Western Alliance Bancorporation (NYSE:WAL) Stock Holdings Lifted by Capital Fund Management S.A.

Capital Fund Management S.A. raised its holdings in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 139.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,846 shares of the financial services provider's stock after purchasing an additional 51,085 shares during the period. Capital Fund Management S.A. owned about 0.08% of Western Alliance Bancorporation worth $7,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WAL. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Western Alliance Bancorporation by 196.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 920 shares of the financial services provider's stock worth $80,000 after purchasing an additional 610 shares during the last quarter. Barclays PLC increased its position in Western Alliance Bancorporation by 2.9% in the third quarter. Barclays PLC now owns 123,412 shares of the financial services provider's stock worth $10,674,000 after buying an additional 3,421 shares during the period. M&T Bank Corp lifted its stake in Western Alliance Bancorporation by 8.9% in the third quarter. M&T Bank Corp now owns 5,626 shares of the financial services provider's stock valued at $487,000 after buying an additional 460 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Western Alliance Bancorporation by 6.9% during 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 acquiring an additional 120,729 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Western Alliance Bancorporation by 42.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 40,561 shares of the financial services provider's stock worth $3,508,000 after acquiring an additional 11,991 shares during the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Trading Up 1.4 %

Shares of NYSE:WAL traded up $0.90 during midday trading on Friday, reaching $66.14. The company had a trading volume of 986,122 shares, compared to its average volume of 1,218,813. The company has a fifty day simple moving average of $77.06 and a two-hundred day simple moving average of $84.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10.

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, topping 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%. Research analysts predict that Western Alliance Bancorporation will post 9.05 earnings per share 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 given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio (DPR) is 21.41%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. DA Davidson reduced 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 research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Stephens restated an "overweight" rating and issued a $103.00 target price on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. Barclays cut their target price on Western Alliance Bancorporation from $107.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Piper Sandler raised their price target on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an "overweight" rating in a 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's stock. According to MarketBeat, Western Alliance Bancorporation has an average rating of "Moderate Buy" and an average price target of $96.40.

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.