US Bancorp DE Raises Stake in Western Alliance Bancorporation (WAL)

US Bancorp DE lifted its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,588 shares of the financial services provider’s stock after acquiring an additional 1,264 shares during the quarter. US Bancorp DE’s holdings in Western Alliance Bancorporation were worth $2,299,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Western Alliance Bancorporation during the fourth quarter worth approximately $124,000. Canada Pension Plan Investment Board purchased a new position in shares of Western Alliance Bancorporation during the third quarter worth approximately $133,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Western Alliance Bancorporation during the second quarter worth approximately $202,000. Dearborn Partners LLC purchased a new position in shares of Western Alliance Bancorporation during the third quarter worth approximately $205,000. Finally, MAI Capital Management purchased a new position in shares of Western Alliance Bancorporation during the fourth quarter worth approximately $208,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Western Alliance Bancorporation (WAL) opened at $60.34 on Friday. The stock has a market cap of $6,370.00, a P/E ratio of 19.46, a P/E/G ratio of 1.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. Western Alliance Bancorporation has a 1-year low of $44.64 and a 1-year high of $60.91.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The company had revenue of $224.72 million for the quarter, compared to analyst estimates of $225.19 million. Western Alliance Bancorporation had a net margin of 36.56% and a return on equity of 15.82%. During the same period last year, the company posted $0.70 earnings per share. equities analysts predict that Western Alliance Bancorporation will post 4.01 EPS for the current year.

In related news, EVP Randall S. Theisen sold 2,942 shares of Western Alliance Bancorporation stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $59.00, for a total transaction of $173,578.00. Following the transaction, the executive vice president now directly owns 39,321 shares of the company’s stock, valued at $2,319,939. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Reoch Mcauslan sold 3,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $56.36, for a total transaction of $169,080.00. Following the transaction, the executive vice president now directly owns 20,200 shares in the company, valued at $1,138,472. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

A number of equities analysts have recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $70.00 target price on shares of Western Alliance Bancorporation in a research report on Tuesday, January 30th. SunTrust Banks reaffirmed a “buy” rating and set a $70.00 target price on shares of Western Alliance Bancorporation in a research report on Monday, January 29th. Sandler O’Neill reaffirmed a “buy” rating and set a $69.00 target price on shares of Western Alliance Bancorporation in a research report on Monday, January 29th. Wells Fargo & Co raised shares of Western Alliance Bancorporation from a “market perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Monday, January 29th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Western Alliance Bancorporation in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Western Alliance Bancorporation currently has an average rating of “Buy” and a consensus target price of $66.59.

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About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

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Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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