Western Alliance Bancorporation (NYSE:WAL) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 33.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 701 shares of the financial services provider’s stock after buying an additional 175 shares during the period. Larson Financial Group LLC’s holdings in Western Alliance Bancorporation were worth $59,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in Western Alliance Bancorporation by 46.2% during the third quarter. State Street Corp now owns 4,488,345 shares of the financial services provider’s stock valued at $388,197,000 after buying an additional 1,418,472 shares in the last quarter. FMR LLC boosted its stake in Western Alliance Bancorporation by 93.3% during the third quarter. FMR LLC now owns 2,793,014 shares of the financial services provider’s stock valued at $241,568,000 after buying an additional 1,347,921 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Western Alliance Bancorporation by 4.1% during the third quarter. Janus Henderson Group PLC now owns 1,896,377 shares of the financial services provider’s stock valued at $164,019,000 after buying an additional 74,956 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Western Alliance Bancorporation by 4.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,883,743 shares of the financial services provider’s stock valued at $157,369,000 after buying an additional 81,238 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Western Alliance Bancorporation by 6.9% during the third quarter. Geode Capital Management LLC now owns 1,880,681 shares of the financial services provider’s stock valued at $162,701,000 after buying an additional 120,729 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Up 2.9 %

Shares of Western Alliance Bancorporation stock opened at $75.77 on Thursday. The stock has a 50-day moving average price of $85.83 and a 200 day moving average price of $86.22. The company has a market cap of $8.37 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.63 and a beta of 1.43. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a 1 year low of $53.75 and a 1 year high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. As a group, analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 21.41%.

Wall Street Analyst Weigh In

WAL has been the subject of several research reports. DA Davidson decreased their target price on 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. JPMorgan Chase & Co. decreased their price target on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and issued a $103.00 price target on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. UBS Group assumed coverage on Western Alliance Bancorporation in a research report on Tuesday, December 17th. They issued a “buy” rating and a $115.00 price target for the company. Finally, StockNews.com upgraded Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Western Alliance Bancorporation has a consensus rating of “Moderate Buy” and an average price target of $98.07.

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.