Boston Partners Has $19.71 Million Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

Boston Partners lowered its stake in Western Alliance Bancorporation (NYSE:WAL) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 235,815 shares of the financial services provider’s stock after selling 530,772 shares during the quarter. Boston Partners owned about 0.21% of Western Alliance Bancorporation worth $19,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Natixis Advisors LLC boosted its stake in Western Alliance Bancorporation by 0.9% in the 4th quarter. Natixis Advisors LLC now owns 338,395 shares of the financial services provider’s stock worth $28,269,000 after purchasing an additional 2,899 shares during the period. Atala Financial Inc acquired a new position in shares of Western Alliance Bancorporation during the fourth quarter worth about $44,000. Madison Investment Advisors LLC bought a new position in shares of Western Alliance Bancorporation during the fourth quarter worth about $3,970,000. Thompson Siegel & Walmsley LLC raised its position in Western Alliance Bancorporation by 2.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 86,742 shares of the financial services provider’s stock valued at $7,246,000 after buying an additional 1,922 shares during the last quarter. Finally, Vestcor Inc boosted its position in Western Alliance Bancorporation by 108.1% during the 4th quarter. Vestcor Inc now owns 17,496 shares of the financial services provider’s stock worth $1,462,000 after acquiring an additional 9,088 shares during the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WAL. Stephens reissued an “overweight” rating and issued a $103.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, January 28th. Piper Sandler raised their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. 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 research report on Monday, January 6th. StockNews.com raised Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, DA Davidson cut their price objective 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.07.

Western Alliance Bancorporation Stock Down 0.2 %

Shares of WAL opened at $76.64 on Friday. The firm’s 50-day simple moving average is $85.11 and its 200 day simple moving average is $85.99. 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 firm has a market cap of $8.46 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. Western Alliance Bancorporation has a 52 week low of $53.75 and a 52 week high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.98%. Western Alliance Bancorporation’s payout ratio is presently 21.41%.

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.