Capital Advisors Ltd. LLC Buys 419 Shares of Western Alliance Bancorporation (NYSE:WAL)

Capital Advisors Ltd. LLC increased its stake in shares of Western Alliance Bancorporation (NYSE:WALGet Rating) by 34.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,637 shares of the financial services provider’s stock after acquiring an additional 419 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Western Alliance Bancorporation were worth $136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WAL. Industrial Alliance Investment Management Inc. bought a new position in Western Alliance Bancorporation during the fourth quarter worth $39,000. National Bank of Canada FI acquired a new position in Western Alliance Bancorporation during the fourth quarter worth $46,000. Quadrant Capital Group LLC raised its holdings in Western Alliance Bancorporation by 34.7% during the fourth quarter. Quadrant Capital Group LLC now owns 559 shares of the financial services provider’s stock worth $60,000 after buying an additional 144 shares during the last quarter. UMB Bank N A MO raised its holdings in Western Alliance Bancorporation by 18.4% during the first quarter. UMB Bank N A MO now owns 935 shares of the financial services provider’s stock worth $77,000 after buying an additional 145 shares during the last quarter. Finally, FourThought Financial LLC raised its holdings in Western Alliance Bancorporation by 15.6% during the first quarter. FourThought Financial LLC now owns 988 shares of the financial services provider’s stock worth $82,000 after buying an additional 133 shares during the last quarter. 87.16% of the stock is owned by institutional investors.

Western Alliance Bancorporation Price Performance

WAL opened at $77.18 on Friday. The firm has a market cap of $8.36 billion, a P/E ratio of 8.38, a PEG ratio of 0.68 and a beta of 1.42. The firm has a 50-day moving average of $74.82 and a 200 day moving average of $82.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.83 and a current ratio of 0.99. Western Alliance Bancorporation has a fifty-two week low of $68.41 and a fifty-two week high of $124.93.

Western Alliance Bancorporation (NYSE:WALGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The financial services provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.09. The company had revenue of $628.20 million during the quarter, compared to analyst estimates of $585.26 million. Western Alliance Bancorporation had a net margin of 40.16% and a return on equity of 21.55%. During the same quarter in the prior year, the business earned $2.29 earnings per share. On average, research analysts expect that Western Alliance Bancorporation will post 10.03 EPS for the current year.

Western Alliance Bancorporation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.44 annualized dividend and a yield of 1.87%. This is a positive change from Western Alliance Bancorporation’s previous quarterly dividend of $0.35. Western Alliance Bancorporation’s dividend payout ratio is presently 15.20%.

Analysts Set New Price Targets

Several research analysts have weighed in on WAL shares. Truist Financial lowered their price objective on shares of Western Alliance Bancorporation to $95.00 in a report on Tuesday, July 26th. Piper Sandler lowered their price objective on shares of Western Alliance Bancorporation to $105.00 in a report on Friday, May 20th. Wedbush upped their price objective on shares of Western Alliance Bancorporation to $85.00 in a report on Friday, July 22nd. Jefferies Financial Group lowered their target price on shares of Western Alliance Bancorporation from $108.00 to $92.00 in a report on Monday, July 11th. Finally, DA Davidson lowered their target price on shares of Western Alliance Bancorporation to $100.00 in a report on Monday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.86.

Insider Activity at Western Alliance Bancorporation

In related news, CFO Dale Gibbons purchased 2,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Friday, June 10th. The stock was bought at an average price of $77.22 per share, for a total transaction of $154,440.00. Following the completion of the transaction, the chief financial officer now owns 258,365 shares in the company, valued at $19,950,945.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.81% of the stock is owned by company insiders.

Western Alliance Bancorporation Company Profile

(Get Rating)

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 in Commercial, Consumer Related, and Corporate & Other 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; and treasury management and residential mortgage products and services.

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Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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