LHM Inc. Has $8.25 Million Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

LHM Inc. lifted its stake in shares of Western Alliance Bancorporation (NYSE:WAL - Free Report) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,783 shares of the financial services provider's stock after purchasing an additional 17,436 shares during the quarter. Western Alliance Bancorporation accounts for about 2.6% of LHM Inc.'s portfolio, making the stock its 11th largest position. LHM Inc. owned about 0.09% of Western Alliance Bancorporation worth $8,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Western Alliance Bancorporation by 56.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Fifth Third Bancorp grew its holdings in Western Alliance Bancorporation by 70.1% during the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock worth $28,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc grew its holdings in Western Alliance Bancorporation by 13.4% during the 4th quarter. Versant Capital Management Inc now owns 1,325 shares of the financial services provider's stock worth $111,000 after acquiring an additional 157 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Western Alliance Bancorporation by 1.0% during 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 during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Western Alliance Bancorporation by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,387 shares of the financial services provider's stock worth $283,000 after acquiring an additional 167 shares during the last quarter. 79.15% of the stock is owned by institutional investors.

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Western Alliance Bancorporation Stock Down 1.5 %

Shares of Western Alliance Bancorporation stock traded down $1.16 during trading on Friday, reaching $77.36. 1,647,061 shares of the company traded hands, compared to its average volume of 1,213,101. 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 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 $86.40 and a 200-day moving average price of $86.38. The firm has a market capitalization of $8.54 billion, a PE ratio of 10.90, a P/E/G ratio of 0.63 and a beta of 1.43.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm 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. 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 21.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson reduced their target price 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. StockNews.com raised shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on shares of Western Alliance Bancorporation from $102.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Piper Sandler boosted 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. Finally, Stephens reaffirmed an "overweight" rating and issued a $103.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. Two investment 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, Western Alliance Bancorporation has a consensus rating of "Moderate Buy" and a consensus target price of $98.07.

About Western Alliance Bancorporation

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.