Boston Partners Cuts Holdings in Western Alliance Bancorporation (NYSE:WAL)

Boston Partners lessened its stake in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 69.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,815 shares of the financial services provider's stock after selling 530,772 shares during the period. Boston Partners owned 0.21% of Western Alliance Bancorporation worth $19,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WAL. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Western Alliance Bancorporation by 3.8% in 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 buying an additional 114 shares during the period. Smartleaf Asset Management LLC lifted its holdings in 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 valued at $27,000 after acquiring an additional 117 shares during the period. Fifth Third Bancorp boosted its position in shares of Western Alliance Bancorporation by 70.1% during the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock worth $28,000 after purchasing an additional 136 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Western Alliance Bancorporation by 13.4% during the 4th 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 during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Western Alliance Bancorporation by 1.0% in 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 in the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.

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Western Alliance Bancorporation Trading Up 0.1 %

Shares of Western Alliance Bancorporation stock traded up $0.08 during trading hours on Tuesday, reaching $80.59. 776,563 shares of the company's stock were exchanged, compared to its average volume of 1,153,931. Western Alliance Bancorporation has a 52-week low of $53.75 and a 52-week high of $98.10. The company has a fifty day moving average of $85.10 and a 200-day moving average of $86.05. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. Sell-side analysts forecast that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. Western Alliance Bancorporation's payout ratio is 21.41%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WAL shares. UBS Group began coverage on Western Alliance Bancorporation in a research note on Tuesday, December 17th. They issued a "buy" rating and a $115.00 price objective for the company. 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 report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. DA Davidson dropped their target price on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.07.

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.