Tdam USA Inc. raised its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 21.7% during the second quarter, Holdings Channel reports. The fund owned 36,737 shares of the financial services provider’s stock after buying an additional 6,544 shares during the period. Tdam USA Inc.’s holdings in Western Alliance Bancorporation were worth $1,807,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Western Alliance Bancorporation during the fourth quarter worth about $1,525,000. Guggenheim Capital LLC boosted its stake in shares of Western Alliance Bancorporation by 52.8% in the fourth quarter. Guggenheim Capital LLC now owns 20,666 shares of the financial services provider’s stock worth $1,007,000 after buying an additional 7,141 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Western Alliance Bancorporation during the first quarter worth about $200,000. Mountain Pacific Investment Advisers Inc. ID boosted its stake in shares of Western Alliance Bancorporation by 3.8% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 240,054 shares of the financial services provider’s stock worth $11,784,000 after buying an additional 8,754 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its stake in shares of Western Alliance Bancorporation by 17.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,611 shares of the financial services provider’s stock worth $815,000 after buying an additional 2,478 shares during the last quarter. 84.45% of the stock is owned by institutional investors.

Shares of Western Alliance Bancorporation (WAL) opened at 50.42 on Tuesday. Western Alliance Bancorporation has a 52-week low of $34.48 and a 52-week high of $53.84. The company’s 50-day moving average is $49.36 and its 200 day moving average is $48.95. The company has a market cap of $5.25 billion, a PE ratio of 18.21 and a beta of 1.73.

Western Alliance Bancorporation (NYSE:WAL) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. The business had revenue of $203.19 million during the quarter, compared to analyst estimates of $203.71 million. Western Alliance Bancorporation had a return on equity of 15.23% and a net margin of 35.67%. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, analysts anticipate that Western Alliance Bancorporation will post $3.04 EPS for the current year.

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A number of equities research analysts have recently issued reports on WAL shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 target price on shares of Western Alliance Bancorporation in a research report on Monday, April 10th. Zacks Investment Research cut shares of Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $58.00 price objective on shares of Western Alliance Bancorporation in a research report on Friday, May 5th. BidaskClub cut shares of Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $59.00 price objective (up previously from $58.00) on shares of Western Alliance Bancorporation in a research report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.20.

In other Western Alliance Bancorporation news, Chairman Robert Gary Sarver sold 65,448 shares of Western Alliance Bancorporation stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $50.39, for a total transaction of $3,297,924.72. Following the completion of the transaction, the chairman now owns 54,000 shares of the company’s stock, valued at approximately $2,721,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.95% of the stock is owned by insiders.

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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