GSA Capital Partners LLP Acquires 13,835 Shares of Western Alliance Bancorporation $WAL

GSA Capital Partners LLP raised its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 535.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,420 shares of the financial services provider’s stock after purchasing an additional 13,835 shares during the period. GSA Capital Partners LLP’s holdings in Western Alliance Bancorporation were worth $1,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Western Alliance Bancorporation during the third quarter valued at approximately $27,000. Community Bank N.A. purchased a new stake in shares of Western Alliance Bancorporation during the third quarter valued at approximately $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Western Alliance Bancorporation by 113.0% during the third quarter. Smartleaf Asset Management LLC now owns 443 shares of the financial services provider’s stock valued at $39,000 after buying an additional 235 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Western Alliance Bancorporation during the fourth quarter valued at approximately $45,000. Finally, Allworth Financial LP grew its holdings in shares of Western Alliance Bancorporation by 39.3% during the fourth quarter. Allworth Financial LP now owns 557 shares of the financial services provider’s stock valued at $47,000 after buying an additional 157 shares during the last quarter. Institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Trading Up 1.3%

Shares of WAL stock opened at $77.12 on Thursday. Western Alliance Bancorporation has a 12-month low of $65.82 and a 12-month high of $97.23. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $74.73 and its 200 day moving average is $81.69. The stock has a market capitalization of $8.42 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.58 and a beta of 1.37.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. Western Alliance Bancorporation had a net margin of 17.03% and a return on equity of 13.58%. The company had revenue of $968.40 million for the quarter, compared to analysts’ expectations of $944.18 million. During the same quarter last year, the company posted $1.79 earnings per share. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. Research analysts expect that Western Alliance Bancorporation will post 9.87 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a $0.42 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.68 annualized dividend and a yield of 2.2%. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 19.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WAL shares. Citigroup cut their price target on shares of Western Alliance Bancorporation from $103.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. TD Cowen cut shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Monday, March 9th. Jefferies Financial Group reiterated an “overweight” rating and set a $105.00 price target on shares of Western Alliance Bancorporation in a report on Friday, March 6th. National Alliance Securities reiterated a “buy” rating on shares of Western Alliance Bancorporation in a report on Friday, March 6th. Finally, Barclays cut their price target on shares of Western Alliance Bancorporation from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.93.

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.