Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 4,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $56.49, for a total value of $225,960.00. Following the completion of the sale, the executive vice president now directly owns 23,200 shares of the company’s stock, valued at approximately $1,310,568. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Western Alliance Bancorporation (NYSE:WAL) traded up 0.04% during trading on Tuesday, reaching $55.80. The company’s stock had a trading volume of 632,621 shares. Western Alliance Bancorporation has a 12-month low of $36.30 and a 12-month high of $56.67. The company has a market capitalization of $5.81 billion, a P/E ratio of 20.15 and a beta of 1.75. The firm’s 50-day moving average price is $52.15 and its 200 day moving average price is $49.22.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a return on equity of 15.71% and a net margin of 36.16%. The business had revenue of $211.50 million during the quarter, compared to analysts’ expectations of $212.27 million. During the same period in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts predict that Western Alliance Bancorporation will post $3.08 earnings per share for the current fiscal year.

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A number of research firms have issued reports on WAL. SunTrust Banks, Inc. increased their price objective on Western Alliance Bancorporation from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. DA Davidson reiterated a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a report on Monday, October 23rd. Barclays PLC set a $65.00 price objective on Western Alliance Bancorporation and gave the stock a “buy” rating in a report on Monday, October 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $64.50 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $62.06.

Several hedge funds and other institutional investors have recently modified their holdings of WAL. UBS Asset Management Americas Inc. lifted its stake in shares of Western Alliance Bancorporation by 21.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 55,550 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 9,992 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Western Alliance Bancorporation during the 1st quarter worth $855,000. FMR LLC lifted its stake in shares of Western Alliance Bancorporation by 1.2% during the 1st quarter. FMR LLC now owns 1,165,117 shares of the financial services provider’s stock worth $57,195,000 after purchasing an additional 14,100 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Western Alliance Bancorporation by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 120,859 shares of the financial services provider’s stock worth $5,933,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Western Alliance Bancorporation by 187.4% during the 1st quarter. Legal & General Group Plc now owns 31,290 shares of the financial services provider’s stock worth $1,536,000 after purchasing an additional 20,402 shares during the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Insider Buying and Selling by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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