2,940 Shares in Western Alliance Bancorporation $WAL Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC purchased a new position in Western Alliance Bancorporation (NYSE:WAL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,940 shares of the financial services provider’s stock, valued at approximately $229,000.

Other institutional investors also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in Western Alliance Bancorporation in the first quarter worth $25,000. Tsfg LLC bought a new stake in Western Alliance Bancorporation in the first quarter worth $33,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Western Alliance Bancorporation in the first quarter worth $58,000. National Bank of Canada FI lifted its position in 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 worth $59,000 after buying an additional 141 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Western Alliance Bancorporation by 14.8% in the second quarter. Signaturefd LLC now owns 1,654 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 213 shares during the period. 79.15% of the stock is currently owned by institutional investors.

Insider Activity at Western Alliance Bancorporation

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

Western Alliance Bancorporation Stock Performance

Shares of WAL stock opened at $72.63 on Friday. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.52 and a beta of 1.35. Western Alliance Bancorporation has a 52-week low of $57.05 and a 52-week high of $98.10. 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 company’s 50 day moving average is $85.64 and its 200 day moving average is $78.42.

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share 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 during the quarter. On average, sell-side analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were issued a $0.38 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.1%. Western Alliance Bancorporation’s payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Western Alliance Bancorporation in a research note on Tuesday, August 26th. Wells Fargo & Company reiterated an “underweight” rating on shares of Western Alliance Bancorporation in a research note on Wednesday, October 8th. TD Cowen assumed coverage on Western Alliance Bancorporation in a research note on Thursday, September 25th. They issued a “buy” rating and a $118.00 target price on the stock. Royal Bank Of Canada increased their target price on Western Alliance Bancorporation from $93.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Western Alliance Bancorporation in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Western Alliance Bancorporation presently has a consensus rating of “Moderate Buy” and an average price target 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.