Blair William & Co. IL Grows Holdings in Western Alliance Bancorporation (NYSE:WAL)

Blair William & Co. IL raised its position in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 331.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,264 shares of the financial services provider's stock after purchasing an additional 40,154 shares during the quarter. Blair William & Co. IL's holdings in Western Alliance Bancorporation were worth $4,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC grew its stake in shares of Western Alliance Bancorporation by 3.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,114 shares of the financial services provider's stock valued at $260,000 after acquiring an additional 114 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Western Alliance Bancorporation by 56.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock worth $27,000 after purchasing an additional 117 shares during the period. Fifth Third Bancorp boosted its position in shares of Western Alliance Bancorporation by 70.1% in the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock worth $28,000 after purchasing an additional 136 shares during the period. Versant Capital Management Inc increased its stake in shares of Western Alliance Bancorporation by 13.4% in the fourth quarter. Versant Capital Management Inc now owns 1,325 shares of the financial services provider's stock worth $111,000 after purchasing an additional 157 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Western Alliance Bancorporation by 1.0% during the 4th quarter. Pacer Advisors Inc. now owns 16,263 shares of the financial services provider's stock valued at $1,359,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 79.15% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have commented on WAL. DA Davidson decreased their price target 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 target price on the stock. Wells Fargo & Company dropped their price target on 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. StockNews.com upgraded shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Piper Sandler upped their target price on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Western Alliance Bancorporation currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.07.

Western Alliance Bancorporation Trading Down 13.0 %

Shares of NYSE WAL traded down $10.10 during trading hours on Thursday, hitting $67.54. 2,516,083 shares of the company traded hands, compared to its average volume of 1,176,448. The company's 50 day moving average price is $83.56 and its 200 day moving average price is $85.90. Western Alliance Bancorporation has a 12 month low of $53.75 and a 12 month high of $98.10. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. 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 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 research analysts anticipate that Western Alliance Bancorporation will post 9.05 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, February 14th. Western Alliance Bancorporation's payout ratio is currently 21.41%.

Western Alliance Bancorporation 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.