Blackhawk Capital Partners LLC. Has $614,000 Stock Position in Western Alliance Bancorporation (NYSE:WAL)

Blackhawk Capital Partners LLC. trimmed its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,336 shares of the financial services provider's stock after selling 52,695 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in Western Alliance Bancorporation were worth $614,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Western Alliance Bancorporation by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,022,268 shares of the financial services provider's stock valued at $460,724,000 after buying an additional 74,824 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Western Alliance Bancorporation by 7.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,058,243 shares of the financial services provider's stock worth $360,829,000 after acquiring an additional 402,614 shares in the last quarter. BlackRock Inc. raised its stake in Western Alliance Bancorporation by 12.5% during the second quarter. BlackRock Inc. now owns 5,410,343 shares of the financial services provider's stock worth $197,315,000 after acquiring an additional 601,129 shares in the last quarter. Wellington Management Group LLP raised its stake in Western Alliance Bancorporation by 21.5% during the first quarter. Wellington Management Group LLP now owns 4,971,314 shares of the financial services provider's stock worth $411,724,000 after acquiring an additional 880,430 shares in the last quarter. Finally, State Street Corp raised its stake in Western Alliance Bancorporation by 44.4% during the first quarter. State Street Corp now owns 4,056,477 shares of the financial services provider's stock worth $144,167,000 after acquiring an additional 1,246,855 shares in the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Stock Down 0.0 %

NYSE WAL traded down $0.03 on Friday, reaching $64.19. The company had a trading volume of 1,016,138 shares, compared to its average volume of 1,460,741. The stock has a market capitalization of $7.07 billion, a P/E ratio of 9.81 and a beta of 1.46. The company's fifty day moving average is $60.90 and its 200 day moving average is $55.16. Western Alliance Bancorporation has a 52-week low of $11.35 and a 52-week high of $70.23. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 1.40.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.02). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $705.97 million. Western Alliance Bancorporation had a net margin of 16.74% and a return on equity of 16.33%. During the same quarter last year, the company earned $2.67 EPS. Sell-side analysts anticipate that Western Alliance Bancorporation will post 7.9 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.37 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.48 dividend on an annualized basis and a yield of 2.31%. Western Alliance Bancorporation's dividend payout ratio (DPR) is presently 22.63%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WAL. Truist Financial boosted their price target on Western Alliance Bancorporation from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, December 15th. StockNews.com cut Western Alliance Bancorporation from a "hold" rating to a "sell" rating in a report on Saturday, March 9th. Wells Fargo & Company restated an "equal weight" rating and set a $72.00 price target (up from $62.00) on shares of Western Alliance Bancorporation in a report on Tuesday, January 30th. Royal Bank of Canada increased their price target on Western Alliance Bancorporation from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Finally, Barclays began coverage on Western Alliance Bancorporation in a research report on Friday, March 8th. They set an "overweight" rating and a $91.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.59.

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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