” rating and issued a $58.00 target price on shares of Western Alliance Bancorporation in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, September 5th. DA Davidson reiterated a “buy” rating and set a $64.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, October 23rd. Finally, Barclays set a $62.00 price objective on shares of Western Alliance Bancorporation and gave the stock a “buy” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $62.06.

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About Western Alliance Bancorporation

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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