A Director at Western Alliance (NYSE: WAL) is Selling Shares

By George MacDonald

Today, a Director at Western Alliance (NYSE: WAL), William S. Boyd, sold shares of WAL for $732.2k.

Following William S. Boyd’s last WAL Sell transaction on February 04, 2016, the stock climbed by 5.7%. In addition to William S. Boyd, 5 other WAL executives reported Sell trades in the last month.

Based on Western Alliance`s latest earnings report from December 31, the company posted quarterly revenue of $163.5M and quarterly net profit of $60.2M. In comparison, last year the company earned revenue of $116.9M and had a net profit of $40.19M. The company has a one year high of $39.11 and a one year low of $26.60. WAL’s market cap is $3.76B and the company has a P/E ratio of 17.09%.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $40.17, reflecting a -8.9% downside.

Looking at blogger coverage of WAL, there is a 50% Bullish tendency on the stock, in relation to a 73% average bullish tendency within the Financial sector.

Over the last 3 months, the insider sentiment on Western Alliance has been negative based on 122 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Western Alliance Bancorp operates as a bank holding company. It engages in providing service banking and related services to locally owned businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals and other consumers through its three wholly owned subsidiary banks: Bank of Nevada, Western Alliance Bank and Torrey Pines Bank. The company also offers investment advisory services through four Banks: Bank of Nevada, Western Alliance Bank, Torrey Pines Bank and Other segment, which include Western Alliance Bancorp, Western Alliance Equipment Finance, Shine Investment Advisory Services, Inc. It provides financial services to customers, including commercial real estate loans, construction and land development loans, commercial loans, and consumer loans and offers deposit products, including checking accounts, savings accounts, money market accounts and other types of deposit accounts, including fixed-rate, fixed maturity retail certificates of deposit. Western Alliance Bancorp also offers other financial services to customers, including 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.