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

Stifel Financial Corp boosted its stake in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,994 shares of the financial services provider's stock after purchasing an additional 7,294 shares during the period. Stifel Financial Corp owned about 0.09% of Western Alliance Bancorporation worth $8,103,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Western Alliance Bancorporation by 5.1% during the fourth quarter. Invesco Ltd. now owns 5,736,263 shares of the financial services provider's stock valued at $479,207,000 after purchasing an additional 278,041 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Western Alliance Bancorporation by 4.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,883,743 shares of the financial services provider's stock worth $157,369,000 after buying an additional 81,238 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Western Alliance Bancorporation by 55.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,814,745 shares of the financial services provider's stock valued at $151,604,000 after acquiring an additional 648,983 shares during the period. Norges Bank purchased a new stake in Western Alliance Bancorporation during the 4th quarter worth about $109,298,000. Finally, Principal Financial Group Inc. grew its stake in Western Alliance Bancorporation by 18.5% during the fourth quarter. Principal Financial Group Inc. now owns 609,941 shares of the financial services provider's stock valued at $50,954,000 after acquiring an additional 95,173 shares in the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WAL. DA Davidson reduced their target price on shares of Western Alliance Bancorporation from $106.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price objective on Western Alliance Bancorporation from $105.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. StockNews.com upgraded Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Stephens reiterated an "overweight" rating and set a $92.00 price target on shares of Western Alliance Bancorporation in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price objective on 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.62.

Western Alliance Bancorporation Stock Up 2.1 %

WAL stock traded up $1.45 during trading on Thursday, reaching $71.16. The stock had a trading volume of 529,049 shares, compared to its average volume of 1,215,551. The company has a market capitalization of $7.87 billion, a P/E ratio of 10.02, a PEG ratio of 0.63 and a beta of 1.29. The firm has a fifty day moving average price of $73.36 and a 200 day moving average price of $83.00. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a 1-year low of $56.70 and a 1-year high of $98.10.

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

Western Alliance Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. Western Alliance Bancorporation's payout ratio is 20.85%.

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.