Natixis Advisors LLC Sells 264,380 Shares of Western Alliance Bancorporation $WAL

Natixis Advisors LLC trimmed its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,672 shares of the financial services provider’s stock after selling 264,380 shares during the quarter. Natixis Advisors LLC’s holdings in Western Alliance Bancorporation were worth $4,261,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Clearstead Advisors LLC grew its stake in Western Alliance Bancorporation by 144.6% during the fourth quarter. Clearstead Advisors LLC now owns 411 shares of the financial services provider’s stock worth $35,000 after buying an additional 243 shares in the last quarter. Community Bank N.A. acquired a new stake in Western Alliance Bancorporation during the third quarter worth about $37,000. Smartleaf Asset Management LLC grew its stake in Western Alliance Bancorporation by 113.0% during the third quarter. Smartleaf Asset Management LLC now owns 443 shares of the financial services provider’s stock worth $39,000 after buying an additional 235 shares in the last quarter. Leonteq Securities AG acquired a new stake in Western Alliance Bancorporation during the fourth quarter worth about $44,000. Finally, V Square Quantitative Management LLC acquired a new stake in Western Alliance Bancorporation during the fourth quarter worth about $45,000. 79.15% of the stock is owned by institutional investors.

Western Alliance Bancorporation Trading Down 0.1%

WAL opened at $80.09 on Tuesday. Western Alliance Bancorporation has a 1-year low of $65.82 and a 1-year high of $97.23. The company’s 50 day moving average is $77.45 and its 200-day moving average is $81.81. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $8.74 billion, a P/E ratio of 9.32, a PEG ratio of 0.61 and a beta of 1.34.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Western Alliance Bancorporation had a return on equity of 13.58% and a net margin of 17.03%.The business had revenue of $968.40 million during the quarter, compared to analysts’ expectations of $944.18 million. During the same quarter in the prior year, the firm earned $1.79 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. Equities research analysts predict that Western Alliance Bancorporation will post 9.8 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.68 annualized dividend and a yield of 2.1%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Ratings Changes

WAL has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of 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. DA Davidson reduced their price objective on shares of Western Alliance Bancorporation from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Citigroup reduced their price objective on shares of Western Alliance Bancorporation from $103.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. National Alliance Securities reiterated a “buy” rating on shares of Western Alliance Bancorporation in a research note on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Western Alliance Bancorporation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Western Alliance Bancorporation has a consensus rating of “Moderate Buy” and an average price target of $92.93.

About Western Alliance Bancorporation

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.