Robert Gary Sarver Sells 6,185 Shares of Western Alliance Bancorporation (WAL) Stock
Western Alliance Bancorporation (NYSE:WAL) Chairman Robert Gary Sarver sold 6,185 shares of the business’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $60.72, for a total value of $375,553.20. Following the completion of the sale, the chairman now directly owns 67,921 shares in the company, valued at approximately $4,124,163.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Robert Gary Sarver also recently made the following trade(s):
- On Monday, March 5th, Robert Gary Sarver sold 67,057 shares of Western Alliance Bancorporation stock. The stock was sold at an average price of $59.95, for a total value of $4,020,067.15.
Western Alliance Bancorporation (WAL) opened at $57.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $6,364.32, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.16 and a beta of 1.58. Western Alliance Bancorporation has a 1-year low of $44.64 and a 1-year high of $62.49.
WAL has been the topic of a number of research reports. ValuEngine downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. UBS initiated coverage on Western Alliance Bancorporation in a research note on Wednesday. They issued a “buy” rating and a $70.00 price objective on the stock. Wells Fargo reissued an “outperform” rating and issued a $62.00 price objective (up previously from $54.00) on shares of Western Alliance Bancorporation in a research note on Tuesday, January 9th. Finally, DA Davidson reissued a “buy” rating on shares of Western Alliance Bancorporation in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.88.
Hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. acquired a new position in shares of Western Alliance Bancorporation in the 4th quarter worth $124,000. Cerebellum GP LLC acquired a new position in shares of Western Alliance Bancorporation in the 4th quarter worth $124,000. Canada Pension Plan Investment Board acquired a new position in shares of Western Alliance Bancorporation in the 3rd quarter worth $133,000. MAI Capital Management acquired a new position in shares of Western Alliance Bancorporation in the 4th quarter worth $208,000. Finally, Timber Hill LLC acquired a new position in shares of Western Alliance Bancorporation in the 4th quarter worth $208,000. Institutional investors and hedge funds own 83.33% of the company’s stock.
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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.
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