2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lessened its stake in shares of Western Alliance Bancorporation ( NYSE:WAL – Free Report ) by 49.3% during the 4th quarter, according to its most recent 13F filing with the SEC.
The firm owned 29,183 shares of the financial services provider’s stock after selling 28,419 shares during the period. Russell Investments Group Ltd.’s holdings in Western Alliance Bancorporation were worth $2,438,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd.
bought a new position in Western Alliance Bancorporation in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC boosted its position in Western Alliance Bancorporation by 56.0% in the 4th quarter.
Smartleaf Asset Management LLC now owns 326 shares of the financial services provider’s stock valued at $27,000 after buying an additional 117 shares during the period. Fifth Third Bancorp grew its stake in Western Alliance Bancorporation by 70.1% in the 4th quarter.
Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Allworth Financial LP raised its stake in shares of Western Alliance Bancorporation by 115.6% during the fourth quarter.
Allworth Financial LP now owns 401 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 215 shares in the last quarter. Finally, Atala Financial Inc bought a new position in Western Alliance Bancorporation in the fourth quarter worth approximately $44,000. 79.
15% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have weighed in on WAL shares. JPMorgan Chase & Co.
lowered their target price on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th.
Piper Sandler raised their target price on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd.
StockNews.com raised shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Western Alliance Bancorporation from $95.
00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Finally, DA Davidson reduced their price objective on shares of Western Alliance Bancorporation from $110.
00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.40. Western Alliance Bancorporation Stock Performance Shares of Western Alliance Bancorporation stock opened at $66.
14 on Friday. The company has a 50 day moving average price of $76.59 and a 200 day moving average price of $83.
88. The firm has a market capitalization of $7.31 billion, a P/E ratio of 9.
32, a PEG ratio of 0.63 and a beta of 1.29.
The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.
61. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.
10. Western Alliance Bancorporation ( NYSE:WAL – Get Free Report ) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.
95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03.
Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%.
Sell-side analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current year. Western Alliance Bancorporation Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, February 28th.
Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $1.52 annualized dividend and a yield of 2.30%.
Western Alliance Bancorporation’s payout ratio is presently 21.41%. Western Alliance Bancorporation Profile ( Free Report ) 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. Featured Articles 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.
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