Western Alliance Bancorporation (NYSE:WAL) Stock Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,203 shares of the financial services provider's stock after acquiring an additional 824,636 shares during the quarter. Dimensional Fund Advisors LP owned about 2.24% of Western Alliance Bancorporation worth $161,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. WCM Investment Management LLC bought a new stake in Western Alliance Bancorporation in the fourth quarter worth $12,387,000. Smead Capital Management Inc. bought a new stake in Western Alliance Bancorporation during the 4th quarter valued at about $77,957,000. Strs Ohio raised its holdings in Western Alliance Bancorporation by 35.3% in the fourth quarter. Strs Ohio now owns 86,600 shares of the financial services provider's stock worth $5,697,000 after buying an additional 22,600 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Western Alliance Bancorporation by 170.4% in the third quarter. Invesco Ltd. now owns 1,294,476 shares of the financial services provider's stock worth $59,507,000 after buying an additional 815,737 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its holdings in shares of Western Alliance Bancorporation by 16.7% during the third quarter. Dark Forest Capital Management LP now owns 11,976 shares of the financial services provider's stock valued at $551,000 after buying an additional 1,713 shares during the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.

Western Alliance Bancorporation Trading Up 0.8 %

Shares of WAL traded up $0.54 during mid-day trading on Friday, reaching $64.99. The stock had a trading volume of 531,968 shares, compared to its average volume of 1,334,776. Western Alliance Bancorporation has a 52-week low of $32.70 and a 52-week high of $70.23. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 9.51 and a beta of 1.47. The business's fifty day moving average is $60.22 and its 200 day moving average is $58.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.87.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.03. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $711.34 million. Western Alliance Bancorporation had a return on equity of 14.77% and a net margin of 16.50%. During the same period last year, the company earned $2.30 EPS. On average, sell-side analysts predict that Western Alliance Bancorporation will post 7.44 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, May 15th. Western Alliance Bancorporation's dividend payout ratio is currently 21.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Western Alliance Bancorporation in a research report on Wednesday, May 8th. Wells Fargo & Company lowered their price objective on shares of Western Alliance Bancorporation from $72.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 10th. Hovde Group assumed coverage on Western Alliance Bancorporation in a research note on Monday, April 22nd. They issued an "outperform" rating and a $75.00 price target on the stock. Citigroup increased their target price on Western Alliance Bancorporation from $76.00 to $82.00 and gave the company a "buy" rating in a report on Monday, January 29th. Finally, Barclays dropped their target price on Western Alliance Bancorporation from $91.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.47.

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.