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13,866 Shares in Western Alliance Bancorporation (NYSE:WAL) Bought by Silver Oak Securities Incorporated

Western Alliance Bancorporation logo with Finance background

Silver Oak Securities Incorporated bought a new stake in Western Alliance Bancorporation (NYSE:WAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,866 shares of the financial services provider's stock, valued at approximately $1,159,000.

Several other large investors have also recently bought and sold shares of WAL. Fifth Third Bancorp raised its position in Western Alliance Bancorporation by 70.1% in the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 136 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Western Alliance Bancorporation in the third quarter valued at about $31,000. ORG Wealth Partners LLC bought a new position in Western Alliance Bancorporation in the third quarter valued at about $33,000. UMB Bank n.a. raised its position in Western Alliance Bancorporation by 136.8% in the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 249 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 187 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WAL has been the subject of a number of analyst reports. Stephens restated an "overweight" rating and set a $103.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Piper Sandler raised their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Barclays raised their price objective on Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on Western Alliance Bancorporation in a research report on Tuesday, December 17th. They set a "buy" rating and a $115.00 price objective for the company. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $98.07.

View Our Latest Stock Analysis on Western Alliance Bancorporation

Western Alliance Bancorporation Stock Down 1.9 %

Western Alliance Bancorporation stock traded down $1.67 during mid-day trading on Monday, reaching $88.22. The stock had a trading volume of 246,542 shares, compared to its average volume of 1,219,393. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. Western Alliance Bancorporation has a fifty-two week low of $53.75 and a fifty-two week high of $98.10. The stock's 50-day simple moving average is $87.36 and its 200-day simple moving average is $85.03. The firm has a market capitalization of $9.71 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46.

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 analysts' consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. On average, sell-side analysts forecast that Western Alliance Bancorporation will post 8.99 EPS for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.72%. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 21.41%.

Western Alliance Bancorporation Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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