Dimensional Fund Advisors LP lifted its stake in Western Alliance Bancorporation (NYSE:WAL – Free Report) by 1.0% during the 1st quarter, Holdings Channel reports. The firm owned 3,813,995 shares of the financial services provider’s stock after acquiring an additional 36,534 shares during the period. Dimensional Fund Advisors LP’s holdings in Western Alliance Bancorporation were worth $270,203,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. M&T Bank Corp increased its stake in shares of Western Alliance Bancorporation by 7,920.9% in the 4th quarter. M&T Bank Corp now owns 315,624 shares of the financial services provider’s stock valued at $26,535,000 after acquiring an additional 311,689 shares during the last quarter. Perpetual Ltd boosted its stake in Western Alliance Bancorporation by 55.7% during the 4th quarter. Perpetual Ltd now owns 557,894 shares of the financial services provider’s stock worth $46,902,000 after acquiring an additional 199,591 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Western Alliance Bancorporation by 2,313.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,895 shares of the financial services provider’s stock worth $1,589,000 after acquiring an additional 18,112 shares during the last quarter. Generate Investment Management Ltd grew its holdings in Western Alliance Bancorporation by 14.3% during the fourth quarter. Generate Investment Management Ltd now owns 160,000 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 20,000 shares during the period. Finally, Oak Thistle LLC acquired a new position in Western Alliance Bancorporation during the fourth quarter valued at approximately $1,393,000. 79.15% of the stock is owned by institutional investors and hedge funds.
Western Alliance Bancorporation Stock Performance
Shares of WAL opened at $83.28 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 0.86. Western Alliance Bancorporation has a twelve month low of $65.82 and a twelve month high of $97.23. The firm’s 50 day moving average price is $80.26 and its two-hundred day moving average price is $81.22. The firm has a market cap of $9.09 billion, a P/E ratio of 9.38, a PEG ratio of 0.73 and a beta of 1.34.
Western Alliance Bancorporation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, May 14th. Western Alliance Bancorporation’s dividend payout ratio is 18.92%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on WAL shares. Weiss Ratings upgraded shares of Western Alliance Bancorporation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. DA Davidson set a $36.00 price target on shares of Western Alliance Bancorporation in a report on Wednesday. Citigroup upped their price objective on shares of Western Alliance Bancorporation from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Barclays dropped their price objective on Western Alliance Bancorporation from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Finally, Piper Sandler reduced their target price on Western Alliance Bancorporation from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.
Get Our Latest Stock Report on Western Alliance Bancorporation
Insider Transactions at Western Alliance Bancorporation
In other Western Alliance Bancorporation news, CAO Ben Mucha sold 5,946 shares of Western Alliance Bancorporation stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $81.00, for a total value of $481,626.00. Following the sale, the chief accounting officer owned 3,485 shares of the company’s stock, valued at $282,285. This trade represents a 63.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.76% of the company’s stock.
More Western Alliance Bancorporation News
Here are the key news stories impacting Western Alliance Bancorporation this week:
- Positive Sentiment: DA Davidson reaffirmed its Buy rating on Western Alliance Bancorporation and raised its price target to $90, implying additional upside from recent trading levels.
- Positive Sentiment: Regional bank earnings have broadly improved sentiment across the group, with reports of strong revenue, loan growth, deposit growth, and solid capital positions helping support Western Alliance shares.
- Positive Sentiment: Western Alliance’s quarterly revenue beat expectations and rose sharply year over year, suggesting its core banking business remains healthy despite market worries.
- Neutral Sentiment: Some coverage highlighted that Western Alliance’s earnings may have missed certain consensus estimates on EPS, which could temper enthusiasm even as investors focus on the broader operational strength.
- Neutral Sentiment: Several transcript and earnings-snapshot articles from the last day largely reinforce the same takeaway: the company is still being closely watched for credit trends and deposit stability after recent bank-sector volatility.
Western Alliance Bancorporation Company 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.
Featured Articles
- Five stocks we like better than Western Alliance Bancorporation
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Want to see what other hedge funds are holding WAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Alliance Bancorporation (NYSE:WAL – Free Report).
Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.
