Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Western Alliance Bancorporation $WAL

Vanguard Personalized Indexing Management LLC increased its stake in Western Alliance Bancorporation (NYSE:WAL) by 24.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,400 shares of the financial services provider’s stock after buying an additional 2,834 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Western Alliance Bancorporation were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in Western Alliance Bancorporation during the first quarter valued at $45,486,000. FJ Capital Management LLC increased its holdings in shares of Western Alliance Bancorporation by 824.8% during the first quarter. FJ Capital Management LLC now owns 442,507 shares of the financial services provider’s stock valued at $33,998,000 after acquiring an additional 394,660 shares in the last quarter. Invesco Ltd. raised its position in shares of Western Alliance Bancorporation by 5.9% in the 1st quarter. Invesco Ltd. now owns 6,076,021 shares of the financial services provider’s stock worth $466,821,000 after purchasing an additional 339,758 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Western Alliance Bancorporation in the 2nd quarter worth about $20,390,000. Finally, Voya Investment Management LLC boosted its stake in Western Alliance Bancorporation by 23.4% in the 1st quarter. Voya Investment Management LLC now owns 676,575 shares of the financial services provider’s stock worth $51,981,000 after purchasing an additional 128,362 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Performance

WAL stock opened at $72.63 on Friday. The company has a market cap of $8.02 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.35. Western Alliance Bancorporation has a 1 year low of $57.05 and a 1 year high of $98.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.82. The stock’s fifty day moving average price is $85.64 and its 200-day moving average price is $78.42.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings data 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 during the quarter. On average, equities analysts forecast that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

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

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 shares were sold at an average price of $83.91, for a total value of $209,775.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Western Alliance Bancorporation from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Barclays reiterated an “overweight” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Industrial Alliance Securities set a $112.00 price objective on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. TD Cowen initiated coverage on Western Alliance Bancorporation in a research report on Thursday, September 25th. They issued a “buy” rating and a $118.00 price objective on the stock. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.14.

Western Alliance Bancorporation Company 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.