Inspire Investing LLC Has $1.03 Million Stock Position in Western Alliance Bancorporation $WAL

Inspire Investing LLC decreased its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 68.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,255 shares of the financial services provider’s stock after selling 29,136 shares during the period. Inspire Investing LLC’s holdings in Western Alliance Bancorporation were worth $1,034,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WAL. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Western Alliance Bancorporation by 5.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,087 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 166 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Western Alliance Bancorporation by 91.5% during the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 482 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Western Alliance Bancorporation by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 2,181 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 758 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Western Alliance Bancorporation during the 1st quarter worth about $1,097,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Western Alliance Bancorporation by 17.7% during the 1st quarter. Handelsbanken Fonder AB now owns 30,560 shares of the financial services provider’s stock worth $2,348,000 after acquiring an additional 4,600 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Down 5.9%

Shares of WAL opened at $74.87 on Friday. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 0.86. The business’s fifty day moving average price is $85.81 and its two-hundred day moving average price is $78.44. Western Alliance Bancorporation has a 52 week low of $57.05 and a 52 week high of $98.10.

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

Western Alliance Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.0%. Western Alliance Bancorporation’s dividend payout ratio is 19.97%.

Wall Street Analyst Weigh In

WAL has been the subject of several recent analyst reports. National Bankshares set a $118.00 price target on Western Alliance Bancorporation in a research note on Wednesday, September 24th. Industrial Alliance Securities set a $112.00 price objective on Western Alliance Bancorporation in a research report on Wednesday. DA Davidson boosted their price objective on Western Alliance Bancorporation from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. TD Cowen assumed coverage on Western Alliance Bancorporation in a research report on Thursday, September 25th. They set a “buy” rating and a $118.00 price objective for the company. Finally, Truist Financial set a $92.00 price objective on Western Alliance Bancorporation in a research report on Friday. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.14.

Insider Buying and Selling at Western Alliance Bancorporation

In other news, insider Tim R. Bruckner sold 2,500 shares of the 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 transaction, the insider owned 24,759 shares of the company’s stock, valued at $2,077,527.69. This represents a 9.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.68% of the stock is currently owned by company insiders.

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.