Vaughan Nelson Investment Management L.P. Buys 81,238 Shares of Western Alliance Bancorporation (NYSE:WAL)

Vaughan Nelson Investment Management L.P. raised its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,743 shares of the financial services provider's stock after purchasing an additional 81,238 shares during the quarter. Western Alliance Bancorporation makes up approximately 1.5% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 17th biggest position. Vaughan Nelson Investment Management L.P. owned about 1.71% of Western Alliance Bancorporation worth $157,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WAL. State Street Corp increased its holdings in Western Alliance Bancorporation by 46.2% in the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider's stock worth $388,197,000 after buying an additional 1,418,472 shares during the last quarter. FMR LLC grew its position in Western Alliance Bancorporation by 93.3% in the third quarter. FMR LLC now owns 2,793,014 shares of the financial services provider's stock worth $241,568,000 after acquiring an additional 1,347,921 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Western Alliance Bancorporation by 4.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,896,377 shares of the financial services provider's stock worth $164,019,000 after purchasing an additional 74,956 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Western Alliance Bancorporation by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,880,681 shares of the financial services provider's stock valued at $162,701,000 after purchasing an additional 120,729 shares in the last quarter. Finally, Smead Capital Management Inc. lifted its stake in shares of Western Alliance Bancorporation by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 1,350,195 shares of the financial services provider's stock valued at $116,778,000 after purchasing an additional 45,543 shares during the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Stock Performance

Western Alliance Bancorporation stock traded down $3.53 during trading hours on Wednesday, hitting $86.06. The stock had a trading volume of 944,681 shares, compared to its average volume of 1,203,621. The company has a 50-day moving average of $87.18 and a two-hundred day moving average of $85.14. 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 fifty-two week low of $53.75 and a fifty-two week high of $98.10. The company has a market cap of $9.47 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last issued its earnings results 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, equities research analysts anticipate that Western Alliance Bancorporation will post 8.99 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, February 14th. Western Alliance Bancorporation's dividend payout ratio is 21.41%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their target price on Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Friday, November 8th. StockNews.com raised Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company decreased their target price on 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. JPMorgan Chase & Co. dropped their price target on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, DA Davidson decreased their price objective on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Western Alliance Bancorporation presently has an average rating of "Moderate Buy" and a consensus target price of $98.07.

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.