Robert Reoch Mcauslan Sells 3,000 Shares of Western Alliance Bancorporation (WAL) Stock

Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 3,000 shares of Western Alliance Bancorporation stock in a transaction on Friday, December 15th. The shares were sold at an average price of $56.36, for a total value of $169,080.00. Following the completion of the sale, the executive vice president now owns 20,200 shares in the company, valued at approximately $1,138,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Reoch Mcauslan also recently made the following trade(s):

  • On Friday, October 27th, Robert Reoch Mcauslan sold 4,000 shares of Western Alliance Bancorporation stock. The shares were sold at an average price of $56.49, for a total value of $225,960.00.

Western Alliance Bancorporation (NYSE:WAL) traded up $0.37 during trading hours on Thursday, hitting $59.15. The stock had a trading volume of 507,861 shares, compared to its average volume of 507,733. The firm has a market cap of $6,220.00, a PE ratio of 20.26, a P/E/G ratio of 1.39 and a beta of 1.76. Western Alliance Bancorporation has a twelve month low of $44.64 and a twelve month high of $60.25. 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 released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $211.50 million during the quarter, compared to analysts’ expectations of $212.27 million. Western Alliance Bancorporation had a return on equity of 15.37% and a net margin of 36.16%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. research analysts forecast that Western Alliance Bancorporation will post 3.07 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Western Alliance Bancorporation by 4.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 400,718 shares of the financial services provider’s stock valued at $19,716,000 after purchasing an additional 17,408 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Western Alliance Bancorporation by 8.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,014 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 613 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Western Alliance Bancorporation by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 116,739 shares of the financial services provider’s stock valued at $5,744,000 after purchasing an additional 859 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Western Alliance Bancorporation by 15.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,190 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 2,541 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Western Alliance Bancorporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,257 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 24 shares during the last quarter. 81.59% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Barclays set a $62.00 price objective on Western Alliance Bancorporation and gave the company a “buy” rating in a report on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Western Alliance Bancorporation in a report on Thursday, October 12th. Wells Fargo & Co reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $54.00) on shares of Western Alliance Bancorporation in a report on Tuesday. Finally, ValuEngine cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $62.94.

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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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