Epoch Investment Partners Inc. lifted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,334,209 shares of the financial services provider’s stock after purchasing an additional 85,640 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.26% of Western Alliance Bancorporation worth $75,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Moody Aldrich Partners LLC acquired a new stake in shares of Western Alliance Bancorporation during the 3rd quarter worth approximately $209,000. Fiduciary Trust Co. acquired a new stake in Western Alliance Bancorporation in the 2nd quarter valued at $215,000. Signition LP acquired a new stake in Western Alliance Bancorporation in the 3rd quarter valued at $236,000. Piedmont Investment Advisors Inc. boosted its stake in Western Alliance Bancorporation by 28,586.7% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 4,303 shares of the financial services provider’s stock valued at $245,000 after buying an additional 4,288 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Western Alliance Bancorporation in the 3rd quarter valued at $247,000. 84.80% of the stock is currently owned by institutional investors.

Shares of WAL stock opened at $43.34 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.96 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.01 and a beta of 1.49. Western Alliance Bancorporation has a one year low of $43.25 and a one year high of $64.06.

Western Alliance Bancorporation (NYSE:WAL) last issued its quarterly earnings data on Thursday, October 18th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Western Alliance Bancorporation had a return on equity of 17.27% and a net margin of 39.69%. The firm had revenue of $238.46 million during the quarter, compared to the consensus estimate of $247.04 million. During the same quarter in the previous year, the company posted $0.79 EPS. Research analysts expect that Western Alliance Bancorporation will post 4.09 earnings per share for the current fiscal year.

In other Western Alliance Bancorporation news, Director Michael Patriarca acquired 2,140 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was purchased at an average price of $46.78 per share, for a total transaction of $100,109.20. Following the transaction, the director now owns 8,875 shares in the company, valued at approximately $415,172.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.48% of the company’s stock.

WAL has been the topic of several recent analyst reports. Citigroup decreased their price target on Western Alliance Bancorporation from $69.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Barclays decreased their price target on Western Alliance Bancorporation from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 22nd. Zacks Investment Research raised Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Stephens reaffirmed a “buy” rating and issued a $68.00 price target on shares of Western Alliance Bancorporation in a research note on Friday, October 19th. Finally, Royal Bank of Canada decreased their price target on Western Alliance Bancorporation to $61.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Western Alliance Bancorporation currently has a consensus rating of “Buy” and a consensus target price of $64.80.

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Western Alliance Bancorporation Profile

Western Alliance Bancorporation operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts.

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

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