Sirios Capital Management L P Lowers stake in Western Alliance Bancorporation (WAL)

Western Alliance Bancorporation (WAL) : Sirios Capital Management L P reduced its stake in Western Alliance Bancorporation by 35.16% during the most recent quarter end. The investment management company now holds a total of 1,690,049 shares of Western Alliance Bancorporation which is valued at $59,286,919 after selling 916,399 shares in Western Alliance Bancorporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Western Alliance Bancorporation makes up approximately 2.72% of Sirios Capital Management L P’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd reduced its stake in WAL by selling 27,386 shares or 60.3% in the most recent quarter. The Hedge Fund company now holds 18,033 shares of WAL which is valued at $632,598. Western Alliance Bancorporation makes up approx 0.16% of Dynamic Technology Lab Private Ltd’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in WAL in the latest quarter, The investment management firm added 47,630 additional shares and now holds a total of 215,081 shares of Western Alliance Bancorporation which is valued at $7,652,582. Western Alliance Bancorporation makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’s portfolio.Swiss National Bank boosted its stake in WAL in the latest quarter, The investment management firm added 9,200 additional shares and now holds a total of 154,700 shares of Western Alliance Bancorporation which is valued at $5,256,706. Western Alliance Bancorporation makes up approx 0.01% of Swiss National Bank’s portfolio.Dupont Capital Management Corp reduced its stake in WAL by selling 22,804 shares or 65.48% in the most recent quarter. The Hedge Fund company now holds 12,024 shares of WAL which is valued at $408,576. Western Alliance Bancorporation makes up approx 0.01% of Dupont Capital Management Corp’s portfolio.

Western Alliance Bancorporation closed down -0.25 points or -0.69% at $36.23 with 4,01,177 shares getting traded on Friday. Post opening the session at $36.17, the shares hit an intraday low of $36.09 and an intraday high of $36.455 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Western Alliance Bancorporation reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.56. The company had revenue of $157.80 million for the quarter, compared to analysts expectations of $159.04 million. The company’s revenue was up 45.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits lending treasury management and online banking products and services through its banking subsidiary Western Alliance Bank (the Bank). The Company’s segments are Arizona Nevada Southern California Northern California Central Business Line (CBL) and Corporate & Other. Its Arizona Nevada and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers including commercial real estate (CRE) loans construction and land development loans commercial loans and consumer loans through the Bank and its banking divisions and operating subsidiaries. It offers a range of deposit products including checking accounts money market accounts and other types of deposit accounts such as fixed-rate and fixed maturity retail certificates of deposit.

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