New Amsterdam Partnersny Lowers stake in Western Alliance Bancorporation (WAL)

Western Alliance Bancorporation (WAL) : New Amsterdam Partnersny reduced its stake in Western Alliance Bancorporation by 0.3% during the most recent quarter end. The investment management company now holds a total of 114,898 shares of Western Alliance Bancorporation which is valued at $3,904,234 after selling 349 shares in Western Alliance Bancorporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Western Alliance Bancorporation makes up approximately 0.91% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Ngam Advisors added WAL to its portfolio by purchasing 10,201 company shares during the most recent quarter which is valued at $346,630.Emerald Mutual Fund Advisers Trust reduced its stake in WAL by selling 91,340 shares or 45.64% in the most recent quarter. The Hedge Fund company now holds 108,804 shares of WAL which is valued at $3,702,600. Western Alliance Bancorporation makes up approx 0.20% of Emerald Mutual Fund Advisers Trust’s portfolio.Monarch Partners Asset Management reduced its stake in WAL by selling 260,310 shares or 55.43% in the most recent quarter. The Hedge Fund company now holds 209,305 shares of WAL which is valued at $7,231,488. Western Alliance Bancorporation makes up approx 0.71% of Monarch Partners Asset Management’s portfolio.Northpointe Capital reduced its stake in WAL by selling 9,848 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 102,795 shares of WAL which is valued at $3,551,567. Western Alliance Bancorporation makes up approx 0.40% of Northpointe Capital’s portfolio. Eqis Capital Management added WAL to its portfolio by purchasing 23,527 company shares during the most recent quarter which is valued at $812,623. Western Alliance Bancorporation makes up approx 0.05% of Eqis Capital Management’s portfolio.

Western Alliance Bancorporation opened for trading at $33.85 and hit $34.145 on the upside on Thursday, eventually ending the session at $34.06, with a gain of 0.24% or 0.08 points. The heightened volatility saw the trading volume jump to 3,27,825 shares. Company has a market cap of $3,579 M.

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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