Western Alliance Bancorp. EVP Merrill Wall Unloads 75,000 Shares (WAL)
Western Alliance Bancorp. (NYSE:WAL) EVP Merrill Wall sold 75,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $21.60, for a total value of $1,620,000.00. Following the transaction, the executive vice president now directly owns 117,504 shares in the company, valued at approximately $2,538,086. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Western Alliance Bancorp. (NYSE:WAL) traded down 0.14% on Thursday, hitting $21.54. 252,168 shares of the company’s stock traded hands. Western Alliance Bancorp. has a 52-week low of $9.08 and a 52-week high of $18.75. The stock has a 50-day moving average of $17.38 and a 200-day moving average of $15.44. The company has a market cap of $1.846 billion and a price-to-earnings ratio of 16.34.
Western Alliance Bancorp. (NYSE:WAL) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. During the same quarter in the previous year, the company posted $0.20 earnings per share.
A number of research firms have recently commented on WAL. Analysts at Sterne Agee downgraded shares of Western Alliance Bancorp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Jefferies Group raised their price target on shares of Western Alliance Bancorp. from $22.00 to $24.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Western Alliance Bancorp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $22.30 price target on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.59.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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