Western Alliance Bancorporation (WAL) EVP Sells $169,080.00 in Stock

Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 3,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $56.36, for a total value of $169,080.00. Following the completion of the transaction, the executive vice president now directly owns 20,200 shares in the company, valued at approximately $1,138,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $225,960.00.

Shares of Western Alliance Bancorporation (NYSE WAL) opened at $58.78 on Thursday. The company has a market cap of $6,250.00, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.76. Western Alliance Bancorporation has a 12 month low of $44.64 and a 12 month high of $60.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $211.50 million for the quarter, compared to analyst estimates of $212.27 million. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. Western Alliance Bancorporation’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. equities analysts anticipate that Western Alliance Bancorporation will post 3.07 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on WAL shares. DA Davidson reiterated a “buy” rating and set a $64.00 target price on shares of Western Alliance Bancorporation in a research note on Monday, October 23rd. Barclays set a $65.00 price objective on shares of Western Alliance Bancorporation and gave the company a “buy” rating in a research report on Monday, October 23rd. SunTrust Banks lifted their price target on shares of Western Alliance Bancorporation from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. ValuEngine downgraded shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research downgraded shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Western Alliance Bancorporation presently has a consensus rating of “Buy” and an average target price of $62.94.

Several large investors have recently bought and sold shares of WAL. Maltese Capital Management LLC lifted its holdings in Western Alliance Bancorporation by 207.1% in the 3rd quarter. Maltese Capital Management LLC now owns 215,000 shares of the financial services provider’s stock worth $11,412,000 after buying an additional 145,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Western Alliance Bancorporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,445,077 shares of the financial services provider’s stock worth $366,298,000 after purchasing an additional 195,031 shares during the last quarter. Swiss National Bank increased its position in shares of Western Alliance Bancorporation by 6.3% in the 2nd quarter. Swiss National Bank now owns 166,300 shares of the financial services provider’s stock worth $8,182,000 after purchasing an additional 9,900 shares during the last quarter. Nicholas Investment Partners LP increased its position in shares of Western Alliance Bancorporation by 5.4% in the 2nd quarter. Nicholas Investment Partners LP now owns 134,428 shares of the financial services provider’s stock worth $6,612,000 after purchasing an additional 6,944 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Western Alliance Bancorporation by 532.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 721,972 shares of the financial services provider’s stock worth $35,521,000 after purchasing an additional 607,885 shares during the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

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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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