The EVP, Chief Admin Officer of Western Alliance (NYSE: WAL) is Selling Shares

By Carrie Williams

Today, the EVP, Chief Admin Officer of Western Alliance (NYSE: WAL), Merrill Wall, sold shares of WAL for $903.3K.

In addition to Merrill Wall, 23 other WAL executives reported Sell trades in the last month. Following Merrill Wall’s last WAL Sell transaction on November 14, 2016, the stock climbed by 1.2%.

Based on Western Alliance’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $195 million and quarterly net profit of $67.05 million. In comparison, last year the company earned revenue of $154 million and had a net profit of $59.13 million. The company has a one year high of $46.44 and a one year low of $26.60. WAL’s market cap is $4.78B and the company has a P/E ratio of 18.86.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy WAL with a $45 price target.

The insider sentiment on Western Alliance has been negative according to 125 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Merrill Wall’s trades have generated a -22.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Western Alliance Bancorp operates as a bank holding company, which engages in the provision of service banking and related services to locally owned businesses, professional firms, real estate developers and investors, local non-profit organization. It includes internet banking, wire transfers, electronic bill payment, lock box services, courier, and cash management services. The company was founded in 1995 and is headquartered in Phoenix, AZ.