Great Lakes Advisors LLC Reduces Holdings in Western Alliance Bancorporation $WAL

Great Lakes Advisors LLC lowered its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 27.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,034 shares of the financial services provider’s stock after selling 41,402 shares during the period. Great Lakes Advisors LLC’s holdings in Western Alliance Bancorporation were worth $9,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Western Alliance Bancorporation during the 3rd quarter worth approximately $26,000. Quent Capital LLC purchased a new position in Western Alliance Bancorporation during the third quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in shares of Western Alliance Bancorporation in the third quarter worth $27,000. Root Financial Partners LLC purchased a new stake in shares of Western Alliance Bancorporation in the third quarter valued at $27,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Western Alliance Bancorporation by 995.8% in the second quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Stock Performance

NYSE:WAL opened at $90.06 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $9.91 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.54 and a beta of 1.34. Western Alliance Bancorporation has a fifty-two week low of $57.05 and a fifty-two week high of $93.81. The firm’s 50 day moving average is $86.11 and its two-hundred day moving average is $83.75.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Monday, January 26th. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.19. The company had revenue of $913.50 million during the quarter, compared to analysts’ expectations of $912.69 million. Western Alliance Bancorporation had a net margin of 18.04% and a return on equity of 13.33%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. Analysts expect that Western Alliance Bancorporation will post 9.05 EPS for the current year.

Western Alliance Bancorporation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.42 per share. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, November 13th. Western Alliance Bancorporation’s payout ratio is currently 19.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays boosted their target price on shares of Western Alliance Bancorporation from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Citigroup reiterated a “neutral” rating on shares of Western Alliance Bancorporation in a report on Thursday. Truist Financial set a $98.00 price objective on shares of Western Alliance Bancorporation in a research report on Friday, January 9th. Industrial Alliance Securities set a $101.00 price objective on shares of Western Alliance Bancorporation in a research note on Wednesday. Finally, TD Cowen lowered their target price on shares of Western Alliance Bancorporation from $109.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.60.

Trending Headlines about Western Alliance Bancorporation

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Jefferies raised its price target to $110 and kept a “buy” rating, implying ~22% upside from current levels — a bullish analyst call supporting the rally. Article Title Article Title
• Positive Sentiment: DA Davidson bumped its target to $105 and reiterated a “buy” rating, adding to buy?side momentum after WAL’s Q4 beat. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its target to $101 and kept an “outperform” view, another upgrade that reinforces the positive analyst sentiment. Article Title Article Title
• Positive Sentiment: Company Q4 detail: management reported record loan and deposit growth and rising fee income that helped drive revenue momentum — these fundamentals support the analyst upgrades. Article Title Article Title
• Neutral Sentiment: JPMorgan reportedly reaffirmed a “neutral” stance while nudging its price target up to $105 (from $100), which is essentially a mixed signal — price target higher but no upgrade in conviction. Article Title
• Negative Sentiment: Separate JPMorgan notes flagged concerns about rising earnings?credit rates and higher deposit costs, leading to downgrade/negative coverage in some reports; this highlights margin pressure and keeps downside risk for WAL. Article Title

Western Alliance Bancorporation Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.