Inspire Investing LLC Decreases Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

Inspire Investing LLC lessened its holdings in Western Alliance Bancorporation (NYSE:WAL) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,669 shares of the financial services provider’s stock after selling 753 shares during the quarter. Inspire Investing LLC’s holdings in Western Alliance Bancorporation were worth $1,058,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in Western Alliance Bancorporation in the third quarter valued at approximately $33,000. UMB Bank n.a. raised its holdings in Western Alliance Bancorporation by 136.8% during the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 249 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Western Alliance Bancorporation by 58.4% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $44,000 after buying an additional 187 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Western Alliance Bancorporation by 167.5% in the 3rd quarter. Covestor Ltd now owns 634 shares of the financial services provider’s stock valued at $55,000 after buying an additional 397 shares in the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WAL shares. UBS Group initiated coverage on shares of Western Alliance Bancorporation in a research report on Tuesday, December 17th. They issued a “buy” rating and a $115.00 price target for the company. Truist Financial reduced their target price on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised Western Alliance Bancorporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $101.00 in a research report on Monday, October 7th. Wells Fargo & Company decreased their price objective on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $102.00 target price on shares of Western Alliance Bancorporation in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Western Alliance Bancorporation presently has an average rating of “Moderate Buy” and an average target price of $94.31.

Western Alliance Bancorporation Trading Down 1.1 %

NYSE WAL opened at $91.40 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $10.06 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.88 and a beta of 1.46. Western Alliance Bancorporation has a 52-week low of $53.75 and a 52-week high of $98.10. The firm has a 50-day moving average price of $88.01 and a 200 day moving average price of $83.36.

Western Alliance Bancorporation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. Western Alliance Bancorporation’s payout ratio is 23.46%.

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.