Compound Global Advisors LLC Purchases Shares of 13,357 Western Alliance Bancorporation (NYSE:WAL)

Compound Global Advisors LLC purchased a new stake in Western Alliance Bancorporation (NYSE:WAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,357 shares of the financial services provider's stock, valued at approximately $1,116,000. Western Alliance Bancorporation accounts for approximately 4.5% of Compound Global Advisors LLC's holdings, making the stock its 7th largest holding.

Several other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp boosted its stake 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 valued at $28,000 after buying an additional 136 shares during the period. Versant Capital Management Inc boosted 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 valued at $111,000 after buying an additional 157 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Western Alliance Bancorporation by 1.0% in the fourth quarter. Pacer Advisors Inc. now owns 16,263 shares of the financial services provider's stock valued at $1,359,000 after buying an additional 163 shares during the period. Blue Trust Inc. boosted its stake in shares of Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider's stock valued at $44,000 after buying an additional 187 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Western Alliance Bancorporation by 136.8% in the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider's stock valued at $37,000 after buying an additional 249 shares during the period. 79.15% of the stock is currently owned by institutional investors.

Western Alliance Bancorporation Price Performance

Shares of NYSE:WAL traded up $1.29 during trading on Friday, hitting $88.64. 651,891 shares of the company were exchanged, compared to its average volume of 1,168,441. The business's 50 day moving average is $86.96 and its 200-day moving average is $85.16. The company has a market capitalization of $9.76 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. 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 1-year low of $53.75 and a 1-year high of $98.10.

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, topping 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%. Equities analysts forecast that Western Alliance Bancorporation will post 8.99 earnings per share for the current year.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.71%. Western Alliance Bancorporation's dividend payout ratio is 21.41%.

Wall Street Analysts Forecast Growth

WAL has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Truist Financial lowered their price objective on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. DA Davidson lowered their price objective on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.07.

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.