Western Alliance Bancorporation $WAL Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,654 shares of the financial services provider’s stock after buying an additional 213 shares during the quarter. Signaturefd LLC’s holdings in Western Alliance Bancorporation were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Western Alliance Bancorporation by 53.3% during the first quarter. GAMMA Investing LLC now owns 2,181 shares of the financial services provider’s stock worth $168,000 after buying an additional 758 shares during the period. New York State Teachers Retirement System grew its position in shares of Western Alliance Bancorporation by 24.9% in the first quarter. New York State Teachers Retirement System now owns 25,387 shares of the financial services provider’s stock valued at $1,950,000 after purchasing an additional 5,056 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Western Alliance Bancorporation by 22.6% in the first quarter. Janney Montgomery Scott LLC now owns 4,380 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 808 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Western Alliance Bancorporation by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,262 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 175 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Western Alliance Bancorporation by 16.8% in the first quarter. Russell Investments Group Ltd. now owns 34,078 shares of the financial services provider’s stock valued at $2,618,000 after purchasing an additional 4,895 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WAL has been the topic of several research reports. Barclays increased their price target on shares of Western Alliance Bancorporation from $97.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. DA Davidson increased their price target on shares of Western Alliance Bancorporation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, July 21st. National Bankshares set a $118.00 price target on shares of Western Alliance Bancorporation in a research report on Wednesday, September 24th. Wells Fargo & Company lowered shares of Western Alliance Bancorporation from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $85.00 to $90.00 in a research report on Monday. Finally, Truist Financial decreased their target price on shares of Western Alliance Bancorporation from $96.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Fourteen research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Western Alliance Bancorporation currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.53.

Insiders Place Their Bets

In related news, insider Tim R. Bruckner sold 2,500 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $83.91, for a total transaction of $209,775.00. Following the completion of the sale, the insider directly owned 24,759 shares of the company’s stock, valued at approximately $2,077,527.69. This trade represents a 9.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.68% of the company’s stock.

Western Alliance Bancorporation Stock Performance

Shares of WAL stock opened at $86.69 on Friday. The company’s fifty day simple moving average is $85.49 and its 200-day simple moving average is $78.32. Western Alliance Bancorporation has a 52 week low of $57.05 and a 52 week high of $98.10. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. The company has a market cap of $9.57 billion, a PE ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.35.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.03. The business had revenue of $836.21 million for the quarter, compared to the consensus estimate of $838.58 million. Western Alliance Bancorporation had a net margin of 16.39% and a return on equity of 12.62%. During the same quarter last year, the firm posted $1.75 EPS. As a group, equities research analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 14th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 19.97%.

Western Alliance Bancorporation 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.