US Bancorp DE trimmed its position in Western Alliance Bancorporation (NYSE:WAL) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,933 shares of the financial services provider’s stock after selling 438 shares during the period. US Bancorp DE’s holdings in Western Alliance Bancorporation were worth $1,597,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Private Capital Group LLC lifted its position in shares of Western Alliance Bancorporation by 69.6% during the 1st quarter. Private Capital Group LLC now owns 1,611 shares of the financial services provider’s stock valued at $66,000 after buying an additional 661 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Western Alliance Bancorporation by 94,800.0% during the 4th quarter. Toronto Dominion Bank now owns 1,898 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,896 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Western Alliance Bancorporation during the 1st quarter valued at about $184,000. Comerica Bank lifted its position in shares of Western Alliance Bancorporation by 7.3% during the 1st quarter. Comerica Bank now owns 5,902 shares of the financial services provider’s stock valued at $256,000 after buying an additional 403 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Western Alliance Bancorporation during the 1st quarter valued at about $268,000. 82.87% of the stock is currently owned by institutional investors and hedge funds.

WAL traded up $1.40 on Tuesday, hitting $43.47. 5,713 shares of the company’s stock traded hands, compared to its average volume of 581,947. The company has a market capitalization of $4.30 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. Western Alliance Bancorporation has a one year low of $37.39 and a one year high of $64.06. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.14.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Monday, April 22nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $266.48 million. Western Alliance Bancorporation had a return on equity of 17.84% and a net margin of 40.08%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Equities research analysts predict that Western Alliance Bancorporation will post 4.74 earnings per share for the current year.

In other Western Alliance Bancorporation news, EVP Robert Reoch Mcauslan sold 2,000 shares of Western Alliance Bancorporation stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $44.97, for a total value of $89,940.00. Following the sale, the executive vice president now owns 15,611 shares of the company’s stock, valued at approximately $702,026.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Gary Sarver sold 66,351 shares of Western Alliance Bancorporation stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $46.71, for a total value of $3,099,255.21. Following the completion of the sale, the insider now directly owns 59,504 shares in the company, valued at approximately $2,779,431.84. The disclosure for this sale can be found here. 7.72% of the stock is currently owned by company insiders.

WAL has been the topic of a number of analyst reports. Wells Fargo & Co lifted their price objective on Western Alliance Bancorporation from $53.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, March 6th. Finally, ValuEngine raised Western Alliance Bancorporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.88.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/us-bancorp-de-reduces-holdings-in-western-alliance-bancorporation-wal/3031386.html.

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts.

Read More: Why is Cost of Capital Important?

Want to see what other hedge funds are holding WAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Alliance Bancorporation (NYSE:WAL).

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

Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.