Chief Human Resource Officer Barbara Kennedy Sold A Bunch Of Shares In Western Alliance Bancorporation

We wouldn't blame Western Alliance Bancorporation (NYSE:WAL) shareholders if they were a little worried about the fact that Barbara Kennedy, the Chief Human Resource Officer recently netted about US$904k selling shares at an average price of US$81.59. That's a big disposal, and it decreased their holding size by 26%, which is notable but not too bad.

Check out our latest analysis for Western Alliance Bancorporation

The Last 12 Months Of Insider Transactions At Western Alliance Bancorporation

In fact, the recent sale by Barbara Kennedy was the biggest sale of Western Alliance Bancorporation shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$80.35. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Western Alliance Bancorporation didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Western Alliance Bancorporation better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Western Alliance Bancorporation Boast High Insider Ownership?

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. Western Alliance Bancorporation insiders own about US$457m worth of shares (which is 5.2% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Western Alliance Bancorporation Tell Us?

Insiders haven't bought Western Alliance Bancorporation stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Western Alliance Bancorporation has 2 warning signs and it would be unwise to ignore them.

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.