KBC Group NV Has $233,000 Holdings in Western Alliance Bancorporation $WAL

KBC Group NV trimmed its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 39.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,991 shares of the financial services provider’s stock after selling 1,949 shares during the period. KBC Group NV’s holdings in Western Alliance Bancorporation were worth $233,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Western Alliance Bancorporation by 995.8% in the second quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider’s stock worth $41,000 after buying an additional 478 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Western Alliance Bancorporation in the first quarter worth approximately $58,000. National Bank of Canada FI increased its stake in shares of Western Alliance Bancorporation by 22.7% during the 1st quarter. National Bank of Canada FI now owns 763 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 141 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Western Alliance Bancorporation by 1,614.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,269 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Western Alliance Bancorporation by 14.8% in the 2nd quarter. Signaturefd LLC now owns 1,654 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Up 0.2%

WAL opened at $73.98 on Wednesday. The business has a 50 day moving average of $81.88 and a 200-day moving average of $80.33. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.52 and a beta of 1.45. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation has a 1-year low of $57.05 and a 1-year high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $718.00 million for the quarter. Western Alliance Bancorporation had a net margin of 17.14% and a return on equity of 12.93%. As a group, sell-side analysts anticipate that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.42 per share. This is an increase from Western Alliance Bancorporation’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 13th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 20.77%.

Analyst Upgrades and Downgrades

WAL has been the topic of several analyst reports. Weiss Ratings downgraded shares of Western Alliance Bancorporation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Truist Financial increased their price objective on Western Alliance Bancorporation from $92.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen assumed coverage on Western Alliance Bancorporation in a research note on Thursday, September 25th. They issued a “buy” rating and a $118.00 price objective on the stock. Royal Bank Of Canada upped their target price on Western Alliance Bancorporation from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Western Alliance Bancorporation from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.53.

Insider Buying and Selling at Western Alliance Bancorporation

In other news, CFO Dale Gibbons bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $77.00 per share, with a total value of $308,000.00. Following the completion of the transaction, the chief financial officer directly owned 300,358 shares in the company, valued at $23,127,566. This represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.68% of the company’s stock.

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.