M&T Bank Corp Purchases 311,689 Shares of Western Alliance Bancorporation $WAL

M&T Bank Corp boosted its position in Western Alliance Bancorporation (NYSE:WAL) by 7,920.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 315,624 shares of the financial services provider’s stock after acquiring an additional 311,689 shares during the period. M&T Bank Corp’s holdings in Western Alliance Bancorporation were worth $26,535,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management increased its holdings in shares of Western Alliance Bancorporation by 4.6% during the fourth quarter. Ritholtz Wealth Management now owns 3,030 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 133 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Western Alliance Bancorporation by 1.0% during the third quarter. Silver Oak Securities Incorporated now owns 14,318 shares of the financial services provider’s stock valued at $1,242,000 after acquiring an additional 138 shares in the last quarter. Salzhauer Michael increased its holdings in shares of Western Alliance Bancorporation by 0.3% during the third quarter. Salzhauer Michael now owns 44,815 shares of the financial services provider’s stock valued at $3,886,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Western Alliance Bancorporation by 6.1% during the fourth quarter. GAMMA Investing LLC now owns 2,732 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 158 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of Western Alliance Bancorporation by 2.4% during the third quarter. Ethic Inc. now owns 6,955 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 161 shares in the last quarter. 79.15% of the stock is currently owned by institutional investors.

More Western Alliance Bancorporation News

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Q1 results materially beat expectations: EPS $2.22 vs. Street $1.48 and revenue $968.4M (up 31% YoY), with solid margins and ROE — a primary catalyst for the rally. Read More.
• Positive Sentiment: DA Davidson reaffirmed a “buy” and set a $93 price target (~19% upside vs. current price), which supports further upside from analyst momentum. Read More.
• Positive Sentiment: Street commentary and coverage (Zacks, MSN, MarketBeat) emphasize the beat on both revenue and EPS, reinforcing short-term bullish sentiment. Read More.
• Neutral Sentiment: Management commentary and details live in the Q1 earnings transcript — investors should read the call for guidance, credit trends and margin outlook. Read More.
• Neutral Sentiment: Analysts and outlets are dissecting key metrics vs. estimates (loan growth, deposits, NII, provisions); these deeper reads will drive next moves once guidance/forward commentary is digested. Read More.
• Negative Sentiment: Riverwater Sustainable Value Strategy exited its WAL holding in Q1 — a reminder some funds are trimming exposure, which could pressure flows if others follow. Read More.

Wall Street Analysts Forecast Growth

WAL has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Western Alliance Bancorporation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. DA Davidson restated a “buy” rating and set a $93.00 price objective on shares of Western Alliance Bancorporation in a report on Wednesday. iA Financial set a $101.00 price objective on shares of Western Alliance Bancorporation in a report on Wednesday, January 28th. Wells Fargo & Company upgraded shares of Western Alliance Bancorporation from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $83.00 to $79.00 in a report on Monday, March 9th. Finally, National Alliance Securities restated a “buy” rating on shares of Western Alliance Bancorporation in a report on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.36.

Western Alliance Bancorporation Price Performance

Shares of NYSE WAL opened at $78.20 on Thursday. The business’s 50 day moving average price is $77.53 and its 200 day moving average price is $81.60. The firm has a market cap of $8.59 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.69 and a beta of 1.37. Western Alliance Bancorporation has a 52 week low of $65.82 and a 52 week high of $97.23. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.83.

Western Alliance Bancorporation (NYSE:WAL) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. The firm had revenue of $968.40 million for the quarter, compared to analyst estimates of $944.18 million. Western Alliance Bancorporation had a return on equity of 13.69% and a net margin of 17.03%.Western Alliance Bancorporation’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. On average, sell-side analysts expect that Western Alliance Bancorporation will post 9.74 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were given a $0.42 dividend. The ex-dividend date was Friday, February 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.1%. Western Alliance Bancorporation’s dividend payout ratio is currently 19.24%.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.