14,472 Shares in Western Alliance Bancorporation (NYSE:WAL) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in shares of Western Alliance Bancorporation (NYSE:WAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,472 shares of the financial services provider’s stock, valued at approximately $1,209,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nicholas Investment Partners LP raised its stake in shares of Western Alliance Bancorporation by 12.7% in the 4th quarter. Nicholas Investment Partners LP now owns 174,582 shares of the financial services provider’s stock valued at $14,585,000 after purchasing an additional 19,639 shares during the period. Janus Henderson Group PLC raised its stake in shares of Western Alliance Bancorporation by 23.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,341,553 shares of the financial services provider’s stock valued at $195,616,000 after purchasing an additional 445,176 shares during the period. Focus Partners Wealth raised its stake in shares of Western Alliance Bancorporation by 5.2% in the 4th quarter. Focus Partners Wealth now owns 99,080 shares of the financial services provider’s stock valued at $8,277,000 after purchasing an additional 4,909 shares during the period. Deutsche Bank AG raised its stake in shares of Western Alliance Bancorporation by 7.9% in the 4th quarter. Deutsche Bank AG now owns 6,014 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 442 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Western Alliance Bancorporation in the 4th quarter valued at about $7,309,000. Institutional investors and hedge funds own 79.15% of the company’s stock.

Western Alliance Bancorporation Trading Down 0.1%

Shares of NYSE:WAL opened at $78.31 on Monday. Western Alliance Bancorporation has a 12-month low of $56.70 and a 12-month high of $98.10. The stock has a market cap of $8.65 billion, a PE ratio of 11.03, a P/E/G ratio of 0.63 and a beta of 1.30. The business has a 50 day moving average of $71.85 and a 200-day moving average of $82.10. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.79 earnings per share (EPS) 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 company had revenue of $790.10 million during the quarter, compared to analysts’ expectations of $792.25 million. During the same quarter in the previous year, the company posted $1.72 earnings per share. As a group, equities research analysts forecast that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 15th. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 20.85%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WAL. Piper Sandler lifted their target price on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and issued a $92.00 target price on shares of Western Alliance Bancorporation in a research report on Tuesday, April 22nd. Truist Financial began coverage on Western Alliance Bancorporation in a research report on Tuesday, May 13th. They issued a “buy” rating and a $92.00 target price on the stock. Barclays lowered their target price on 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. Finally, DA Davidson lowered their target price on Western Alliance Bancorporation from $106.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.