Toth Financial Advisory Corp Buys 10,250 Shares of Western Alliance Bancorporation (NYSE:WAL)

Toth Financial Advisory Corp lifted its holdings in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 2,117.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,734 shares of the financial services provider's stock after purchasing an additional 10,250 shares during the quarter. Toth Financial Advisory Corp's holdings in Western Alliance Bancorporation were worth $928,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Western Alliance Bancorporation during the 1st quarter worth about $27,000. V Square Quantitative Management LLC bought a new stake in shares of Western Alliance Bancorporation in the third quarter valued at approximately $31,000. GAMMA Investing LLC grew its stake in shares of Western Alliance Bancorporation by 57.4% in the first quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider's stock worth $32,000 after acquiring an additional 183 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Western Alliance Bancorporation during the third quarter worth $33,000. Finally, ORG Partners LLC acquired a new position in Western Alliance Bancorporation during the 2nd quarter valued at $36,000. 79.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Western Alliance Bancorporation

In other Western Alliance Bancorporation news, insider Stephen Russell Curley sold 5,070 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.43, for a total value of $387,500.10. Following the completion of the sale, the insider now directly owns 36,718 shares in the company, valued at $2,806,356.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Western Alliance Bancorporation news, insider Barbara Kennedy sold 11,083 shares of Western Alliance Bancorporation stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $81.59, for a total value of $904,261.97. Following the sale, the insider now owns 7,977 shares of the company's stock, valued at $650,843.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Russell Curley sold 5,070 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.43, for a total value of $387,500.10. Following the transaction, the insider now directly owns 36,718 shares of the company's stock, valued at $2,806,356.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,149 shares of company stock valued at $1,539,681. Corporate insiders own 2.75% of the company's stock.

Western Alliance Bancorporation Trading Up 2.4 %

Shares of NYSE WAL traded up $1.93 during mid-day trading on Tuesday, hitting $82.44. The company's stock had a trading volume of 2,115,608 shares, compared to its average volume of 1,324,832. Western Alliance Bancorporation has a one year low of $38.81 and a one year high of $94.28. The company's fifty day simple moving average is $82.89 and its 200-day simple moving average is $70.95. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.88 and a quick ratio of 0.85. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.44.

Western Alliance Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, August 16th. Western Alliance Bancorporation's payout ratio is 22.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WAL shares. JPMorgan Chase & Co. cut their price objective on shares of Western Alliance Bancorporation from $107.00 to $105.00 and set an "overweight" rating for the company in a research report on Monday. Royal Bank of Canada set a $99.00 price target on Western Alliance Bancorporation and gave the company an "outperform" rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised Western Alliance Bancorporation from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $83.00 to $101.00 in a report on Monday, October 7th. Stephens reiterated an "overweight" rating and set a $102.00 price target on shares of Western Alliance Bancorporation in a research note on Friday. Finally, Jefferies Financial Group increased their price objective on shares of Western Alliance Bancorporation from $70.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $92.60.

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.