Western Alliance Bancorporation (NYSE:WAL) Shares Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp boosted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 2,117.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,734 shares of the financial services provider’s stock after acquiring an additional 10,250 shares during the quarter. Toth Financial Advisory Corp’s holdings in Western Alliance Bancorporation were worth $928,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WAL. Allspring Global Investments Holdings LLC acquired a new stake in shares of Western Alliance Bancorporation during the first quarter worth about $27,000. V Square Quantitative Management LLC acquired a new stake in Western Alliance Bancorporation during the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC lifted its position in Western Alliance Bancorporation by 57.4% during the first quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 183 shares during the period. ORG Wealth Partners LLC purchased a new stake in Western Alliance Bancorporation in the third quarter valued at $33,000. Finally, ORG Partners LLC acquired a new stake in Western Alliance Bancorporation during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Western Alliance Bancorporation Price Performance

NYSE:WAL opened at $80.49 on Tuesday. The stock has a 50 day moving average of $82.73 and a two-hundred day moving average of $70.79. Western Alliance Bancorporation has a 12 month low of $38.81 and a 12 month high of $94.28. The firm has a market cap of $8.86 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.44. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07.

Western Alliance Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, August 16th. Western Alliance Bancorporation’s payout ratio is 22.84%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Western Alliance Bancorporation from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday. Truist Financial lowered their price objective on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $83.00 to $101.00 in a report on Monday, October 7th. Bank of America increased their price target on shares of Western Alliance Bancorporation from $82.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Barclays lifted their price objective on shares of Western Alliance Bancorporation from $86.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Western Alliance Bancorporation has an average rating of “Moderate Buy” and an average price target of $91.73.

Insider Activity at Western Alliance Bancorporation

In other news, insider Barbara Kennedy sold 11,083 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $81.59, for a total transaction of $904,261.97. Following the completion of the sale, the insider now owns 7,977 shares of the company’s stock, valued at $650,843.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Western Alliance Bancorporation news, insider Stephen Russell Curley sold 5,070 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.43, for a total value of $387,500.10. Following the transaction, the insider now directly owns 36,718 shares of the company’s stock, valued at $2,806,356.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Barbara Kennedy sold 11,083 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $81.59, for a total value of $904,261.97. Following the completion of the sale, the insider now owns 7,977 shares of the company’s stock, valued at $650,843.43. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,149 shares of company stock valued at $1,539,681. 2.75% of the stock is owned by insiders.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.