Western Alliance Bancorp. EVP Bruce Hendricks Unloads 20,000 Shares (WAL)
Western Alliance Bancorp. (NYSE:WAL) EVP Bruce Hendricks sold 20,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $22.12, for a total value of $442,400.00. Following the completion of the sale, the executive vice president now directly owns 66,426 shares in the company, valued at approximately $1,469,343. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 on Monday, January 27th. 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 on Monday, January 27th. Finally, analysts at Zacks downgraded shares of Western Alliance Bancorp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 1st. They now have a $25.70 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $22.63.
Shares of Western Alliance Bancorp. (NYSE:WAL) traded up 0.46% on Friday, hitting $21.82. The stock had a trading volume of 760,796 shares. Western Alliance Bancorp. has a 1-year low of $12.91 and a 1-year high of $25.27. The stock has a 50-day moving average of $22.67 and a 200-day moving average of $20.82. The company has a market cap of $1.875 billion and a P/E ratio of 16.58.
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. On average, analysts predict that Western Alliance Bancorp. will post $1.44 earnings per share for the current fiscal year.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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