Western Alliance Bancorporation (WAL) EVP Robert Reoch Mcauslan Sells 2,000 Shares

Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $61.02, for a total value of $122,040.00. Following the transaction, the executive vice president now owns 18,449 shares in the company, valued at approximately $1,125,757.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, December 15th, Robert Reoch Mcauslan sold 3,000 shares of Western Alliance Bancorporation stock. The stock was sold at an average price of $56.36, for a total value of $169,080.00.

Shares of Western Alliance Bancorporation (NYSE WAL) traded down $0.01 during mid-day trading on Thursday, hitting $59.90. The company’s stock had a trading volume of 281,139 shares, compared to its average volume of 719,992. Western Alliance Bancorporation has a one year low of $44.64 and a one year high of $61.50. The stock has a market cap of $6,271.20, a P/E ratio of 19.33, a P/E/G ratio of 1.14 and a beta of 1.63. 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 earnings results on Thursday, January 25th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. Western Alliance Bancorporation had a return on equity of 15.82% and a net margin of 36.56%. The company had revenue of $224.72 million for the quarter, compared to the consensus estimate of $225.19 million. During the same period last year, the business posted $0.70 EPS. research analysts expect that Western Alliance Bancorporation will post 4.01 EPS for the current year.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Western Alliance Bancorporation by 7.3% in the 4th quarter. BlackRock Inc. now owns 4,544,458 shares of the financial services provider’s stock valued at $257,305,000 after purchasing an additional 311,107 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Western Alliance Bancorporation by 10.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,601,997 shares of the financial services provider’s stock valued at $203,946,000 after buying an additional 344,601 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Western Alliance Bancorporation by 22.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,816,826 shares of the financial services provider’s stock valued at $159,490,000 after buying an additional 516,722 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Western Alliance Bancorporation by 5.9% in the third quarter. Schroder Investment Management Group now owns 2,174,113 shares of the financial services provider’s stock valued at $114,119,000 after buying an additional 120,269 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Western Alliance Bancorporation by 78.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,114,177 shares of the financial services provider’s stock valued at $59,141,000 after buying an additional 489,157 shares in the last quarter. Institutional investors own 81.96% of the company’s stock.

WAL has been the topic of a number of research reports. SunTrust Banks raised their price target on Western Alliance Bancorporation from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. ValuEngine downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Barclays raised their price target on Western Alliance Bancorporation from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $62.00 price target (up previously from $54.00) on shares of Western Alliance Bancorporation in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $66.59.

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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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