Squarepoint Ops LLC Has $5.30 Million Holdings in Western Alliance Bancorporation (WAL)

Squarepoint Ops LLC boosted its position in shares of Western Alliance Bancorporation (NYSE:WAL) by 264.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,116 shares of the financial services provider’s stock after purchasing an additional 97,340 shares during the period. Squarepoint Ops LLC’s holdings in Western Alliance Bancorporation were worth $5,296,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Paradigm Asset Management Co. LLC purchased a new position in Western Alliance Bancorporation during the third quarter worth about $54,000. Toronto Dominion Bank raised its stake in Western Alliance Bancorporation by 94,800.0% during the fourth quarter. Toronto Dominion Bank now owns 1,898 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,896 shares during the period. Cerebellum GP LLC raised its stake in Western Alliance Bancorporation by 32.7% during the fourth quarter. Cerebellum GP LLC now owns 4,180 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 1,030 shares during the period. First Interstate Bank raised its stake in Western Alliance Bancorporation by 5.0% during the fourth quarter. First Interstate Bank now owns 5,925 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 280 shares during the period. Finally, Piedmont Investment Advisors Inc. raised its stake in Western Alliance Bancorporation by 28,586.7% during the third quarter. Piedmont Investment Advisors Inc. now owns 4,303 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 4,288 shares during the period. 84.54% of the stock is currently owned by institutional investors.

Western Alliance Bancorporation stock opened at $39.07 on Monday. The company has a market capitalization of $4.11 billion, a PE ratio of 9.44, a P/E/G ratio of 0.73 and a beta of 1.54. Western Alliance Bancorporation has a 1 year low of $37.39 and a 1 year high of $64.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.



Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The business had revenue of $281.97 million for the quarter, compared to the consensus estimate of $262.36 million. Western Alliance Bancorporation had a net margin of 40.48% and a return on equity of 17.81%. The business’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, research analysts forecast that Western Alliance Bancorporation will post 4.7 EPS for the current year.

A number of equities analysts have commented on WAL shares. Citigroup raised shares of Western Alliance Bancorporation from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $56.00 to $53.00 in a research note on Tuesday, January 15th. TheStreet downgraded shares of Western Alliance Bancorporation from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. Stephens reissued a “buy” rating and issued a $60.00 price target on shares of Western Alliance Bancorporation in a research note on Wednesday, December 12th. Zacks Investment Research raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, March 6th. Finally, ValuEngine downgraded shares of Western Alliance Bancorporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 5th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Western Alliance Bancorporation currently has an average rating of “Buy” and an average target price of $61.67.

In related news, Director Bruce D. Beach sold 3,750 shares of Western Alliance Bancorporation stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $46.55, for a total value of $174,562.50. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $232,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Randall S. Theisen sold 6,358 shares of Western Alliance Bancorporation stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.17, for a total transaction of $293,548.86. Following the completion of the transaction, the executive vice president now owns 39,869 shares of the company’s stock, valued at approximately $1,840,751.73. The disclosure for this sale can be found here. Insiders sold 14,478 shares of company stock valued at $667,285 in the last 90 days. Company insiders own 7.48% of the company’s stock.

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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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