SEC Form SC 13G/A filed by Western Alliance Bancorporation (Amendment)

2/16/24 5:43:56 PM ET

Major Banks

Finance

Get the next $WAL alert in real time by email

SC 13G/A 1 wal13gadec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) WESTERN ALLIANCE BANCORP (Name of Issuer) COMMON STOCK (Title of Class of Securities) 957638109 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 1,069,602 6. Shared Voting Power* 0 7. Sole Dispositive Power* 3,394,544 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,394,544 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 3.1% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: WESTERN ALLIANCE BANCORP Item 1(b) Address of Issuer's Principal Executive Offices: ONE E. WASHINGTON STREET, PHOENIX, ARIZONA 85004 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 957638109 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class This statement is being filed to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be the beneficial owner of more than five percent of the class of securities. Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 16, 2024 Signature: /s/ Armando Capasso Name & Title: Armando Capasso, Vice President 12/31/2023

Get the next $WAL alert in real time by email

Recent Analyst Ratings for

$WAL

Date	Price Target	Rating	Analyst
5/21/2025	$95.00	Buy	Jefferies
5/13/2025	$92.00	Buy	Truist
12/17/2024		Buy	UBS
10/7/2024	$83.00 → $101.00	Hold → Buy	Deutsche Bank
4/22/2024	$75.00	Outperform	Hovde Group
3/8/2024	$91.00	Overweight	Barclays
1/30/2024	$62.00 → $72.00	Overweight → Equal Weight	Wells Fargo
12/1/2023	$61.00	Buy	Citigroup

More analyst ratings

SEC Form SC 13G/A filed by Western Alliance Bancorporation (Amendment)

2/16/24 5:43:56 PM ET

$WAL

Major Banks

Finance

Get the next $WAL alert in real time by email

Recent Analyst Ratings for

$WAL

Date	Price Target	Rating	Analyst
5/21/2025	$95.00	Buy	Jefferies
5/13/2025	$92.00	Buy	Truist
12/17/2024		Buy	UBS
10/7/2024	$83.00 → $101.00	Hold → Buy	Deutsche Bank
4/22/2024	$75.00	Outperform	Hovde Group
3/8/2024	$91.00	Overweight	Barclays
1/30/2024	$62.00 → $72.00	Overweight → Equal Weight	Wells Fargo
12/1/2023	$61.00	Buy	Citigroup

More analyst ratings

SEC Form SC 13G/A filed by Western Alliance Bancorporation (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$WAL

SEC Form SC 13G/A filed by Western Alliance Bancorporation (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$WAL

$WAL
Insider Trading

Chief Credit Officer Herndon Lynne converted options into 57 shares and returned $4,705 worth of shares to the company (57 units at $82.55) (SEC Form 4)

President and CEO Vecchione Kenneth converted options into 976 shares and returned $80,569 worth of shares to the company (976 units at $82.55) (SEC Form 4)

Chief Banking Ofc.-NBL Curley Stephen Russell returned $24,270 worth of shares to the company (294 units at $82.55) and converted options into 294 shares (SEC Form 4)

$WAL
Press Releases

Antonio Portuondo Named Municipal Corporate Trust Leader of Western Alliance Trust Company, N.A.

Western Alliance Bancorporation Names Vishal Idnani as Next Chief Financial Officer

Western Alliance Bancorporation Reports Second Quarter 2025 Financial Results

$WAL
Analyst Ratings

Jefferies initiated coverage on Western Alliance Bancorp with a new price target

Truist initiated coverage on Western Alliance Bancorp with a new price target

UBS resumed coverage on Western Alliance Bancorp

$WAL
SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by Western Alliance Bancorporation

SEC Form 10-Q filed by Western Alliance Bancorporation

Western Alliance Bancorporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$WAL
Leadership Updates

Antonio Portuondo Named Municipal Corporate Trust Leader of Western Alliance Trust Company, N.A.

Western Alliance Bank Strengthens Multifamily Housing Finance Group With Addition of Charles Jones

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

$WAL
Financials

Western Alliance Bancorporation Reports Second Quarter 2025 Financial Results

Western Alliance Bancorporation Announces Second Quarter 2025 Earnings Release Date, Conference Call and Webcast

Western Alliance Bancorporation Reports First Quarter 2025 Financial Results

$WAL
Large Ownership Changes

SEC Form SC 13G filed by Western Alliance Bancorporation