Foundry Partners LLC cut its position in Western Alliance Bancorporation (NYSE:WAL) by 23.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,084 shares of the financial services provider’s stock after selling 24,825 shares during the period. Foundry Partners LLC owned about 0.08% of Western Alliance Bancorporation worth $4,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WAL. Canada Pension Plan Investment Board bought a new stake in shares of Western Alliance Bancorporation during the third quarter worth $133,000. BNP Paribas Arbitrage SA increased its position in shares of Western Alliance Bancorporation by 72.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,531 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,060 shares in the last quarter. Winfield Associates Inc. increased its position in shares of Western Alliance Bancorporation by 0.6% during the second quarter. Winfield Associates Inc. now owns 3,420 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 20 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Western Alliance Bancorporation by 15.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,490 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 469 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Western Alliance Bancorporation during the third quarter worth $212,000. Institutional investors own 81.57% of the company’s stock.

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In related news, Director William S. Boyd sold 10,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $55.55, for a total value of $555,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Reoch Mcauslan sold 4,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $56.49, for a total transaction of $225,960.00. Following the completion of the transaction, the executive vice president now directly owns 23,200 shares of the company’s stock, valued at approximately $1,310,568. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,000 shares of company stock valued at $14,230,910. 7.95% of the stock is owned by insiders.

Western Alliance Bancorporation (WAL) opened at $56.45 on Tuesday. The firm has a market cap of $5,979.18, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.63 and a beta of 1.77. Western Alliance Bancorporation has a 12-month low of $36.48 and a 12-month high of $57.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89.

Western Alliance Bancorporation (NYSE:WAL) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $211.50 million during the quarter, compared to the consensus estimate of $212.27 million. Western Alliance Bancorporation had a net margin of 36.16% and a return on equity of 15.37%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. equities analysts forecast that Western Alliance Bancorporation will post 3.07 EPS for the current year.

Several equities research analysts have recently issued reports on WAL shares. BidaskClub raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC reissued 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. Zacks Investment Research raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $57.00 price objective on shares of Western Alliance Bancorporation in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. started coverage on shares of Western Alliance Bancorporation in a research report on Friday, August 18th. They set a “buy” rating and a $59.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $62.06.

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.

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

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