Strs Ohio Sells 7,898 Shares of Western Alliance Bancorporation $WAL

Strs Ohio decreased its holdings in Western Alliance Bancorporation (NYSE:WAL) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,743 shares of the financial services provider’s stock after selling 7,898 shares during the quarter. Strs Ohio owned about 0.08% of Western Alliance Bancorporation worth $6,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WAL. Amalgamated Bank raised its holdings in Western Alliance Bancorporation by 0.6% in the 2nd quarter. Amalgamated Bank now owns 50,255 shares of the financial services provider’s stock worth $3,919,000 after purchasing an additional 320 shares in the last quarter. Atria Investments Inc increased its position in shares of Western Alliance Bancorporation by 9.4% during the second quarter. Atria Investments Inc now owns 13,564 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 1,169 shares during the period. Retirement Systems of Alabama increased its position in shares of Western Alliance Bancorporation by 0.4% during the second quarter. Retirement Systems of Alabama now owns 133,228 shares of the financial services provider’s stock valued at $10,389,000 after buying an additional 478 shares during the period. Hantz Financial Services Inc. raised its stake in Western Alliance Bancorporation by 995.8% in the second quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider’s stock worth $41,000 after buying an additional 478 shares in the last quarter. Finally, Emerald Advisers LLC raised its stake in Western Alliance Bancorporation by 73.5% in the second quarter. Emerald Advisers LLC now owns 5,889 shares of the financial services provider’s stock worth $459,000 after buying an additional 2,495 shares in the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays reiterated an “overweight” rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. National Bankshares set a $118.00 price target on Western Alliance Bancorporation in a research note on Wednesday, September 24th. Citigroup reaffirmed a “neutral” rating on shares of Western Alliance Bancorporation in a research note on Tuesday, August 26th. Wall Street Zen raised shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Cowen initiated coverage on shares of Western Alliance Bancorporation in a research report on Wednesday, September 24th. They issued a “buy” rating on the stock. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Insider Transactions at Western Alliance Bancorporation

In other news, CFO Dale Gibbons purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $77.00 per share, for a total transaction of $308,000.00. Following the purchase, the chief financial officer directly owned 300,358 shares in the company, valued at approximately $23,127,566. This trade represents a 1.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.68% of the stock is currently owned by insiders.

Western Alliance Bancorporation Stock Up 0.9%

NYSE:WAL opened at $77.34 on Monday. The firm’s 50-day moving average price is $84.59 and its 200-day moving average price is $79.57. The company has a market capitalization of $8.54 billion, a PE ratio of 9.56, a P/E/G ratio of 0.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.79. Western Alliance Bancorporation has a 1-year low of $57.05 and a 1-year high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share for the quarter. The firm had revenue of $718.00 million for the quarter. Western Alliance Bancorporation had a net margin of 17.14% and a return on equity of 12.93%. On average, equities analysts predict that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

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.