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Western Alliance Ban Corp. (WAL) CEO Robert Gary Sarver buys 50,000 Shares

November 16, 2009 | About:
insider

insider

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Chairman, President and CEO of Western Alliance Ban Corp. (WAL) Robert Gary Sarver buys 50,000 shares of WAL on 11/10/2009 at an average price of $3.39 a share.

Western Alliance Bancorporation is the parent company of BankWest of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Miller/Russell & Associates, and Premier Trust. These dynamic companies provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers' needs than larger institutions. Western Alliance Ban Corp. has a market cap of $275.3 million; its shares were traded at around $3.8 with and P/S ratio of 0.85.

WAL is in the portfolios of NWQ Managers of NWQ Investment Management Co.

Insiders' Positions with WAL


  • Buy:: Chairman, President and CEO Robert Gary Sarver bought 7,000 shares of WAL stock on 11/12/2009 at the average price of 3.49, the price of the stock has increased by 8.88% since

  • Buy:: Chairman, President and CEO Robert Gary Sarver bought 4,000 shares of WAL stock on 08/14/2009 at the average price of 7.29, the price of the stock has decreased by 47.87% since


Insiders' Positions with WAL


  • Buy:: Director Steven J Hilton bought 60,000 shares of WAL stock on 11/13/2009 at the average price of 3.86, the price of the stock has decreased by 1.55% since

  • Buy:: Director Cary Mack bought 25,000 shares of WAL stock on 11/12/2009 at the average price of 3.5, the price of the stock has increased by 8.57% since


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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