Western Alliance Bancorporation (NYSE:WAL) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its position in Western Alliance Bancorporation (NYSE:WAL) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,742 shares of the financial services provider’s stock after purchasing an additional 1,922 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Western Alliance Bancorporation were worth $7,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WAL. SBI Securities Co. Ltd. acquired a new stake in shares of Western Alliance Bancorporation during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 117 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Western Alliance Bancorporation by 70.1% during the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Allworth Financial LP lifted its position in shares of Western Alliance Bancorporation by 115.6% during the 4th quarter. Allworth Financial LP now owns 401 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 215 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Western Alliance Bancorporation by 167.5% during the 3rd quarter. Covestor Ltd now owns 634 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 397 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds.

Western Alliance Bancorporation Trading Down 1.5 %

NYSE WAL opened at $74.63 on Friday. Western Alliance Bancorporation has a 1-year low of $53.75 and a 1-year high of $98.10. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8.24 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The firm’s fifty day simple moving average is $85.67 and its 200-day simple moving average is $86.13.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Western Alliance Bancorporation will post 9.05 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 21.41%.

Wall Street Analyst Weigh In

WAL has been the subject of a number of recent research reports. StockNews.com upgraded Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Stephens reiterated an “overweight” rating and set a $103.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. Piper Sandler increased their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company cut 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 research note on Monday, January 6th. Finally, DA Davidson cut 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 research note on Wednesday, January 29th. Two 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 an average rating of “Moderate Buy” and a consensus price target of $98.07.

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.