Compound Global Advisors LLC Sells 7,540 Shares of Western Alliance Bancorporation $WAL

Compound Global Advisors LLC trimmed its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 93.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517 shares of the financial services provider's stock after selling 7,540 shares during the period. Western Alliance Bancorporation accounts for 3.6% of Compound Global Advisors LLC's portfolio, making the stock its 14th biggest position. Compound Global Advisors LLC's holdings in Western Alliance Bancorporation were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WAL. WCM Investment Management LLC boosted its holdings in shares of Western Alliance Bancorporation by 5.4% during the 2nd quarter. WCM Investment Management LLC now owns 234,809 shares of the financial services provider's stock valued at $18,226,000 after buying an additional 12,116 shares in the last quarter. GAMMA Investing LLC lifted its position in Western Alliance Bancorporation by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 2,181 shares of the financial services provider's stock valued at $168,000 after acquiring an additional 758 shares during the period. New York State Teachers Retirement System lifted its position in Western Alliance Bancorporation by 24.9% during the 1st quarter. New York State Teachers Retirement System now owns 25,387 shares of the financial services provider's stock valued at $1,950,000 after acquiring an additional 5,056 shares during the period. Janney Montgomery Scott LLC boosted its stake in Western Alliance Bancorporation by 22.6% during the first quarter. Janney Montgomery Scott LLC now owns 4,380 shares of the financial services provider's stock worth $337,000 after acquiring an additional 808 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Western Alliance Bancorporation by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,262 shares of the financial services provider's stock worth $251,000 after purchasing an additional 175 shares during the period. Institutional investors own 79.15% of the company's stock.

Insider Activity at Western Alliance Bancorporation

In other news, insider Tim R. Bruckner sold 2,500 shares of Western Alliance Bancorporation stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $83.91, for a total value of $209,775.00. Following the completion of the sale, the insider directly owned 24,759 shares in the company, valued at $2,077,527.69. The trade was a 9.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.68% of the stock is owned by corporate insiders.

Western Alliance Bancorporation Stock Performance

Shares of WAL opened at $70.18 on Friday. The business's fifty day simple moving average is $85.77 and its two-hundred day simple moving average is $78.44. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. Western Alliance Bancorporation has a 12 month low of $57.05 and a 12 month high of $98.10. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.56 and a beta of 1.35.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.91 EPS for the quarter. The business had revenue of $718.00 million during the quarter. Western Alliance Bancorporation had a return on equity of 12.62% and a net margin of 16.39%. Research analysts anticipate that Western Alliance Bancorporation will post 9.05 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.52 annualized dividend and a yield of 2.2%. Western Alliance Bancorporation's dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Western Alliance Bancorporation in a report on Wednesday, October 8th. Citigroup reaffirmed a "neutral" rating on shares of Western Alliance Bancorporation in a research report on Tuesday, August 26th. Barclays reiterated an "overweight" rating on shares of Western Alliance Bancorporation in a research note on Wednesday, October 8th. Truist Financial set a $92.00 target price on Western Alliance Bancorporation in a research note on Friday, October 10th. Finally, National Bankshares set a $118.00 price target on Western Alliance Bancorporation in a report on Wednesday, September 24th. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Western Alliance Bancorporation currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.14.

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.

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