The EVP Northern CA Administration of Western Alliance (NYSE: WAL) is Selling Shares

By George MacDonald

Today, the EVP Northern CA Administration of Western Alliance (NYSE: WAL), Daniel P. Myers, sold shares of WAL for $355.1k.

In addition to Daniel P. Myers, 10 other WAL executives reported Sell trades in the last month. Following Daniel P. Myers’ last WAL Sell transaction on October 29, 2015, the stock climbed by 2.2%.

Based on Western Alliance`s latest earnings report from September 30, the company posted quarterly revenue of $160.1M and quarterly net profit of $59.13M. In comparison, last year the company earned revenue of $112.3M and had a net profit of $40.92M. The company has a one year high of $39.11 and a one year low of $24.52. WAL’s market cap is $3.97B and the company has a P/E ratio of 20.6%.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $39.67, reflecting a -2.2% downside.

Looking at blogger coverage of WAL, there is a 60% Bullish tendency on the stock, in relation to a 63% average bullish tendency within the Financial sector.

Over the last 3 months, the insider sentiment on Western Alliance has been negative based on 114 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Western Alliance Bancorp provides banking and lending services to locally owned businesses, professional firms, real estate developers and investors and other consumers. It addition it also holds & manages certain non-performing loans and OREO.