Chicago Equity Partners LLC acquired a new stake in Western Alliance Bancorporation (NYSE:WAL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 41,110 shares of the financial services provider’s stock, valued at approximately $2,182,000.

Several other large investors have also recently bought and sold shares of WAL. BlackRock Inc. boosted its stake in Western Alliance Bancorporation by 7,273.7% during the first quarter. BlackRock Inc. now owns 4,338,702 shares of the financial services provider’s stock worth $212,988,000 after acquiring an additional 4,279,862 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Western Alliance Bancorporation by 38.3% during the second quarter. Westwood Holdings Group Inc. now owns 2,480,947 shares of the financial services provider’s stock worth $121,944,000 after acquiring an additional 686,665 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Western Alliance Bancorporation by 532.8% during the second quarter. Eagle Asset Management Inc. now owns 721,972 shares of the financial services provider’s stock worth $35,521,000 after acquiring an additional 607,885 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Western Alliance Bancorporation by 1,003.1% during the second quarter. Thrivent Financial For Lutherans now owns 572,292 shares of the financial services provider’s stock worth $28,157,000 after acquiring an additional 520,412 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in Western Alliance Bancorporation by 100.8% during the second quarter. Fiera Capital Corp now owns 768,693 shares of the financial services provider’s stock worth $37,820,000 after acquiring an additional 385,877 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Western Alliance Bancorporation (NYSE WAL) opened at $53.42 on Monday. 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 has a 1-year low of $42.32 and a 1-year high of $57.04. The firm has a market cap of $5,635.28, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.77.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. 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 prior year, the company posted $0.66 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. equities analysts forecast that Western Alliance Bancorporation will post 3.07 EPS for the current year.

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In other news, Chairman Robert Gary Sarver sold 100,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $48.37, for a total value of $4,837,000.00. Following the completion of the sale, the chairman now owns 54,000 shares in the company, valued at $2,611,980. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William S. Boyd sold 10,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $55.55, for a total transaction of $555,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,000 shares of company stock valued at $14,230,910. 7.95% of the stock is currently owned by corporate insiders.

Several research analysts recently issued reports on WAL shares. SunTrust Banks, Inc. started coverage on shares of Western Alliance Bancorporation in a research note on Friday, August 18th. They set a “buy” rating and a $59.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $57.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $58.00 price objective on shares of Western Alliance Bancorporation in a report on Friday, September 8th. Finally, Barclays PLC set a $62.00 price objective on shares of Western Alliance Bancorporation and gave the stock a “buy” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $62.06.

Western Alliance Bancorporation Company 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.

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

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