Western Alliance Bancorporation (NYSE:WAL) Shares Sold by Salzhauer Michael

Salzhauer Michael lessened its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 76.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,895 shares of the financial services provider’s stock after selling 58,297 shares during the period. Western Alliance Bancorporation makes up approximately 0.5% of Salzhauer Michael’s investment portfolio, making the stock its 27th largest position. Salzhauer Michael’s holdings in Western Alliance Bancorporation were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WAL. Fifth Third Bancorp increased its position in Western Alliance Bancorporation by 70.1% during the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Western Alliance Bancorporation by 13.4% during the fourth quarter. Versant Capital Management Inc now owns 1,325 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 157 shares during the last quarter. Pacer Advisors Inc. increased its position 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 purchasing an additional 163 shares in the last quarter. Blue Trust Inc. raised its stake in Western Alliance Bancorporation by 58.4% in the 3rd 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. Finally, UMB Bank n.a. lifted its holdings in Western Alliance Bancorporation by 136.8% in the 3rd 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 in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DA Davidson lowered their price target 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. StockNews.com upgraded Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a report on Saturday. Stephens restated an “overweight” rating and set a $103.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, January 28th. Truist Financial dropped their target price on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their price target on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Western Alliance Bancorporation presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Western Alliance Bancorporation Trading Down 0.8 %

Shares of WAL stock opened at $89.87 on Monday. 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 firm’s 50 day moving average price is $87.36 and its two-hundred day moving average price is $84.97. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results 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%. On average, analysts anticipate that Western Alliance Bancorporation will post 8.99 EPS for the current year.

Western Alliance Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 1.69%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 21.41%.

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.