Envestnet Asset Management Inc. Acquires 9,075 Shares of Western Alliance Bancorporation (NYSE:WAL) (2025)

Envestnet Asset Management Inc. grew its stake in shares of Western Alliance Bancorporation (NYSE:WAL – Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,710 shares of the financial services provider’s stock after purchasing an additional 9,075 shares during the period. Envestnet Asset Management Inc.’s holdings in Western Alliance Bancorporation were worth $4,403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WAL. SBI Securities Co. Ltd. purchased a new position in shares of Western Alliance Bancorporation during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in Western Alliance Bancorporation by 56.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 326 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 117 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Western Alliance Bancorporation by 70.1% in the 4th quarter. Fifth Third Bancorp now owns 330 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Western Alliance Bancorporation by 115.6% in the fourth quarter. Allworth Financial LP now owns 401 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 215 shares during the last quarter. Finally, Atala Financial Inc bought a new position in shares of Western Alliance Bancorporation during the fourth quarter valued at about $44,000. 79.15% of the stock is owned by hedge funds and other institutional investors.

Western Alliance Bancorporation Price Performance

NYSE WAL opened at $68.67 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $7.58 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. Western Alliance Bancorporation has a 52 week low of $56.70 and a 52 week high of $98.10. The firm’s 50-day simple moving average is $75.34 and its two-hundred day simple moving average is $83.53.

Western Alliance Bancorporation (NYSE:WAL – Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. Western Alliance Bancorporation had a net margin of 15.49% and a return on equity of 13.14%. The company had revenue of $790.10 million for the quarter, compared to analysts’ expectations of $792.25 million. During the same period in the prior year, the company posted $1.72 EPS. Research analysts predict that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, February 14th. Western Alliance Bancorporation’s payout ratio is currently 21.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WAL shares. Royal Bank of Canada reduced their price objective on shares of Western Alliance Bancorporation from $105.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday. StockNews.com raised Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Stephens reiterated an “overweight” rating and set a $92.00 price target on shares of Western Alliance Bancorporation in a report on Tuesday. Piper Sandler upped their price objective on Western Alliance Bancorporation from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, DA Davidson lowered their target price on Western Alliance Bancorporation from $106.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.62.

View Our Latest Stock Report on Western Alliance Bancorporation

Western Alliance Bancorporation Profile

(Free Report)

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.

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