Western Alliance Bancorp (NYSE:WAL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $33.72, but opened at $34.06. Western Alliance Bancorp shares last traded at $35.27, with a volume of 327,096 shares traded.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Western Alliance Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $42.50 target price (up from $41.00) on shares of Western Alliance Bancorp in a research report on Monday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.50.

The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of 15.31. The company’s 50 day moving average price is $33.50 and its 200-day moving average price is $33.33.

Western Alliance Bancorp (NYSE:WAL) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. On average, equities research analysts anticipate that Western Alliance Bancorp will post $2.54 earnings per share for the current fiscal year.

In other news, Director M Nafees Nagy sold 100,000 shares of Western Alliance Bancorp stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $36.64, for a total value of $3,664,000.00. Following the sale, the director now directly owns 4,500 shares in the company, valued at approximately $164,880. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marianne Boyd Johnson sold 5,000 shares of Western Alliance Bancorp stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $37.76, for a total value of $188,800.00. Following the completion of the sale, the director now owns 7,795 shares in the company, valued at $294,339.20. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the company. RS Investment Management Co. LLC raised its stake in shares of Western Alliance Bancorp by 8.0% in the fourth quarter. RS Investment Management Co. LLC now owns 2,254,432 shares of the financial services provider’s stock worth $80,844,000 after buying an additional 166,868 shares in the last quarter. US Bancorp DE raised its stake in shares of Western Alliance Bancorp by 2.5% in the fourth quarter. US Bancorp DE now owns 61,487 shares of the financial services provider’s stock worth $2,205,000 after buying an additional 1,501 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Western Alliance Bancorp during the fourth quarter worth $28,864,000. Principal Financial Group Inc. raised its stake in shares of Western Alliance Bancorp by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 394,014 shares of the financial services provider’s stock worth $14,129,000 after buying an additional 8,163 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Western Alliance Bancorp by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 606,186 shares of the financial services provider’s stock worth $21,738,000 after buying an additional 1,808 shares in the last quarter.

Western Alliance Bancorporation 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.

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