American Century Companies Inc. Raises Stake in Western Alliance Bancorporation (NYSE:WAL)

American Century Companies Inc. lifted its holdings in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 364,320 shares of the financial services provider's stock after acquiring an additional 4,057 shares during the quarter. American Century Companies Inc. owned approximately 0.33% of Western Alliance Bancorporation worth $30,435,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WAL. State Street Corp grew its position in Western Alliance Bancorporation by 46.2% during the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider's stock worth $388,197,000 after buying an additional 1,418,472 shares in the last quarter. FMR LLC boosted its position 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 worth $241,568,000 after buying an additional 1,347,921 shares during the period. Janus Henderson Group PLC grew its position in shares of 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 valued at $164,019,000 after buying an additional 74,956 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Western Alliance Bancorporation by 4.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,883,743 shares of the financial services provider's stock valued at $157,369,000 after buying an additional 81,238 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Western Alliance Bancorporation by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,880,681 shares of the financial services provider's stock worth $162,701,000 after buying an additional 120,729 shares during the period. 79.15% of the stock is owned by institutional investors.

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Western Alliance Bancorporation Trading Up 2.6 %

Shares of NYSE WAL traded up $2.00 during trading hours on Wednesday, reaching $77.71. The stock had a trading volume of 635,146 shares, compared to its average volume of 1,166,134. Western Alliance Bancorporation has a 52-week low of $53.75 and a 52-week high of $98.10. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.63 and a beta of 1.43. The business's fifty day moving average price is $83.56 and its two-hundred day moving average price is $85.90. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its quarterly earnings results 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%. Analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 21.41%.

Analyst Ratings Changes

WAL has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. 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 research note on Monday, February 3rd. StockNews.com upgraded Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Stephens restated an "overweight" rating and issued a $103.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. 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, Western Alliance Bancorporation has an average rating of "Moderate Buy" and an average price target of $98.07.

Western Alliance Bancorporation Company Profile

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.