Smead Capital Management Inc. Has $115.62 Million Holdings in Western Alliance Bancorporation $WAL

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Smead Capital Management Inc. has reduced its stake in Western Alliance Bancorporation (NYSE:WAL) by 7.1% in the third quarter, now owning 1,333,236 shares valued at $115.62 million. Western Alliance Bancorporation reported strong Q3 earnings, surpassing analyst estimates with $2.59 EPS and $980.9 million in revenue, and announced a quarterly dividend of $0.42 per share. The company currently holds a “Moderate Buy” consensus rating from analysts with an average price target of $103.73.

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