Shares of Western Alliance Bancorp (NYSE:WAL) saw unusually-strong trading volume on Tuesday . Approximately 485,706 shares traded hands during trading, a decline of 11% from the previous session’s volume of 542,991 shares.The stock last traded at $37.97 and had previously closed at $37.64.

Separately, Zacks Investment Research upgraded shares of Western Alliance Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.50.

The company has a 50-day moving average of $35.26 and a 200 day moving average of $34.07. The stock has a market cap of $3.92 billion and a PE ratio of 16.57.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Analysts expect that Western Alliance Bancorp will post $2.54 earnings per share for the current fiscal year.

In related news, Director Donald D. Snyder sold 15,000 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $37.09, for a total transaction of $556,350.00. Following the completion of the transaction, the director now owns 117,579 shares in the company, valued at $4,361,005.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce D. Beach sold 5,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $36.88, for a total transaction of $184,400.00. Following the transaction, the director now owns 35,491 shares of the company’s stock, valued at approximately $1,308,908.08. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Western Alliance Bancorp stock. Morgan Stanley raised its stake in Western Alliance Bancorp (NYSE:WAL) by 540.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 423,685 shares of the financial services provider’s stock after buying an additional 357,513 shares during the period. Morgan Stanley owned approximately 0.42% of Western Alliance Bancorp worth $15,194,000 as of its most recent SEC filing.

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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