Western Alliance Bancorporation (NYSE:WAL) Director Marianne Boyd Johnson sold 4,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.42, for a total transaction of $217,680.00. Following the completion of the transaction, the director now directly owns 3,295 shares in the company, valued at $179,313.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Western Alliance Bancorporation (NYSE:WAL) opened at $55.37 on Wednesday. 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 has a fifty-two week low of $44.64 and a fifty-two week high of $57.04. The stock has a market cap of $5,834.66, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.77.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. The company 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 company earned $0.66 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. equities research analysts predict that Western Alliance Bancorporation will post 3.07 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Western Alliance Bancorporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 7,445,077 shares of the financial services provider’s stock valued at $366,298,000 after buying an additional 195,031 shares during the period. Swiss National Bank lifted its stake in shares of Western Alliance Bancorporation by 6.3% in the second quarter. Swiss National Bank now owns 166,300 shares of the financial services provider’s stock valued at $8,182,000 after buying an additional 9,900 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Western Alliance Bancorporation by 532.8% in the second quarter. Eagle Asset Management Inc. now owns 721,972 shares of the financial services provider’s stock valued at $35,521,000 after buying an additional 607,885 shares during the period. Nicholas Investment Partners LP lifted its stake in shares of Western Alliance Bancorporation by 5.4% in the second quarter. Nicholas Investment Partners LP now owns 134,428 shares of the financial services provider’s stock valued at $6,612,000 after buying an additional 6,944 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Western Alliance Bancorporation by 0.7% in the second quarter. Rhumbline Advisers now owns 116,739 shares of the financial services provider’s stock valued at $5,744,000 after buying an additional 859 shares during the period. Institutional investors and hedge funds own 81.05% of the company’s stock.

A number of research firms have recently weighed in on WAL. Jefferies Group LLC reaffirmed a “buy” rating and issued a $57.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, September 26th. BidaskClub cut shares of Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Barclays PLC set a $62.00 price objective on shares of Western Alliance Bancorporation and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. began coverage on shares of Western Alliance Bancorporation in a report on Friday, August 18th. They issued a “buy” rating and a $59.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.06.

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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