Western Alliance Bancorporation (NYSE:WAL) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its position in Western Alliance Bancorporation (NYSE:WAL) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,965 shares of the financial services provider’s stock after selling 1,550 shares during the period. Atria Wealth Solutions Inc.’s holdings in Western Alliance Bancorporation were worth $1,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. 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 during the period. Allworth Financial LP boosted its holdings 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 worth $37,000 after purchasing an additional 215 shares during the last quarter. Blue Trust Inc. grew its position in shares of Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 187 shares during the period. Covestor Ltd increased its stake in Western Alliance Bancorporation by 167.5% in the third quarter. Covestor Ltd now owns 634 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 397 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in Western Alliance Bancorporation by 338.1% during the fourth quarter. Principal Securities Inc. now owns 679 shares of the financial services provider’s stock worth $57,000 after buying an additional 524 shares during the period. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on WAL shares. Piper Sandler lifted their price target on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. DA Davidson lowered their target price on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $103.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. StockNews.com cut shares of Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Western Alliance Bancorporation Trading Down 2.9 %

Shares of WAL opened at $87.10 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. Western Alliance Bancorporation has a 12 month low of $53.75 and a 12 month high of $98.10. The stock has a market cap of $9.59 billion, a PE ratio of 12.27, a P/E/G ratio of 0.63 and a beta of 1.46. The stock’s 50-day moving average is $86.80 and its two-hundred day moving average is $85.87.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.95 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%. Equities analysts forecast that Western Alliance Bancorporation will post 9.05 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.75%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 21.41%.

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.