Western Alliance Bancorporation (NYSE:WAL) EVP Robert Reoch Mcauslan sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $56.36, for a total value of $169,080.00. Following the sale, the executive vice president now owns 20,200 shares of the company’s stock, valued at $1,138,472. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 (WAL) traded up $0.09 during trading hours on Friday, reaching $59.22. The company had a trading volume of 1,360,000 shares, compared to its average volume of 570,548. The stock has a market capitalization of $6,250.00, a price-to-earnings ratio of 20.28, a PEG ratio of 1.34 and a beta of 1.76. 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 52-week low of $44.64 and a 52-week high of $60.25.
Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $211.50 million for the quarter, compared to analyst estimates of $212.27 million. Western Alliance Bancorporation had a return on equity of 15.37% and a net margin of 36.16%. Western Alliance Bancorporation’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. equities research analysts anticipate that Western Alliance Bancorporation will post 3.07 EPS for the current fiscal year.
WAL has been the subject of a number of analyst reports. Zacks Investment Research lowered Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Jefferies Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, September 26th. 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. DA Davidson reiterated a “buy” rating and issued a $64.00 price objective on shares of Western Alliance Bancorporation in a report on Monday, October 23rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $64.50 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Western Alliance Bancorporation has an average rating of “Buy” and an average target price of $62.94.
Several hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in shares of Western Alliance Bancorporation by 72.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,531 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,060 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Western Alliance Bancorporation during the third quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Western Alliance Bancorporation by 15.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,490 shares of the financial services provider’s stock worth $172,000 after buying an additional 469 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Western Alliance Bancorporation during the second quarter worth about $202,000. Finally, Dearborn Partners LLC acquired a new stake in shares of Western Alliance Bancorporation during the third quarter worth about $205,000. 81.59% of the stock is currently owned by institutional investors.
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.
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