CIBC World Markets Inc. acquired a new stake in Western Alliance Bancorporation (NYSE:WAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,150 shares of the financial services provider’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Western Alliance Bancorporation in the 4th quarter valued at about $124,000. Canada Pension Plan Investment Board acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth about $133,000. MAI Capital Management acquired a new stake in shares of Western Alliance Bancorporation during the 4th quarter worth about $208,000. Dearborn Partners LLC acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth about $205,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth about $212,000. 81.59% of the stock is owned by institutional investors.

In other Western Alliance Bancorporation news, Director Marianne Boyd Johnson sold 4,000 shares of Western Alliance Bancorporation 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Randall S. Theisen sold 2,942 shares of Western Alliance Bancorporation stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $59.00, for a total transaction of $173,578.00. Following the completion of the sale, the executive vice president now owns 39,321 shares of the company’s stock, valued at approximately $2,319,939. The disclosure for this sale can be found here. Insiders sold a total of 9,942 shares of company stock valued at $560,338 in the last quarter. Corporate insiders own 7.95% of the company’s stock.

Shares of Western Alliance Bancorporation (NYSE:WAL) opened at $58.91 on Thursday. Western Alliance Bancorporation has a 12 month low of $44.64 and a 12 month high of $60.71. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6,050.73, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.63.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. Western Alliance Bancorporation had a net margin of 36.56% and a return on equity of 15.82%. The business had revenue of $224.72 million during the quarter, compared to analysts’ expectations of $225.19 million. During the same quarter in the previous year, the company earned $0.70 EPS. equities analysts expect that Western Alliance Bancorporation will post 3.99 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on WAL. Sandler O’Neill restated a “buy” rating and set a $69.00 target price on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. SunTrust Banks restated a “buy” rating and set a $70.00 target price on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. Royal Bank of Canada restated a “buy” rating and set a $68.00 target price on shares of Western Alliance Bancorporation in a research note on Friday, January 26th. DA Davidson restated a “buy” rating on shares of Western Alliance Bancorporation in a research note on Friday, January 26th. Finally, Wells Fargo & Co upgraded shares of Western Alliance Bancorporation from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.59.

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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.

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

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