Barrow Hanley Mewhinney & Strauss LLC Has $518.58 Million Holdings in Western Alliance Bancorporation $WAL

Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 36.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,979,916 shares of the financial services provider’s stock after buying an additional 1,599,537 shares during the quarter. Western Alliance Bancorporation accounts for about 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 21st biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 5.43% of Western Alliance Bancorporation worth $518,578,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WAL. NewEdge Advisors LLC increased its stake in Western Alliance Bancorporation by 71.2% in the 1st quarter. NewEdge Advisors LLC now owns 7,815 shares of the financial services provider’s stock valued at $600,000 after buying an additional 3,249 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Western Alliance Bancorporation by 513.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,730 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,448 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Western Alliance Bancorporation by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 111,883 shares of the financial services provider’s stock valued at $8,596,000 after acquiring an additional 21,642 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Western Alliance Bancorporation by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 347,529 shares of the financial services provider’s stock valued at $26,701,000 after acquiring an additional 35,276 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Western Alliance Bancorporation by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 47,009 shares of the financial services provider’s stock worth $3,666,000 after acquiring an additional 455 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

Key Headlines Impacting Western Alliance Bancorporation

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Wells Fargo upgraded WAL from “underweight” to “equal weight,” which reduces short-term selling pressure compared with a downgrade; the firm set a $79 target (lower than before). Wells Fargo upgrade article
• Neutral Sentiment: Citigroup trimmed its price target from $107 to $103 but kept a “buy” rating, signaling continued fundamental confidence despite reduced upside. Citigroup price target cut
• Neutral Sentiment: DA Davidson lowered its target from $105 to $93 and maintained a “buy” rating — another sign analysts still see upside but are revising expectations downward. DA Davidson price target cut
• Negative Sentiment: TD Cowen downgraded WAL from “buy” to “hold” and set an $83 target, removing a prior bullish endorsement and likely contributing to selling. TD Cowen downgrade article
• Negative Sentiment: Jefferies published a public letter disputing Western Alliance’s statements and outlining facts about loans to First Brands, escalating a legal/credit dispute that increases uncertainty around asset quality and reputational risk. This release is probably the largest single negative catalyst for investor concern today. Jefferies disclosure

Wall Street Analyst Weigh In

WAL has been the subject of several recent analyst reports. Citigroup cut their price objective on Western Alliance Bancorporation from $107.00 to $103.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group reaffirmed an “overweight” rating and set a $105.00 price target on shares of Western Alliance Bancorporation in a research report on Friday. Barclays reiterated an “overweight” rating on shares of Western Alliance Bancorporation in a research note on Monday, February 2nd. iA Financial set a $101.00 price objective on shares of Western Alliance Bancorporation in a research note on Wednesday, January 28th. Finally, UBS Group set a $93.00 target price on shares of Western Alliance Bancorporation and gave the company a “buy” rating in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.40.

Western Alliance Bancorporation Stock Performance

WAL opened at $72.18 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 0.85. Western Alliance Bancorporation has a 52-week low of $57.05 and a 52-week high of $97.23. The firm has a market cap of $7.93 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.63 and a beta of 1.34. The business’s fifty day moving average is $88.10 and its 200-day moving average is $85.13.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.19. Western Alliance Bancorporation had a net margin of 18.04% and a return on equity of 13.33%. The company had revenue of $890.80 million during the quarter, compared to the consensus estimate of $912.69 million. During the same quarter in the prior year, the firm posted $1.95 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, February 20th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is 19.24%.

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.