U.S. Capital Wealth Advisors LLC Makes New $2.84 Million Investment in Western Alliance Bancorporation (NYSE:WAL)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,952 shares of the financial services provider's stock, valued at approximately $2,836,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Western Alliance Bancorporation by 46.2% in the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider's stock valued at $388,197,000 after purchasing an additional 1,418,472 shares in the last quarter. FMR LLC lifted its stake in Western Alliance Bancorporation by 93.3% during the 3rd quarter. FMR LLC now owns 2,793,014 shares of the financial services provider's stock valued at $241,568,000 after acquiring an additional 1,347,921 shares during the period. Janus Henderson Group PLC increased its holdings in Western Alliance Bancorporation by 4.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,896,377 shares of the financial services provider's stock worth $164,019,000 after acquiring an additional 74,956 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Western Alliance Bancorporation by 6.9% in the third quarter. Geode Capital Management LLC now owns 1,880,681 shares of the financial services provider's stock valued at $162,701,000 after purchasing an additional 120,729 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Western Alliance Bancorporation by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,802,505 shares of the financial services provider's stock worth $155,899,000 after purchasing an additional 169,244 shares during the period. 79.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler raised their target price on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Monday. StockNews.com upgraded Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. DA Davidson dropped their price objective on Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Stephens reissued an "overweight" rating and set a $103.00 price target on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. Finally, Barclays boosted their price target on shares of Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $98.07.

Western Alliance Bancorporation Stock Up 2.1 %

WAL stock traded up $1.84 during midday trading on Thursday, hitting $90.61. The company's stock had a trading volume of 787,470 shares, compared to its average volume of 1,280,043. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. The company's fifty day moving average price is $87.49 and its 200 day moving average price is $84.80. Western Alliance Bancorporation has a twelve month low of $53.75 and a twelve month high of $98.10. The stock has a market capitalization of $9.97 billion, a P/E ratio of 12.76, a PEG ratio of 0.61 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. As a group, equities research analysts predict that Western Alliance Bancorporation will post 9.11 EPS for the current year.

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.