UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $26.09 Million Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 312,253 shares of the financial services provider's stock after purchasing an additional 21,079 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Western Alliance Bancorporation worth $26,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Western Alliance Bancorporation during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in shares of Western Alliance Bancorporation by 56.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider's stock worth $27,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Western Alliance Bancorporation by 70.1% during the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock worth $28,000 after buying an additional 136 shares in the last quarter. Allworth Financial LP raised its position in shares of Western Alliance Bancorporation by 115.6% during the 4th quarter. Allworth Financial LP now owns 401 shares of the financial services provider's stock worth $37,000 after buying an additional 215 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in shares of Western Alliance Bancorporation during the 4th quarter worth about $44,000. 79.15% of the stock is currently owned by institutional investors.

Western Alliance Bancorporation Trading Up 0.9%

Shares of WAL stock traded up $0.69 during trading hours on Thursday, reaching $73.45. 604,288 shares of the stock traded hands, compared to its average volume of 1,227,097. Western Alliance Bancorporation has a 1-year low of $56.70 and a 1-year high of $98.10. The business has a fifty day moving average price of $71.37 and a 200 day moving average price of $81.38. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.11 billion, a PE ratio of 10.35, a PEG ratio of 0.63 and a beta of 1.30.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.01. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. The business had revenue of $790.10 million for the quarter, compared to analyst estimates of $792.25 million. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, equities research analysts forecast that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. Western Alliance Bancorporation's dividend payout ratio is currently 20.85%.

Wall Street Analyst Weigh In

WAL has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Western Alliance Bancorporation from $95.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. DA Davidson dropped their price target on shares of Western Alliance Bancorporation from $106.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler boosted their target price on shares of Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Wall Street Zen upgraded shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Stephens reiterated an "overweight" rating and issued a $92.00 target price on shares of Western Alliance Bancorporation in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Western Alliance Bancorporation has an average rating of "Moderate Buy" and a consensus target price of $97.77.

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.