Western Alliance Bancorporation (NYSE:WAL) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 338,395 shares of the financial services provider’s stock after purchasing an additional 2,899 shares during the period. Natixis Advisors LLC’s holdings in Western Alliance Bancorporation were worth $28,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama acquired a new stake in Western Alliance Bancorporation during the 3rd quarter worth approximately $11,461,000. Franklin Resources Inc. lifted its holdings in shares of Western Alliance Bancorporation by 17.0% in the 3rd quarter. Franklin Resources Inc. now owns 314,972 shares of the financial services provider’s stock valued at $27,970,000 after buying an additional 45,764 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Western Alliance Bancorporation by 9.3% in the 4th quarter. New York State Common Retirement Fund now owns 96,839 shares of the financial services provider’s stock valued at $8,090,000 after buying an additional 8,201 shares during the period. Mutual of America Capital Management LLC acquired a new stake in shares of Western Alliance Bancorporation in the 3rd quarter valued at approximately $5,099,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Western Alliance Bancorporation by 1,091.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,073 shares of the financial services provider’s stock valued at $2,947,000 after buying an additional 31,214 shares during the period. 79.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WAL has been the subject of several recent analyst reports. Piper Sandler raised their price target on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. DA Davidson reduced their price target on Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com raised Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price target 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. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Western Alliance Bancorporation Stock Performance

Western Alliance Bancorporation stock opened at $77.25 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85. The stock has a fifty day moving average of $85.40 and a two-hundred day moving average of $86.17. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.63 and a beta of 1.43. Western Alliance Bancorporation has a fifty-two week low of $53.75 and a fifty-two week high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a return on equity of 13.14% and a net margin of 15.49%. On average, analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s dividend payout ratio is currently 21.41%.

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.