Western Alliance Bancorporation (WAL) To Go Ex-Dividend on May 14th

Western Alliance Bancorporation (NYSE:WAL) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.42 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, May 14th.

Western Alliance Bancorporation has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Western Alliance Bancorporation has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western Alliance Bancorporation to earn $11.63 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 14.4%.

Western Alliance Bancorporation Stock Performance

Western Alliance Bancorporation stock opened at $80.88 on Friday. The company’s 50-day moving average price is $75.93 and its 200-day moving average price is $81.53. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The company has a market cap of $8.79 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. Western Alliance Bancorporation has a twelve month low of $65.82 and a twelve month high of $97.23.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. The firm had revenue of $968.40 million during the quarter, compared to the consensus estimate of $944.18 million. Western Alliance Bancorporation had a net margin of 17.03% and a return on equity of 13.58%. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 EPS. On average, equities research analysts forecast that Western Alliance Bancorporation will post 9.92 EPS for the current fiscal year.

Institutional Trading of Western Alliance Bancorporation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC bought a new position in shares of Western Alliance Bancorporation in the third quarter worth about $26,000. Salomon & Ludwin LLC bought a new stake in Western Alliance Bancorporation during the 3rd quarter valued at about $27,000. Root Financial Partners LLC purchased a new stake in Western Alliance Bancorporation in the 3rd quarter valued at about $27,000. Clearstead Advisors LLC grew its stake in Western Alliance Bancorporation by 144.6% in the 4th quarter. Clearstead Advisors LLC now owns 411 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 243 shares in the last quarter. Finally, Community Bank N.A. bought a new position in Western Alliance Bancorporation in the 3rd quarter worth about $37,000. 79.15% of the stock is currently owned by institutional investors.

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.