Today, the EC of Western Alliance (WAL), Robert Gary Sarver, sold shares of WAL for $3.1M.
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Based on Western Alliance’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $302 million and quarterly net profit of $121 million. In comparison, last year the company earned revenue of $247 million and had a net profit of $101 million. WAL’s market cap is $4.95B and the company has a P/E ratio of 11.04. Currently, Western Alliance has an average volume of 603.7K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $56.43, reflecting a 18.1% upside.
The insider sentiment on Western Alliance has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Robert Gary Sarver’s trades have generated a -15.7% 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.
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Western Alliance Bancorporation is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services for businesses. It operates through the following business segments: Homeowners Association (HOA) Services; Hotel Franchise Finance (HFF); Public & Nonprofit Finance; Technology and Innovation; Other NBL (National Business Lines); and Corporate and Other. The company was founded in 1995 and is headquartered in Phoenix, AZ.
