Today: 50,000 Shares of Western Alliance Bancorp (WAL) Stock are sold by Robert Gary Sarver

Today: 50,000 Shares of Western Alliance Bancorp (WAL) Stock are sold by Robert Gary Sarver

Western Alliance Bancorp (NYSE:WAL) Chairman Robert Gary Sarver sold 50,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $45.82, for a total value of $2,291,000.00. Following the completion of the sale, the chairman now directly owns 1,055,075 shares in the company, valued at approximately $48,343,536.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Robert Gary Sarver also recently made the following trade(s): On Tuesday, November 22nd, Robert Gary Sarver sold 50,000 shares of Western Alliance Bancorp stock. The shares were sold at an average price of $45.19, for a total value of $2,259,500.00. On Monday, November 14th, Robert Gary Sarver sold 150,000 shares of Western Alliance Bancorp stock. The shares were sold at an average price of $43.96, for a total value of $6,594,000.00.

Western Alliance Bancorp (NYSE:WAL) traded down 2.03% on Monday, reaching $44.87. The company’s stock had a trading volume of 526,033 shares. Western Alliance Bancorp has a 52 week low of $26.60 and a 52 week high of $46.44. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 18.59 and a beta of 1.62. The firm’s 50 day moving average price is $39.85 and its 200-day moving average price is $36.59.

Western Alliance Bancorp (NYSE:WAL) last announced its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Western Alliance Bancorp had a return on equity of 14.64% and a net margin of 35.19%. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Western Alliance Bancorp will post $2.50 EPS for the current year.

A number of large investors have recently made changes to their positions in WAL. TCI Wealth Advisors Inc. raised its stake in Western Alliance Bancorp by 1.3% in the second quarter. TCI Wealth Advisors Inc. now owns 5,191 shares of the financial services provider’s stock worth $169,000 after buying an additional 66 shares during the period. Rothschild Asset Management Inc. raised its stake in Western Alliance Bancorp by 2.4% in the third quarter. Rothschild Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $294,000 after buying an additional 185 shares during the period. HighTower Advisors LLC raised its stake in Western Alliance Bancorp by 0.7% in the third quarter. HighTower Advisors LLC now owns 35,489 shares of the financial services provider’s stock worth $1,333,000 after buying an additional 239 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Western Alliance Bancorp by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,021 shares of the financial services provider’s stock worth $113,000 after buying an additional 329 shares during the period. Finally, Aperio Group LLC raised its stake in Western Alliance Bancorp by 4.2% in the third quarter. Aperio Group LLC now owns 11,038 shares of the financial services provider’s stock worth $414,000 after buying an additional 449 shares during the period. Institutional investors own 81.18% of the company’s stock.

A number of equities research analysts have issued reports on the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $46.00 price target (up previously from $42.00) on shares of Western Alliance Bancorp in a research report on Thursday, November 10th. Royal Bank Of Canada boosted their target price on Western Alliance Bancorp from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, November 10th. Wells Fargo & Co. assumed coverage on Western Alliance Bancorp in a research note on Thursday, September 1st. They set a “market perform” rating for the company. Zacks Investment Research cut Western Alliance Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Finally, Jefferies Group restated a “buy” rating and set a $42.00 target price on shares of Western Alliance Bancorp in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.42.

About Western Alliance Bancorp

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