Insider Selling: Western Alliance Bancorp. EVP Sells 4,858 Shares of Stock (WAL)
Western Alliance Bancorp. (NYSE:WAL) EVP Randall S. Theisen sold 4,858 shares of the stock on the open market in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.60, for a total transaction of $114,648.80. Following the transaction, the executive vice president now directly owns 19,758 shares in the company, valued at approximately $466,289. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Western Alliance Bancorp. (NYSE:WAL) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.02. During the same quarter in the prior year, the company posted $0.22 earnings per share.
A number of research firms have recently commented on WAL. Analysts at Sandler O’Neill upgraded shares of Western Alliance Bancorp. from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $27.00 price target on the stock, up previously from $24.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Western Alliance Bancorp. from $21.00 to $24.00 in a research note to investors on Monday. Finally, analysts at Zacks downgraded shares of Western Alliance Bancorp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $25.70 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Western Alliance Bancorp. has an average rating of “Buy” and a consensus price target of $22.63.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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