Insight Folios Inc Sells 332 Shares of Western Alliance Bancorporation (NYSE:WAL)

Insight Folios Inc lowered its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 12,510 shares of the financial services provider’s stock after selling 332 shares during the quarter. Insight Folios Inc’s holdings in Western Alliance Bancorporation were worth $1,082,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Western Alliance Bancorporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,440,410 shares of the financial services provider’s stock worth $670,170,000 after buying an additional 395,101 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Western Alliance Bancorporation by 1,706.9% during the 1st quarter. SG Americas Securities LLC now owns 30,898 shares of the financial services provider’s stock worth $1,983,000 after purchasing an additional 29,188 shares during the last quarter. M&G Plc increased its stake in shares of Western Alliance Bancorporation by 12.4% during the 2nd quarter. M&G Plc now owns 133,670 shares of the financial services provider’s stock worth $8,421,000 after purchasing an additional 14,734 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Western Alliance Bancorporation by 1.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,633,261 shares of the financial services provider’s stock valued at $102,603,000 after purchasing an additional 20,254 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in Western Alliance Bancorporation during the second quarter worth about $474,000. Institutional investors and hedge funds own 79.15% of the company’s stock.

Western Alliance Bancorporation Trading Down 2.1 %

Shares of WAL stock opened at $82.14 on Monday. The stock has a market cap of $9.04 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. Western Alliance Bancorporation has a 1 year low of $39.03 and a 1 year high of $94.28. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $83.25 and a 200 day simple moving average of $71.44.

Western Alliance Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. Western Alliance Bancorporation’s payout ratio is 22.84%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WAL shares. StockNews.com lowered Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Wells Fargo & Company raised their price target on Western Alliance Bancorporation from $85.00 to $92.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Stephens reiterated an “overweight” rating and issued a $102.00 price objective on shares of Western Alliance Bancorporation in a report on Friday, October 18th. Barclays cut their target price 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, October 22nd. Finally, Bank of America upped their price target on shares of Western Alliance Bancorporation from $82.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.60.

Insider Transactions at Western Alliance Bancorporation

In related news, Director Robert P. Latta sold 2,996 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $82.75, for a total value of $247,919.00. Following the completion of the transaction, the director now owns 4,056 shares of the company’s stock, valued at $335,634. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Barbara Kennedy sold 11,083 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $81.59, for a total transaction of $904,261.97. Following the completion of the transaction, the insider now owns 7,977 shares of the company’s stock, valued at approximately $650,843.43. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Latta sold 2,996 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $82.75, for a total value of $247,919.00. Following the completion of the sale, the director now directly owns 4,056 shares in the company, valued at $335,634. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,149 shares of company stock valued at $1,539,681. 2.75% of the stock is owned by corporate insiders.

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.