Price T Rowe Associates Inc. MD Grows Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

Price T Rowe Associates Inc. MD lifted its stake in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,968,526 shares of the financial services provider's stock after buying an additional 154,575 shares during the quarter. Price T Rowe Associates Inc. MD owned about 5.42% of Western Alliance Bancorporation worth $498,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC raised its position 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 worth $260,000 after acquiring an additional 114 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Western Alliance Bancorporation by 56.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock valued at $27,000 after buying an additional 117 shares during the period. Fifth Third Bancorp boosted its holdings 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 valued at $28,000 after buying an additional 136 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Western Alliance Bancorporation by 13.4% in the 4th quarter. Versant Capital Management Inc now owns 1,325 shares of the financial services provider's stock worth $111,000 after buying an additional 157 shares during the period. Finally, Pacer Advisors Inc. increased its stake 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 worth $1,359,000 after acquiring an additional 163 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Western Alliance Bancorporation Price Performance

WAL traded up $0.53 on Tuesday, hitting $70.93. 375,150 shares of the company's stock traded hands, compared to its average volume of 1,214,561. The company's 50 day simple moving average is $74.09 and its 200-day simple moving average is $83.18. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a one year low of $56.70 and a one year high of $98.10. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.63 and a beta of 1.29.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. The firm had revenue of $790.10 million for the quarter, compared to analysts' expectations of $792.25 million. During the same quarter last year, the business posted $1.72 earnings per share. As a group, research analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 20.85%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens restated an "overweight" rating and issued a $92.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, April 22nd. DA Davidson cut their price objective on Western Alliance Bancorporation from $106.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada decreased their price target on shares of Western Alliance Bancorporation from $105.00 to $85.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays cut their price objective on shares of Western Alliance Bancorporation from $107.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on Western Alliance Bancorporation from $95.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $96.62.

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.