5 Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital

3. Western Alliance Bancorporation (NYSE:WAL)

Elizabeth Park Capital’s Stake Value: $10.6 million

Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.73%

Number of Hedge Fund Holders: 29

Western Alliance Bancorporation (NYSE:WAL) is a member of Fred Cummings’ Elizabeth Park Capital since the first quarter of 2020. It is a good stock to buy and hold for the long term amid its steady share price gains and increasing dividends. The company’s stock price is up more than 20% in the past twelve months while the dividend yield is hovering at 1.44%. 

Western Alliance Bancorporation (NYSE:WAL) was in 29 hedge funds’ portfolios at the end of the third quarter of 2021. John Murphy’s Levin Easterly Partners was the leading stakeholder in the company.