U.S. Capital Wealth Advisors LLC Purchases Shares of 33,952 Western Alliance Bancorporation (NYSE:WAL)

U.S. Capital Wealth Advisors LLC acquired a new position in Western Alliance Bancorporation (NYSE:WAL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 33,952 shares of the financial services provider’s stock, valued at approximately $2,836,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WAL. Fifth Third Bancorp increased its stake in Western Alliance Bancorporation by 70.1% in the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 136 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Western Alliance Bancorporation in the third quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of Western Alliance Bancorporation in the third quarter worth $33,000. UMB Bank n.a. raised its holdings in Western Alliance Bancorporation by 136.8% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock valued at $37,000 after buying an additional 249 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Western Alliance Bancorporation by 58.4% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $44,000 after buying an additional 187 shares during the period. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Trading Down 1.7 %

Shares of NYSE WAL opened at $87.84 on Monday. Western Alliance Bancorporation has a 1 year low of $53.75 and a 1 year high of $98.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.82. The firm has a 50-day moving average of $87.96 and a 200 day moving average of $84.52. The stock has a market cap of $9.67 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.46.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Monday, January 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. As a group, sell-side analysts expect that Western Alliance Bancorporation will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WAL. DA Davidson lowered their price objective on shares of Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays upped their price target on Western Alliance Bancorporation from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Truist Financial dropped their price target on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.07.

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.