Mitsubishi UFJ Trust & Banking Corp Sells 211 Shares of Western Alliance Bancorporation (NYSE:WAL)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,612 shares of the financial services provider’s stock after selling 211 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Western Alliance Bancorporation were worth $469,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE increased its position in Western Alliance Bancorporation by 17.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 30,437 shares of the financial services provider’s stock worth $2,543,000 after purchasing an additional 4,439 shares during the last quarter. LPL Financial LLC raised its position in Western Alliance Bancorporation by 7.5% during the fourth quarter. LPL Financial LLC now owns 146,303 shares of the financial services provider’s stock valued at $12,222,000 after purchasing an additional 10,245 shares during the period. Harbor Advisors LLC boosted its holdings in shares of Western Alliance Bancorporation by 40.0% in the 4th quarter. Harbor Advisors LLC now owns 7,000 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 2,000 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Western Alliance Bancorporation during the 4th quarter valued at approximately $1,771,000. Finally, American Century Companies Inc. increased its position in shares of Western Alliance Bancorporation by 1.1% during the 4th quarter. American Century Companies Inc. now owns 364,320 shares of the financial services provider’s stock valued at $30,435,000 after purchasing an additional 4,057 shares during the last quarter. Institutional investors own 79.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on WAL shares. DA Davidson lowered their price target on Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $103.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday, January 28th. StockNews.com raised shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on Western Alliance Bancorporation from $102.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with 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 a consensus target price of $98.07.

Western Alliance Bancorporation Trading Down 1.6 %

NYSE WAL opened at $75.60 on Wednesday. The company’s 50-day simple moving average is $83.85 and its two-hundred day simple moving average is $85.96. Western Alliance Bancorporation has a one year low of $53.75 and a one year high of $98.10. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.85.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. Equities analysts forecast that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Western Alliance Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s payout ratio is currently 21.41%.

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.