5 Stocks To Buy According To William Dollens’ Global Frontier Investments

3. Western Alliance Bancorporation (NYSE:WAL)

Global Frontier Investments’ Stake Value: $13,058,000

Percentage of Global Frontier Investments’ 13F Portfolio: 9.52%

Number of Hedge Fund Holders: 29

An Arizona-based banking company, Western Alliance Bancorporation (NYSE:WAL) is one of the top stocks in William Dollens’ portfolio for the third quarter of 2021. Global Frontier Investments owns 120,000 shares in Western Alliance Bancorporation (NYSE:WAL), valued at $13.05 million, representing 9.52% of the firm’s portfolio at the end of September. With a portfolio of assets worth $50 billion, Western Alliance Bancorporation (NYSE:WAL) is one of the top-tier American banks, operating nationwide. Western Alliance Bancorporation (NYSE:WAL) specializes in customized loans, mortgage, deposit, and treasury management services. 

Western Alliance Bancorporation (NYSE:WAL), on October 21, announced earnings for the third quarter. The Q3 EPS was valued at $2.30, beating estimates by $0.05. 

Truist analyst Brandon King, on October 25, raised the firm’s price target from $114 to $140, while keeping a Buy rating on Western Alliance Bancorporation (NYSE:WAL), owing to the Q3 earnings beat. The bank holding company is adding more products to its portfolio via strategic acquisitions, which will result in long-term growth potential. 

At the end of September, 29 hedge funds were bullish on Western Alliance Bancorporation (NYSE:WAL), up from 28 in the preceding quarter.