Western Alliance Bancorporation (WAL) Shares Bought by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC raised its holdings in Western Alliance Bancorporation (NYSE:WAL) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,879,593 shares of the financial services provider’s stock after purchasing an additional 3,781 shares during the quarter. Western Alliance Bancorporation accounts for 1.2% of NWQ Investment Management Company LLC’s holdings, making the stock its 13th largest holding. NWQ Investment Management Company LLC owned 1.78% of Western Alliance Bancorporation worth $99,769,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WAL. Westwood Holdings Group Inc. raised its position in Western Alliance Bancorporation by 38.3% in the second quarter. Westwood Holdings Group Inc. now owns 2,480,947 shares of the financial services provider’s stock valued at $121,944,000 after purchasing an additional 686,665 shares during the period. Eagle Asset Management Inc. raised its position in Western Alliance Bancorporation by 532.8% in the second quarter. Eagle Asset Management Inc. now owns 721,972 shares of the financial services provider’s stock valued at $35,521,000 after purchasing an additional 607,885 shares during the period. Thrivent Financial For Lutherans raised its position in Western Alliance Bancorporation by 1,003.1% in the second quarter. Thrivent Financial For Lutherans now owns 572,292 shares of the financial services provider’s stock valued at $28,157,000 after purchasing an additional 520,412 shares during the period. Westfield Capital Management Co. LP raised its position in Western Alliance Bancorporation by 78.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,114,177 shares of the financial services provider’s stock valued at $59,141,000 after purchasing an additional 489,157 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of Western Alliance Bancorporation by 100.8% in the 2nd quarter. Fiera Capital Corp now owns 768,693 shares of the financial services provider’s stock valued at $37,820,000 after buying an additional 385,877 shares during the period. Institutional investors own 81.82% of the company’s stock.

Western Alliance Bancorporation (WAL) traded down $0.78 during mid-day trading on Wednesday, hitting $58.14. The company had a trading volume of 670,100 shares, compared to its average volume of 647,709. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $6,215.48, a P/E ratio of 19.97, a PEG ratio of 1.69 and a beta of 1.76. Western Alliance Bancorporation has a 52-week low of $44.64 and a 52-week high of $60.25.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a return on equity of 15.37% and a net margin of 36.16%. The firm had revenue of $211.50 million for the quarter, compared to the consensus estimate of $212.27 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. sell-side analysts expect that Western Alliance Bancorporation will post 3.07 EPS for the current fiscal year.

In other Western Alliance Bancorporation news, CEO Robert Gary Sarver sold 100,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $55.22, for a total transaction of $5,522,000.00. Following the sale, the chief executive officer now owns 54,000 shares in the company, valued at approximately $2,981,880. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marianne Boyd Johnson sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $54.42, for a total value of $217,680.00. Following the sale, the director now owns 3,295 shares in the company, valued at approximately $179,313.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,000 shares of company stock worth $9,611,590. 7.95% of the stock is owned by company insiders.

Several research firms recently issued reports on WAL. Piper Jaffray Companies reiterated a “buy” rating and issued a $64.50 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, October 24th. Barclays set a $65.00 price objective on Western Alliance Bancorporation and gave the company a “buy” rating in a report on Monday, October 23rd. BidaskClub downgraded Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, September 5th. Finally, SunTrust Banks began coverage on Western Alliance Bancorporation in a report on Friday, August 18th. They issued a “buy” rating and a $59.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $62.06.

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About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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