Western Alliance Bancorporation (WAL) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors lessened its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,801 shares of the financial services provider’s stock after selling 2,260 shares during the quarter. Nationwide Fund Advisors owned about 0.13% of Western Alliance Bancorporation worth $7,049,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WAL. Aperio Group LLC boosted its position in shares of Western Alliance Bancorporation by 8.3% during the 2nd quarter. Aperio Group LLC now owns 15,769 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,206 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Western Alliance Bancorporation by 32.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 189,896 shares of the financial services provider’s stock worth $9,347,000 after purchasing an additional 46,758 shares in the last quarter. NGAM Advisors L.P. boosted its position in shares of Western Alliance Bancorporation by 7.8% during the 2nd quarter. NGAM Advisors L.P. now owns 17,790 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 1,285 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Western Alliance Bancorporation by 4.0% during the 2nd quarter. TD Asset Management Inc. now owns 114,558 shares of the financial services provider’s stock worth $5,636,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Western Alliance Bancorporation by 27.1% during the 2nd quarter. Trexquant Investment LP now owns 7,623 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,623 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors.

Shares of Western Alliance Bancorporation (NYSE WAL) traded up $0.27 during midday trading on Monday, reaching $58.97. 690,500 shares of the company traded hands, compared to its average volume of 645,996. Western Alliance Bancorporation has a twelve month low of $44.64 and a twelve month high of $60.25. The company has a market cap of $6,150.00, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89.

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

Several equities analysts recently weighed in on the stock. SunTrust Banks raised their price target on shares of Western Alliance Bancorporation from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. DA Davidson reaffirmed a “buy” rating and issued a $64.00 price target on shares of Western Alliance Bancorporation in a research report on Monday, October 23rd. Barclays set a $65.00 price target on shares of Western Alliance Bancorporation and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Western Alliance Bancorporation in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.06.

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

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Western Alliance Bancorporation Profile

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.

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

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