Western Alliance Bancorporation (NYSE:WAL) Stock Position Lowered by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,474 shares of the financial services provider's stock after selling 5,281 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Western Alliance Bancorporation were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAL. State Street Corp grew its holdings in Western Alliance Bancorporation by 46.2% during the 3rd quarter. State Street Corp now owns 4,488,345 shares of the financial services provider's stock worth $388,197,000 after acquiring an additional 1,418,472 shares in the last quarter. FMR LLC lifted its position in shares of Western Alliance Bancorporation by 93.3% during the third quarter. FMR LLC now owns 2,793,014 shares of the financial services provider's stock worth $241,568,000 after purchasing an additional 1,347,921 shares during the last quarter. Janus Henderson Group PLC grew its stake in Western Alliance Bancorporation by 4.1% in the third quarter. Janus Henderson Group PLC now owns 1,896,377 shares of the financial services provider's stock worth $164,019,000 after purchasing an additional 74,956 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake 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 worth $157,369,000 after purchasing an additional 81,238 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 120,729 shares during the last quarter. Institutional investors own 79.15% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on WAL shares. DA Davidson reduced their target price on Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. UBS Group started coverage on Western Alliance Bancorporation in a research note on Tuesday, December 17th. They set a "buy" rating and a $115.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler lifted their price target on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Western Alliance Bancorporation presently has a consensus rating of "Moderate Buy" and an average target price of $98.07.

Western Alliance Bancorporation Stock Performance

Western Alliance Bancorporation stock traded down $12.26 during mid-day trading on Thursday, hitting $65.39. 4,331,149 shares of the company's stock traded hands, compared to its average volume of 1,178,694. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a one year low of $53.75 and a one year high of $98.10. The firm has a 50 day moving average price of $83.56 and a 200 day moving average price of $85.90. The company has a market cap of $7.22 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. On average, equities analysts forecast that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio is currently 21.41%.

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.