Stifel Financial Corp Has $8.10 Million Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

Stifel Financial Corp grew its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,994 shares of the financial services provider's stock after buying an additional 7,294 shares during the period. Stifel Financial Corp owned approximately 0.09% of Western Alliance Bancorporation worth $8,103,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Western Alliance Bancorporation in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC raised its holdings in 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 during the period. Fifth Third Bancorp boosted its holdings in shares of Western Alliance Bancorporation by 70.1% in the fourth quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider's stock valued at $28,000 after buying an additional 136 shares during the period. Allworth Financial LP boosted its holdings in shares of Western Alliance Bancorporation by 115.6% in the fourth quarter. Allworth Financial LP now owns 401 shares of the financial services provider's stock valued at $37,000 after buying an additional 215 shares during the period. Finally, Atala Financial Inc bought a new stake in shares of Western Alliance Bancorporation during the fourth quarter worth $44,000. Institutional investors own 79.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Stephens reissued an "overweight" rating and issued a $92.00 target price on shares of Western Alliance Bancorporation in a research report on Tuesday, April 22nd. Piper Sandler upped their price target on Western Alliance Bancorporation from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. DA Davidson decreased their price target on shares of Western Alliance Bancorporation from $106.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays cut their price objective on shares of Western Alliance Bancorporation from $107.00 to $97.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.62.

Western Alliance Bancorporation Stock Performance

Shares of WAL traded up $1.80 during midday trading on Friday, reaching $72.78. The stock had a trading volume of 1,123,598 shares, compared to its average volume of 1,217,585. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $72.81 and a 200-day simple moving average of $82.61. The firm has a market cap of $8.05 billion, a PE ratio of 10.25, a P/E/G ratio of 0.63 and a beta of 1.29. Western Alliance Bancorporation has a one year low of $56.70 and a one year high of $98.10.

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

Western Alliance Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. Western Alliance Bancorporation's dividend payout ratio (DPR) is 20.85%.

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.