Insider Selling: Duane Ralph Froeschle Unloads 16,500 Shares of Western Alliance Bancorporation Stock (WAL)
Western Alliance Bancorporation (NYSE:WAL) EVP Duane Ralph Froeschle unloaded 16,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.00, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 173,415 shares of the company’s stock, valued at approximately $4,161,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WAL. Analysts at RBC Capital raised their price target on shares of Western Alliance Bancorporation from $28.00 to $29.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Western Alliance Bancorporation from $2.00 to $27.00 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.88.
Western Alliance Bancorporation (NYSE:WAL) traded down 0.17% on Thursday, hitting $23.66. The stock had a trading volume of 343,332 shares. Western Alliance Bancorporation has a one year low of $16.26 and a one year high of $25.75. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $23.4. The company has a market cap of $2.051 billion and a price-to-earnings ratio of 16.48.
Western Alliance Bancorporation (NYSE:WAL) last released its earnings data on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Western Alliance Bancorporation will post $1.56 earnings per share for the current fiscal year.
Western Alliance Bancorporation (NYSE:WAL) is a bank holding company.
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