Rothschild & Co. Asset Management US Inc. Purchases 13,927 Shares of Western Alliance Bancorporation (WAL)

Rothschild & Co. Asset Management US Inc. raised its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 336,966 shares of the financial services provider’s stock after purchasing an additional 13,927 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Western Alliance Bancorporation were worth $13,829,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Capital Group LLC grew its stake in shares of Western Alliance Bancorporation by 69.6% during the 1st quarter. Private Capital Group LLC now owns 1,611 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 661 shares during the period. Toronto Dominion Bank boosted its stake in Western Alliance Bancorporation by 94,800.0% in the 4th quarter. Toronto Dominion Bank now owns 1,898 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,896 shares during the period. First Quadrant L P CA bought a new position in Western Alliance Bancorporation in the 1st quarter worth approximately $184,000. Comerica Bank boosted its stake in Western Alliance Bancorporation by 7.3% in the 1st quarter. Comerica Bank now owns 5,902 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 403 shares during the period. Finally, First Interstate Bank boosted its stake in Western Alliance Bancorporation by 5.0% in the 4th quarter. First Interstate Bank now owns 5,925 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 84.14% of the company’s stock.

In other news, EVP Randall S. Theisen sold 6,358 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.17, for a total transaction of $293,548.86. Following the sale, the executive vice president now directly owns 39,869 shares of the company’s stock, valued at approximately $1,840,751.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Reoch Mcauslan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $44.97, for a total value of $89,940.00. Following the sale, the executive vice president now directly owns 15,611 shares in the company, valued at $702,026.67. The disclosure for this sale can be found here. Insiders have sold a total of 74,709 shares of company stock worth $3,482,744 over the last ninety days. Insiders own 7.72% of the company’s stock.

Several research analysts have weighed in on WAL shares. Zacks Investment Research upgraded Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, March 6th. ValuEngine upgraded Western Alliance Bancorporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Co upped their price target on Western Alliance Bancorporation from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Western Alliance Bancorporation presently has a consensus rating of “Buy” and an average price target of $59.88.

Shares of WAL opened at $43.99 on Friday. The company has a market cap of $4.60 billion, a PE ratio of 10.63, a PEG ratio of 0.84 and a beta of 1.57. Western Alliance Bancorporation has a 1 year low of $37.39 and a 1 year high of $64.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 0.93.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Monday, April 22nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The business had revenue of $259.90 million for the quarter, compared to analysts’ expectations of $266.48 million. Western Alliance Bancorporation had a return on equity of 17.84% and a net margin of 40.08%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, equities analysts forecast that Western Alliance Bancorporation will post 4.74 EPS for the current fiscal year.

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Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts.

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Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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