Western Alliance Bancorporation (WAL) EVP Robert Reoch Mcauslan Sells 2,000 Shares

Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $61.02, for a total transaction of $122,040.00. Following the completion of the transaction, the executive vice president now directly owns 18,449 shares of the company’s stock, valued at $1,125,757.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, December 15th, Robert Reoch Mcauslan sold 3,000 shares of Western Alliance Bancorporation stock. The shares were sold at an average price of $56.36, for a total transaction of $169,080.00.

Shares of Western Alliance Bancorporation (NYSE:WAL) traded up $0.46 during mid-day trading on Wednesday, hitting $59.91. 418,197 shares of the stock traded hands, compared to its average volume of 737,888. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17. Western Alliance Bancorporation has a twelve month low of $44.64 and a twelve month high of $61.50. The company has a market capitalization of $6,451.58, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

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

Several hedge funds have recently modified their holdings of WAL. Carillon Tower Advisers Inc. bought a new position in shares of Western Alliance Bancorporation during the fourth quarter worth about $29,732,000. Westwood Holdings Group Inc. lifted its position in shares of Western Alliance Bancorporation by 22.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,816,826 shares of the financial services provider’s stock worth $159,490,000 after purchasing an additional 516,722 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of Western Alliance Bancorporation by 78.3% during the third quarter. Westfield Capital Management Co. LP now owns 1,114,177 shares of the financial services provider’s stock worth $59,141,000 after purchasing an additional 489,157 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Western Alliance Bancorporation by 10.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,601,997 shares of the financial services provider’s stock worth $203,946,000 after purchasing an additional 344,601 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Western Alliance Bancorporation by 7.3% during the fourth quarter. BlackRock Inc. now owns 4,544,458 shares of the financial services provider’s stock worth $257,305,000 after purchasing an additional 311,107 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Sandler O’Neill reissued a “buy” rating and issued a $69.00 price objective on shares of Western Alliance Bancorporation in a research report on Monday, January 29th. Zacks Investment Research reissued a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a research report on Saturday, January 6th. Barclays upped their price objective on shares of Western Alliance Bancorporation from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Stephens assumed coverage on shares of Western Alliance Bancorporation in a research report on Wednesday, January 17th. They issued an “overweight” rating and a $68.00 price objective for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $65.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.59.

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About Western Alliance Bancorporation

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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