Royce & Associates LP Has $13.63 Million Stake in Western Alliance Bancorporation (NYSE:WAL)

Royce & Associates LP trimmed its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 37.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 163,123 shares of the financial services provider's stock after selling 95,653 shares during the period. Royce & Associates LP owned 0.15% of Western Alliance Bancorporation worth $13,627,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of WAL. SBI Securities Co. Ltd. bought a new position in Western Alliance Bancorporation in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in shares of Western Alliance Bancorporation by 56.0% in 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 raised its holdings in Western Alliance Bancorporation by 70.1% in 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 during the last quarter. Allworth Financial LP boosted its position in Western Alliance Bancorporation by 115.6% during the 4th quarter. Allworth Financial LP now owns 401 shares of the financial services provider's stock worth $37,000 after buying an additional 215 shares during the period. Finally, Atala Financial Inc acquired a new stake in Western Alliance Bancorporation during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 79.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group started coverage on shares of Western Alliance Bancorporation in a research note on Tuesday, December 17th. They set a "buy" rating and a $115.00 price target for the company. Stephens reaffirmed an "overweight" rating and set a $103.00 target price on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. StockNews.com raised Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler lifted their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $98.07.

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Western Alliance Bancorporation Stock Up 1.0 %

Shares of Western Alliance Bancorporation stock traded up $0.78 during trading on Friday, reaching $77.39. 2,010,981 shares of the company traded hands, compared to its average volume of 1,157,714. The firm has a market capitalization of $8.55 billion, a PE ratio of 10.90, a P/E/G ratio of 0.63 and a beta of 1.43. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10. The company has a 50 day moving average price of $85.11 and a 200-day moving average price of $85.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Western Alliance Bancorporation will post 9.05 earnings per share for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.96%. Western Alliance Bancorporation's payout ratio is currently 21.41%.

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.