Western Alliance Bancorporation $WAL Shares Acquired by MidWestOne Financial Group Inc.

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MidWestOne Financial Group Inc. increased its stake in Western Alliance Bancorporation ($WAL) by 42.4%, acquiring an additional 10,887 shares to own a total of 36,559 shares valued at approximately $3.17 million. Institutional investors collectively own about 79.15% of WAL, and analysts currently rate the stock as a “Moderate Buy” with an average price target of $103.73. Western Alliance also reported strong quarterly earnings, exceeding expectations with an EPS of $2.59 and revenue of $980.9 million, and declared a quarterly dividend of $0.42 per share.

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