Seawolf Capital adds Western Alliance Bancorporation (WAL) to its portfolio

Western Alliance Bancorporation (WAL) : Seawolf Capital added new position in Western Alliance Bancorporation during the most recent quarter end. The investment management firm now holds 138,000 shares of Western Alliance Bancorporation which is valued at $4,841,040 , the company said in a statement filed on Aug 15, 2016 with the SEC.Western Alliance Bancorporation makes up approximately 3.67% of Seawolf Capital’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in WAL by selling 122,036 shares or 37.77% in the most recent quarter. The Hedge Fund company now holds 201,076 shares of WAL which is valued at $7,053,746. Western Alliance Bancorporation makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Hightower Advisors reduced its stake in WAL by selling 2,765 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 35,250 shares of WAL which is valued at $1,236,570. Western Alliance Bancorporation makes up approx 0.02% of Hightower Advisors’s portfolio. Miles Capital added WAL to its portfolio by purchasing 7,261 company shares during the most recent quarter which is valued at $254,716. Western Alliance Bancorporation makes up approx 0.17% of Miles Capital’s portfolio. Peak6 Investments added WAL to its portfolio by purchasing 469 company shares during the most recent quarter which is valued at $16,453.Eagle Asset Management Inc boosted its stake in WAL in the latest quarter, The investment management firm added 3,328 additional shares and now holds a total of 106,970 shares of Western Alliance Bancorporation which is valued at $3,693,674. Western Alliance Bancorporation makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

Western Alliance Bancorporation closed down -0.26 points or -0.68% at $37.96 with 5,95,155 shares getting traded on Thursday. Post opening the session at $38.23, the shares hit an intraday low of $37.68 and an intraday high of $38.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Many Wall Street Analysts have commented on Western Alliance Bancorporation. Western Alliance Bancorporation was Initiated by Wells Fargo to “Market Perform” on Sep 1, 2016.

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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