Western Alliance Bancorporation (WAL) SVP Sells $32,441.40 in Stock

Western Alliance Bancorporation (NYSE:WAL) SVP J. Kelly Jr. Ardrey sold 538 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $60.30, for a total value of $32,441.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Western Alliance Bancorporation (NYSE:WAL) traded up $0.02 during trading on Friday, reaching $58.78. The company had a trading volume of 113,044 shares, compared to its average volume of 721,317. Western Alliance Bancorporation has a one year low of $44.64 and a one year high of $61.50. The company has a market cap of $6,319.73, a PE ratio of 18.95, a P/E/G ratio of 1.15 and a beta of 1.63. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The business had revenue of $224.72 million for the quarter, compared to analysts’ expectations of $225.19 million. Western Alliance Bancorporation had a return on equity of 15.82% and a net margin of 36.56%. During the same period last year, the firm earned $0.70 earnings per share. equities research analysts anticipate that Western Alliance Bancorporation will post 4.01 EPS for the current fiscal year.

A number of research firms have recently issued reports on WAL. Sandler O’Neill restated a “buy” rating and issued a $69.00 price target on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. Zacks Investment Research reaffirmed a “buy” rating and issued a $64.00 target price on shares of Western Alliance Bancorporation in a report on Saturday, January 6th. Barclays raised their target price on Western Alliance Bancorporation from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Stephens started coverage on Western Alliance Bancorporation in a report on Wednesday, January 17th. They issued an “overweight” rating and a $68.00 target price on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 target price on shares of Western Alliance Bancorporation in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.59.

A number of large investors have recently bought and sold shares of WAL. Cerebellum GP LLC bought a new stake in Western Alliance Bancorporation during the fourth quarter valued at about $124,000. American International Group Inc. bought a new stake in Western Alliance Bancorporation during the fourth quarter valued at about $124,000. Canada Pension Plan Investment Board bought a new stake in Western Alliance Bancorporation during the third quarter valued at about $133,000. Raymond James Financial Services Advisors Inc. bought a new stake in Western Alliance Bancorporation during the second quarter valued at about $202,000. Finally, Dearborn Partners LLC bought a new stake in Western Alliance Bancorporation during the third quarter valued at about $205,000. 81.96% of the stock is currently owned by institutional investors and hedge funds.

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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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