Vanguard Personalized Indexing Management LLC Purchases 2,834 Shares of Western Alliance Bancorporation $WAL

Vanguard Personalized Indexing Management LLC increased its position in Western Alliance Bancorporation (NYSE:WAL) by 24.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,400 shares of the financial services provider’s stock after buying an additional 2,834 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Western Alliance Bancorporation were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of WAL. HWG Holdings LP purchased a new position in shares of Western Alliance Bancorporation during the first quarter worth approximately $25,000. Tsfg LLC purchased a new stake in shares of Western Alliance Bancorporation in the 1st quarter valued at $33,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Western Alliance Bancorporation during the 1st quarter valued at $58,000. National Bank of Canada FI raised its position in Western Alliance Bancorporation by 22.7% in the 1st quarter. National Bank of Canada FI now owns 763 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 141 shares during the period. Finally, Signaturefd LLC raised its position in Western Alliance Bancorporation by 14.8% in the 2nd quarter. Signaturefd LLC now owns 1,654 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Analyst Ratings Changes

WAL has been the topic of a number of recent research reports. National Bankshares set a $118.00 price objective on Western Alliance Bancorporation in a research note on Wednesday, September 24th. TD Cowen started coverage on Western Alliance Bancorporation in a research report on Thursday, September 25th. They set a “buy” rating and a $118.00 price target on the stock. DA Davidson boosted their price objective on Western Alliance Bancorporation from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Finally, Piper Sandler lifted their target price on shares of Western Alliance Bancorporation from $94.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.14.

Western Alliance Bancorporation Stock Up 3.3%

Shares of NYSE WAL opened at $72.63 on Friday. The firm has a fifty day simple moving average of $85.64 and a two-hundred day simple moving average of $78.42. Western Alliance Bancorporation has a 12 month low of $57.05 and a 12 month high of $98.10. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $8.02 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.35.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. Western Alliance Bancorporation had a net margin of 16.39% and a return on equity of 12.62%. The company had revenue of $718.00 million for the quarter. Equities analysts expect that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. Western Alliance Bancorporation’s payout ratio is currently 19.97%.

Insiders Place Their Bets

In related news, insider Tim R. Bruckner sold 2,500 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $83.91, for a total value of $209,775.00. Following the sale, the insider directly owned 24,759 shares of the company’s stock, valued at $2,077,527.69. This represents a 9.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.68% of the stock is currently owned by insiders.

Western Alliance Bancorporation 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.