Western Alliance Bancorporation (NYSE:WAL) Shares Bought by Generate Investment Management Ltd

Generate Investment Management Ltd lifted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,075 shares of the financial services provider’s stock after acquiring an additional 2,772 shares during the quarter. Western Alliance Bancorporation makes up approximately 2.4% of Generate Investment Management Ltd’s portfolio, making the stock its 10th biggest position. Generate Investment Management Ltd owned 0.38% of Western Alliance Bancorporation worth $34,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of 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 acquiring an additional 1,418,472 shares during the last quarter. FMR LLC raised its position in Western Alliance Bancorporation by 93.3% during the 3rd quarter. FMR LLC now owns 2,793,014 shares of the financial services provider’s stock worth $241,568,000 after purchasing an additional 1,347,921 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Western Alliance Bancorporation by 4.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,896,377 shares of the financial services provider’s stock worth $164,019,000 after buying an additional 74,956 shares during the period. Geode Capital Management LLC grew its position in shares of Western Alliance Bancorporation by 6.9% in the 3rd 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 during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Western Alliance Bancorporation by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,802,505 shares of the financial services provider’s stock valued at $155,899,000 after buying an additional 169,244 shares during the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Up 2.1 %

Shares of NYSE:WAL opened at $90.61 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. Western Alliance Bancorporation has a 52-week low of $53.75 and a 52-week high of $98.10. The business’s 50 day simple moving average is $87.43 and its two-hundred day simple moving average is $84.84. The firm has a market cap of $9.97 billion, a P/E ratio of 12.76, a PEG ratio of 0.61 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL) last issued its 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 return on equity of 13.14% and a net margin of 15.49%. As a group, research analysts forecast that Western Alliance Bancorporation will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Truist Financial decreased their price objective on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, October 21st. Barclays boosted their target price on shares of Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, UBS Group began coverage on Western Alliance Bancorporation in a report on Tuesday, December 17th. They set a “buy” rating and a $115.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Western Alliance Bancorporation currently has an average rating of “Moderate Buy” and an average target price 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.