Nasdaq
華爾街日報Don't Ignore The Insider Selling In Western Alliance Bancorporation
Some Western Alliance Bancorporation (NYSE:WAL) shareholders may be a little concerned to see that the Independent Director, Marianne Johnson, recently sold a substantial US$2.0m worth of stock at a price of US$87.05 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.5%.
Western Alliance Bancorporation Insider Transactions Over The Last Year
In fact, the recent sale by Marianne Johnson was the biggest sale of Western Alliance Bancorporation shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$86.80. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Over the last year we saw more insider selling of Western Alliance Bancorporation shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Western Alliance Bancorporation
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Western Alliance Bancorporation
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Western Alliance Bancorporation insiders own 5.1% of the company, worth about US$481m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Western Alliance Bancorporation Insiders?
Unfortunately, there has been more insider selling of Western Alliance Bancorporation stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Western Alliance Bancorporation makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Western Alliance Bancorporation.
Of course Western Alliance Bancorporation may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.