Western Alliance Bancorporation Director Sells $162,838 in Stock (WAL)
Western Alliance Bancorporation (NYSE:WAL) Director Marianne Boyd Johnson sold 6,740 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $24.16, for a total transaction of $162,838.40. Following the transaction, the director now directly owns 25,370 shares of the company’s stock, valued at approximately $612,939. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Western Alliance Bancorporation (NYSE:WAL) traded down 1.36% on Monday, hitting $23.94. 204,914 shares of the company’s stock traded hands. Western Alliance Bancorporation has a one year low of $14.08 and a one year high of $25.75. The stock’s 50-day moving average is $23.10 and its 200-day moving average is $23.24. The company has a market cap of $2.068 billion and a P/E ratio of 17.08.
A number of analysts have recently weighed in on WAL shares. Analysts at FIG Partners upgraded shares of Western Alliance Bancorporation from a “market perform” rating to an “outperform” rating in a research note on Monday, April 28th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Western Alliance Bancorporation in a research note on Wednesday, April 23rd. They now have a $26.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Western Alliance Bancorporation from $26.00 to $27.00 in a research note on Wednesday, April 23rd. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $25.41.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.