Janus Henderson Group PLC trimmed its stake in shares of Western Alliance Bancorporation (NYSE:WAL – Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,372,535 shares of the financial services provider’s stock after selling 22,742 shares during the period. Janus Henderson Group PLC owned about 1.26% of Western Alliance Bancorporation worth $97,242,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WAL. Norges Bank acquired a new position in Western Alliance Bancorporation in the 4th quarter worth $125,482,000. Price T Rowe Associates Inc. MD raised its stake in shares of Western Alliance Bancorporation by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,746,867 shares of the financial services provider’s stock valued at $735,350,000 after purchasing an additional 777,369 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Western Alliance Bancorporation by 7.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,450,408 shares of the financial services provider’s stock valued at $542,286,000 after purchasing an additional 470,492 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Western Alliance Bancorporation by 2,331.6% in the fourth quarter. AQR Capital Management LLC now owns 485,508 shares of the financial services provider’s stock valued at $40,817,000 after purchasing an additional 465,541 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Western Alliance Bancorporation by 7,920.9% during the fourth quarter. M&T Bank Corp now owns 315,624 shares of the financial services provider’s stock worth $26,535,000 after buying an additional 311,689 shares during the period. 79.15% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CAO Ben Mucha sold 5,946 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $81.00, for a total transaction of $481,626.00. Following the transaction, the chief accounting officer directly owned 3,485 shares in the company, valued at approximately $282,285. The trade was a 63.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.76% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Analysis on Western Alliance Bancorporation
Western Alliance Bancorporation Stock Performance
Shares of NYSE WAL opened at $80.53 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a 50 day moving average price of $81.00 and a 200 day moving average price of $80.97. The stock has a market capitalization of $8.79 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. Western Alliance Bancorporation has a 52 week low of $65.82 and a 52 week high of $97.23.
Western Alliance Bancorporation (NYSE:WAL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.36 earnings per share for the quarter, hitting the consensus estimate of $2.36. Western Alliance Bancorporation had a return on equity of 13.40% and a net margin of 17.20%.The firm had revenue of $995.70 million for the quarter, compared to analyst estimates of $980.53 million. During the same quarter in the previous year, the firm earned $2.07 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts predict that Western Alliance Bancorporation will post 9.16 earnings per share for the current fiscal year.
Western Alliance Bancorporation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 18.92%.
Western Alliance Bancorporation Profile
Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.
The company’s core offerings include deposit products, treasury management and a variety of lending services.
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