33,952 Shares in Western Alliance Bancorporation (NYSE:WAL) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC purchased a new position in Western Alliance Bancorporation (NYSE:WAL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,952 shares of the financial services provider’s stock, valued at approximately $2,836,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Western Alliance Bancorporation by 70.1% during the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Western Alliance Bancorporation in the 3rd quarter worth approximately $31,000. ORG Wealth Partners LLC bought a new position in Western Alliance Bancorporation during the third quarter valued at $33,000. UMB Bank n.a. increased its position in Western Alliance Bancorporation by 136.8% in the third quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock worth $37,000 after buying an additional 249 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Western Alliance Bancorporation by 58.4% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $44,000 after buying an additional 187 shares during the period. 79.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WAL shares. Piper Sandler decreased their price objective on Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Royal Bank of Canada set a $99.00 price target on shares of Western Alliance Bancorporation and gave the company an “outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their price objective on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their target price on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Stephens reiterated an “overweight” rating and issued a $103.00 price target on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. 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, Western Alliance Bancorporation has an average rating of “Moderate Buy” and an average target price of $97.07.

Western Alliance Bancorporation Stock Performance

Western Alliance Bancorporation stock opened at $87.84 on Monday. Western Alliance Bancorporation has a fifty-two week low of $53.75 and a fifty-two week high of $98.10. 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 market cap of $9.67 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.46. The firm’s fifty day moving average price is $87.96 and its 200-day moving average price is $84.52.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) 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, equities research analysts expect that Western Alliance Bancorporation will post 9.11 earnings per share for the current fiscal year.

About Western Alliance Bancorporation

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.