U.S. Capital Wealth Advisors LLC Has $2.52 Million Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

U.S. Capital Wealth Advisors LLC cut its holdings in Western Alliance Bancorporation (NYSE:WAL) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 32,755 shares of the financial services provider’s stock after selling 1,197 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Western Alliance Bancorporation were worth $2,517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WAL. Norges Bank acquired a new stake in shares of Western Alliance Bancorporation in the fourth quarter worth $109,298,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Western Alliance Bancorporation by 55.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,814,745 shares of the financial services provider’s stock worth $151,604,000 after buying an additional 648,983 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Western Alliance Bancorporation by 23.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,341,553 shares of the financial services provider’s stock worth $195,616,000 after buying an additional 445,176 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Western Alliance Bancorporation by 973.1% in the fourth quarter. Bank of Montreal Can now owns 421,822 shares of the financial services provider’s stock worth $35,239,000 after buying an additional 382,513 shares during the last quarter. Finally, Global Frontier Investments LLC acquired a new stake in shares of Western Alliance Bancorporation in the fourth quarter worth $23,809,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

Western Alliance Bancorporation Trading Up 1.2%

Shares of Western Alliance Bancorporation stock opened at $84.73 on Wednesday. The firm has a market capitalization of $9.35 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.83. The company’s fifty day moving average price is $75.27 and its two-hundred day moving average price is $78.27. Western Alliance Bancorporation has a 52-week low of $57.05 and a 52-week high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. Western Alliance Bancorporation had a net margin of 15.80% and a return on equity of 12.57%. The firm had revenue of $790.10 million for the quarter, compared to analyst estimates of $792.25 million. During the same quarter in the previous year, the firm posted $1.72 EPS. On average, analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, May 15th. Western Alliance Bancorporation’s payout ratio is 20.85%.

Wall Street Analyst Weigh In

WAL has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Western Alliance Bancorporation from $105.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group started coverage on shares of Western Alliance Bancorporation in a research note on Wednesday, May 21st. They set a “buy” rating and a $95.00 target price for the company. DA Davidson cut their target price on shares of Western Alliance Bancorporation from $106.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Barclays upped their target price on shares of Western Alliance Bancorporation from $97.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.50.

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.