Schroder Investment Management Group Buys 35,508 Shares of Western Alliance Bancorporation (NYSE:WAL)

Schroder Investment Management Group lifted its holdings in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 312,747 shares of the financial services provider's stock after acquiring an additional 35,508 shares during the quarter. Schroder Investment Management Group owned 0.28% of Western Alliance Bancorporation worth $26,136,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WAL. SBI Securities Co. Ltd. bought a new stake in Western Alliance Bancorporation in the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Western Alliance Bancorporation by 56.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 117 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of 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 acquiring an additional 136 shares during the last quarter. Allworth Financial LP boosted its holdings 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 valued at $37,000 after acquiring an additional 215 shares during the period. Finally, Atala Financial Inc bought a new position in Western Alliance Bancorporation during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 79.15% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com raised Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target 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. DA Davidson cut their price target on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of 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 increased their target price on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $98.07.

Western Alliance Bancorporation Stock Down 5.1 %

Shares of NYSE:WAL traded down $3.32 during trading on Friday, hitting $61.95. The stock had a trading volume of 3,244,034 shares, compared to its average volume of 1,190,226. 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 12 month low of $53.75 and a 12 month high of $98.10. The company has a market capitalization of $6.84 billion, a PE ratio of 8.73, a PEG ratio of 0.63 and a beta of 1.43. The firm's fifty day moving average is $83.04 and its 200 day moving average is $85.76.

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 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. Analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 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.