Western Alliance Bancorporation $WAL Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Western Alliance Bancorporation (NYSE:WAL) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,657 shares of the financial services provider’s stock after selling 774 shares during the quarter. Yousif Capital Management LLC’s holdings in Western Alliance Bancorporation were worth $2,936,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. HWG Holdings LP acquired a new stake in shares of Western Alliance Bancorporation in the first quarter valued at about $25,000. Tsfg LLC acquired a new stake in shares of Western Alliance Bancorporation in the first quarter valued at about $33,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Western Alliance Bancorporation in the first quarter valued at about $58,000. National Bank of Canada FI grew its stake in shares of Western Alliance Bancorporation by 22.7% in the first quarter. National Bank of Canada FI now owns 763 shares of the financial services provider’s stock valued at $59,000 after buying an additional 141 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Western Alliance Bancorporation by 14.8% in the second quarter. Signaturefd LLC now owns 1,654 shares of the financial services provider’s stock valued at $129,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.

Insider Activity

In related news, insider Tim R. Bruckner sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $83.91, for a total value of $209,775.00. Following the sale, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.68% of the company’s stock.

Western Alliance Bancorporation Trading Down 11.0%

NYSE:WAL opened at $70.18 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $85.77 and its two-hundred day moving average is $78.44. Western Alliance Bancorporation has a 52 week low of $57.05 and a 52 week high of $98.10. The company has a market cap of $7.75 billion, a PE ratio of 9.22, a P/E/G ratio of 0.56 and a beta of 1.35.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.91 EPS for the quarter. Western Alliance Bancorporation had a return on equity of 12.62% and a net margin of 16.39%.The company had revenue of $718.00 million for the quarter. On average, analysts predict that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.2%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is 19.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Barclays reissued an “overweight” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. TD Cowen assumed coverage on Western Alliance Bancorporation in a report on Thursday, September 25th. They issued a “buy” rating and a $118.00 price target for the company. Wells Fargo & Company reissued an “underweight” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Finally, National Bankshares set a $118.00 price target on Western Alliance Bancorporation in a report on Wednesday, September 24th. Thirteen 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 has an average rating of “Moderate Buy” and a consensus target price of $103.14.

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.