Hussman Strategic Advisors Inc. Purchases 21,000 Shares of Western Alliance Bancorporation $WAL

Hussman Strategic Advisors Inc. lifted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 100.0% during the second quarter, Holdings Channel.com reports. The firm owned 42,000 shares of the financial services provider’s stock after buying an additional 21,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Western Alliance Bancorporation were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Western Alliance Bancorporation by 995.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider’s stock valued at $41,000 after buying an additional 478 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Western Alliance Bancorporation in the first quarter valued at about $58,000. National Bank of Canada FI grew its stake in shares of Western Alliance Bancorporation by 22.7% in the first quarter. National Bank of Canada FI now owns 763 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 141 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Western Alliance Bancorporation by 1,614.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,269 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Western Alliance Bancorporation by 14.8% in the 2nd quarter. Signaturefd LLC now owns 1,654 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 213 shares during the period. 79.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on WAL shares. National Bankshares set a $118.00 target price on shares of Western Alliance Bancorporation in a report on Wednesday, September 24th. TD Cowen started coverage on Western Alliance Bancorporation in a research note on Thursday, September 25th. They set a “buy” rating and a $118.00 price objective on the stock. DA Davidson upped their target price on Western Alliance Bancorporation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Western Alliance Bancorporation from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, Industrial Alliance Securities set a $95.00 price target on Western Alliance Bancorporation in a research note on Thursday, October 23rd. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Western Alliance Bancorporation has an average rating of “Moderate Buy” and an average price target of $101.20.

Western Alliance Bancorporation Trading Down 0.7%

Shares of WAL stock opened at $76.82 on Tuesday. Western Alliance Bancorporation has a fifty-two week low of $57.05 and a fifty-two week high of $98.10. The stock’s fifty day moving average price is $84.38 and its two-hundred day moving average price is $79.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.79 and a current ratio of 0.83. The company has a market cap of $8.48 billion, a PE ratio of 9.50, a P/E/G ratio of 0.52 and a beta of 1.35.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share for the quarter. Western Alliance Bancorporation had a return on equity of 12.93% and a net margin of 17.14%.The business had revenue of $718.00 million during the quarter. Equities analysts predict that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a dividend of $0.42 per share. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.68 annualized dividend and a dividend yield of 2.2%. Western Alliance Bancorporation’s payout ratio is presently 18.79%.

Insider Transactions at Western Alliance Bancorporation

In related news, CFO Dale Gibbons acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $77.00 per share, with a total value of $308,000.00. Following the purchase, the chief financial officer directly owned 300,358 shares in the company, valued at approximately $23,127,566. This trade represents a 1.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.68% of the stock is currently owned by corporate insiders.

Western Alliance Bancorporation 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.