Western Alliance Bancorporation (NYSE:WAL) Shares Sold by Riverwater Partners LLC

Riverwater Partners LLC lowered its stake in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,329 shares of the financial services provider's stock after selling 6,862 shares during the period. Western Alliance Bancorporation accounts for 0.9% of Riverwater Partners LLC's investment portfolio, making the stock its 28th largest position. Riverwater Partners LLC's holdings in Western Alliance Bancorporation were worth $1,854,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in WAL. Signaturefd LLC boosted its position in shares of Western Alliance Bancorporation by 18.7% during the 3rd quarter. Signaturefd LLC now owns 1,598 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 252 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Western Alliance Bancorporation during the third quarter worth about $249,000. Toth Financial Advisory Corp boosted its holdings in Western Alliance Bancorporation by 2,117.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 10,734 shares of the financial services provider's stock valued at $928,000 after purchasing an additional 10,250 shares during the last quarter. Buckley Wealth Management LLC purchased a new stake in shares of Western Alliance Bancorporation in the 3rd quarter valued at approximately $272,000. Finally, TriaGen Wealth Management LLC purchased a new stake in shares of Western Alliance Bancorporation in the 3rd quarter valued at approximately $418,000. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Western Alliance Bancorporation

In other news, insider Stephen Russell Curley sold 5,070 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.43, for a total transaction of $387,500.10. Following the completion of the transaction, the insider now directly owns 36,718 shares of the company's stock, valued at approximately $2,806,356.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Stephen Russell Curley sold 5,070 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.43, for a total value of $387,500.10. Following the sale, the insider now directly owns 36,718 shares in the company, valued at approximately $2,806,356.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert P. Latta sold 2,996 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $82.75, for a total transaction of $247,919.00. Following the transaction, the director now owns 4,056 shares of the company's stock, valued at approximately $335,634. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,149 shares of company stock valued at $1,539,681 in the last quarter. Corporate insiders own 2.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WAL shares. StockNews.com cut Western Alliance Bancorporation from a "hold" rating to a "sell" rating in a report on Tuesday, August 13th. Truist Financial lowered their price target on Western Alliance Bancorporation from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday. Stephens restated an "overweight" rating and issued a $102.00 price objective on shares of Western Alliance Bancorporation in a report on Friday, October 18th. Jefferies Financial Group increased their target price on shares of Western Alliance Bancorporation from $70.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. Finally, Bank of America boosted their price target on shares of Western Alliance Bancorporation from $82.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Western Alliance Bancorporation presently has an average rating of "Moderate Buy" and a consensus target price of $92.60.

Western Alliance Bancorporation Stock Up 1.9 %

Shares of NYSE:WAL traded up $1.53 during trading on Thursday, hitting $83.88. The company's stock had a trading volume of 1,162,731 shares, compared to its average volume of 1,324,570. The company has a market capitalization of $9.23 billion, a PE ratio of 12.94, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.88. Western Alliance Bancorporation has a fifty-two week low of $38.81 and a fifty-two week high of $94.28. The business has a 50 day moving average price of $83.04 and a two-hundred day moving average price of $71.03.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.76%. Western Alliance Bancorporation's dividend payout ratio (DPR) is 22.84%.

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.