Western Alliance Bancorporation (WAL) Files Form 4 Insider Selling : Daniel P Myers Sells 17,000 Shares

Western Alliance Bancorporation (WAL): Daniel P Myers , EVP Northern CA Administration of Western Alliance Bancorporation sold 17,000 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $36.30 per share for a total value of $617,100.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Bruce D Beach (director) sold 3,200 shares at $36.87 per share price.On Apr 29, 2016, William S Boyd (director) sold 19,750 shares at $37.06 per share price.Also, On Apr 28, 2016, Robert Gary Sarver (Chairman and CEO) sold 94,646 shares at $36.92 per share price.On Apr 28, 2016, Donald D Snyder (director) sold 15,000 shares at $36.54 per share price.

Western Alliance Bancorporation: On Monday, May 2, 2016 heightened volatility was witnessed in Western Alliance Bancorporation which led to swings in the share price. The shares opened for trading at $36.65 and hit $36.95 on the upside , eventually ending the session at $36.68, with a gain of 0.27% or 0.1 points. The heightened volatility saw the trading volume jump to 6,93,741 shares. The 52-week high of the share price is $39.11 and the company has a market cap of $3,793 M . The 52-week low of the share price is at $26.6.

Western Alliance Bancorporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Western Alliance Bancorporation is Upgraded by Keefe Bruyette to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Mar 30, 2016.Western Alliance Bancorporation is Upgraded by DA Davidson to Buy and the brokerage firm has set the Price Target at $37. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 11, 2016.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits lending treasury management and online banking products and services through its banking subsidiary Western Alliance Bank (the Bank). The Company’s segments are Arizona Nevada Southern California Northern California Central Business Line (CBL) and Corporate & Other. Its Arizona Nevada and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers including commercial real estate (CRE) loans construction and land development loans commercial loans and consumer loans through the Bank and its banking divisions and operating subsidiaries. It offers a range of deposit products including checking accounts money market accounts and other types of deposit accounts such as fixed-rate and fixed maturity retail certificates of deposit.

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