Is WAL a good stock to buy right now?

Based on our 6-factor quantitative model, WESTERN ALLIANCE BANCORPORATION (WAL) receives a "Avoid" rating with a composite score of 36.0/100. It is ranked #3,949 out of 4,446 stocks. Key factor scores: Quality 10/100, Value 76/100, Momentum 39/100. The timing signal is "Bearish". This is quantitative analysis only — not investment advice.

What is the stock rating for WAL?

WESTERN ALLIANCE BANCORPORATION (WAL) has a "Avoid" rating and 1-star score. The composite score of 36.0 ranks it #3,949 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is WAL in?

WESTERN ALLIANCE BANCORPORATION operates in the Financials sector (Banking industry) with a market cap of $7.95 billion. It is classified as a mid-cap stock.

Does WAL pay a dividend?

Yes, WAL pays a dividend with a current yield of 1.75%. The Financials sector average yield is 2.48%. For every $1,000 invested, you would receive approximately $17.50 in annual dividend income.

What is WAL's P/E ratio?

WAL has a trailing P/E ratio of 8.81x. The Financials sector average is 14.9x. This below-average P/E may indicate the stock is undervalued.

How profitable is WAL?

WAL's quality factor score is 10/100. Gross margin: 0.0%. ROE: 11.3% vs sector average 8.5%. Margins are moderate to low, reflecting competitive market dynamics.

How is WAL valued compared to peers?

WAL's value factor score is 76/100 (higher = cheaper). Key multiples: P/E 8.8x, EV/EBITDA 7.7x. The stock appears attractively valued versus peers.

What is WAL's debt level?

WAL's debt-to-equity ratio is 18%. Sector average: 121%. Low leverage suggests conservative financial management.

WAL has a beta of 1.53, meaning it amplifies market moves. Stability score: 49/100.

Does WAL have high short interest?

WAL's short interest factor score is 47/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

WAL Stock Analysis: Top Mid-Cap Avoid (Score 36.0/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
WAL	-0.70%	+5.74%	+5.45%	-9.35%	+20.53%	-	-	-
Industry Proxy XLF	-1.09%	+2.50%	+1.42%	-7.30%	+10.59%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.64%	+2.14%	+5.12%	-8.99%	-9.00%	-	-	-
Alpha vs Sector	+0.39%	+3.24%	+4.03%	-2.05%	+9.94%	-	-	-

Metric	WAL	Benchmark
P/E Ratio	8.8x	-41%
EV/EBITDA	7.7x	+137%
Price / Book	1.0x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
WTM WHITE MOUNTAINS INSURANCE GROUP LTD	63	80	79	54	8.9x	10.1%	96.3%	20.1%	1.6%	14.0x	$5.4B	VS
OPY OPPENHEIMER HOLDINGS INC	63	68	79	63	10.4x	9.9%	0.0%	6.5%	37.5%	273.0x	$959M	VS
ACT Enact Holdings, Inc.	62	81	76	52	8.7x	12.7%	88.5%	55.0%	4.2%	14.0x	$5.7B	VS
IGIC International General Insurance Holdings Ltd.	61	74	93	50	8.6x	82.6%	59.9%	25.1%	-	0.0x	$1.1B	VS
PKBK PARKE BANCORP, INC.	60	60	77	65	9.8x	10.5%	-	24.8%	20.9%	593.0x	$335M	VS
SSSS SURO CAPITAL CORP.	60	89	33	65	4.7x	30.9%	0.0%	-752.0%	-48.3%	34.0x	$290M	VS
CB Chubb Ltd	59	67	71	52	12.8x	12.5%	0.0%	16.6%	15.6%	20.0x	$128.0B	VS
RRBI RED RIVER BANCSHARES INC	59	59	69	68	15.0x	11.0%	0.0%	27.5%	13.3%	818.0x	$607M	VS
UFCS UNITED FIRE GROUP INC	59	64	78	58	9.8x	10.6%	100.0%	7.3%	17.5%	308.0x	$936M	VS
SPFI SOUTH PLAINS FINANCIAL, INC.	58	59	73	55	12.8x	11.0%	0.0%	21.7%	9.0%	807.0x	$690M	VS
WAL WESTERN ALLIANCE BANCORPORATION	36	10	76	39	8.8x	11.3%	0.0%	1,063.8%	45.0%	18.0x	$8.0B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.0%	-	-	-	-	-	0.9%	0.9%	1.0%	0.9%	0.9%
Operating Margin %	13.1%	8.9%	14.6%	9.5%	0.5%	0.7%	0.1%	0.1%	0.0%	0.1%	0.1%
EBITDA Margin %	14.0%	9.7%	16.0%	10.1%	0.5%	0.7%	0.5%	0.6%	0.6%	0.6%	0.5%
Net Margin %	10.6%	7.3%	11.6%	7.3%	0.4%	0.5%	0.4%	0.5%	0.5%	0.4%	0.4%
FCF Margin %	-1,627.0%	-	-	-	-	-	-5.3%	50.6%	-3.0%	-38.1%	-18.8%
ROE %	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.1%	0.2%	0.2%	0.1%	0.1%
ROA %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
ROIC %	0.1%	10.2%	8.6%	11.3%	15.6%	15.5%	1.5%	1.6%	1.0%	1.3%	1.5%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.0%

0.9%

1.0%

0.9%

Operating Margin %

13.1%

8.9%

14.6%

9.5%

0.5%

0.7%

0.1%

0.0%

0.1%

EBITDA Margin %

14.0%

9.7%

16.0%

10.1%

0.5%

0.7%

0.5%

0.6%

0.5%

Net Margin %

10.6%

7.3%

11.6%

7.3%

0.4%

0.5%

0.4%

0.5%

0.4%

FCF Margin %

-1,627.0%

-5.3%

50.6%

-3.0%

-38.1%

-18.8%

ROE %

0.1%

0.2%

0.1%

0.2%

0.1%

ROA %

0.0%

ROIC %

0.1%

10.2%

8.6%

11.3%

15.6%

15.5%

1.5%

1.6%

1.0%

1.3%

1.5%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$86M	$136M	$68M	$99M	$2.7B	$1.7B	$1.2B	$1.1B	$959M	$830M	$700M	$522M
	—	—	—	—	—	—	$1.2B	$1.0B	$916M	$785M	$657M	$493M
Gross Margin	0.0%	---	---	---	---	---	94.3%	94.1%	95.5%	94.5%	93.9%	94.3%
	—	$107M	$94M	$63M	$52M	$34M	$49M	$45M	$48M	$30M	$173K	$2M
Total Operating Expenses	—	-$1.1B	-$923M	-$835M	$1.4B	$536M	—	—	—	—	—	—
	$1.1B	$1.2B	$991M	$934M	$1.3B	$1.1B	$71M	$65M	$43M	$45M	$43M	$30M
EBIT	$1.1B	$1.2B	$991M	$934M	$1.3B	$1.1B	$71M	$65M	$43M	$45M	$43M	$30M
EBITDA	$1.2B	$1.3B	$1.1B	$997M	$1.4B	$1.2B	$672M	$649M	$534M	$482M	$379M	$275M
Operating Margin	1312.6%	889.0%	1457.6%	946.9%	48.9%	67.7%	5.7%	5.9%	4.5%	5.5%	6.1%	5.7%
EBITDA Margin	1398.0%	967.5%	1596.5%	1010.8%	50.8%	69.7%	54.3%	58.7%	55.7%	58.0%	54.1%	52.7%
	—	—	—	$1.7B	$476M	$110M	$95M	$185M	$118M	$61M	$43M	$33M
	—	$1.2B	$991M	$934M	$1.3B	$1.1B	—	—	—	—	—	—
Income Tax Expense	—	$217M	$204M	$211M	$259M	$224M	$116M	$105M	$75M	$126M	$101M	$64M
	$897M	$991M	$788M	$722M	$1.1B	$899M	$507M	$499M	$436M	$325M	$260M	$194M
Net Margin	1063.8%	729.5%	1158.4%	732.7%	39.3%	54.2%	40.9%	45.2%	45.4%	39.2%	37.1%	37.2%
	$8.79	$8.79	$7.14	$6.55	$9.74	$8.72	$5.06	$4.86	$4.16	$3.12	$2.52	$2.05
Diluted EPS	$8.79	$8.73	$7.09	$6.54	$9.70	$8.67	$5.06	$4.86	$4.16	$3.12	$2.52	$2.05
Weighted Avg Basic	—	109M	109M	108M	107M	103M	—	—	—	—	—	—
Weighted Avg Diluted	—	110M	109M	109M	108M	103M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$86M

$136M

$68M

$99M

$2.7B

$1.7B

$1.2B

$1.1B

$959M

$830M

$700M

$522M

—

$1.2B

$1.0B

$916M

$785M

$657M

$493M

Gross Margin

0.0%

---

94.3%

94.1%

95.5%

94.5%

93.9%

94.3%

—

$107M

$94M

$63M

$52M

$34M

$49M

$45M

$48M

$30M

$173K

$2M

Total Operating Expenses

—

-$1.1B

-$923M

-$835M

$1.4B

$536M

—

$1.1B

$1.2B

$991M

$934M

$1.3B

$1.1B

$71M

$65M

$43M

$45M

$43M

$30M

EBIT

$1.1B

$1.2B

$991M

$934M

$1.3B

$1.1B

$71M

$65M

$43M

$45M

$43M

$30M

EBITDA

$1.2B

$1.3B

$1.1B

$997M

$1.4B

$1.2B

$672M

$649M

$534M

$482M

$379M

$275M

Operating Margin

1312.6%

889.0%

1457.6%

946.9%

48.9%

67.7%

5.7%

5.9%

4.5%

5.5%

6.1%

5.7%

EBITDA Margin

1398.0%

967.5%

1596.5%

1010.8%

50.8%

69.7%

54.3%

58.7%

55.7%

58.0%

54.1%

52.7%

—

$1.7B

$476M

$110M

$95M

$185M

$118M

$61M

$43M

$33M

—

$1.2B

$991M

$934M

$1.3B

$1.1B

—

Income Tax Expense

—

$217M

$204M

$211M

$259M

$224M

$116M

$105M

$75M

$126M

$101M

$64M

$897M

$991M

$788M

$722M

$1.1B

$899M

$507M

$499M

$436M

$325M

$260M

$194M

Net Margin

1063.8%

729.5%

1158.4%

732.7%

39.3%

54.2%

40.9%

45.2%

45.4%

39.2%

37.1%

37.2%

$8.79

$7.14

$6.55

$9.74

$8.72

$5.06

$4.86

$4.16

$3.12

$2.52

$2.05

Diluted EPS

$8.79

$8.73

$7.09

$6.54

$9.70

$8.67

$5.06

$4.86

$4.16

$3.12

$2.52

$2.05

Weighted Avg Basic

—

109M

108M

107M

103M

—

Weighted Avg Diluted

—

110M

109M

108M

103M

—

WESTERN ALLIANCE BANCORPORATION (WAL) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does WESTERN ALLIANCE BANCORPORATION Do?

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona. WESTERN ALLIANCE BANCORPORATION (WAL) is classified as a mid-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Kenneth A. Vecchione and employs approximately 3,360 people, headquartered in Phoenix, Arizona. With a market capitalization of $8.0B, WAL is one of the notable companies in the Financials sector.

WESTERN ALLIANCE BANCORPORATION (WAL) Stock Rating — Avoid (April 2026)

As of April 2026, WESTERN ALLIANCE BANCORPORATION receives a Avoid rating with a composite score of 36.0/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.WAL ranks #3,949 out of 4,446 stocks in our coverage universe. Within the Financials sector, WESTERN ALLIANCE BANCORPORATION ranks #844 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

WAL Stock Price and 52-Week Range

WESTERN ALLIANCE BANCORPORATION (WAL) currently trades at $76.21. The stock lost $0.54 (0.7%) in the most recent trading session. The 52-week high for WAL is $97.23, which means the stock is currently trading -21.6% from its annual peak. The 52-week low is $57.05, putting the stock 33.6% above its annual trough. Recent trading volume was 752K shares, suggesting relatively thin trading activity.

Is WAL Overvalued or Undervalued? — Valuation Analysis

WESTERN ALLIANCE BANCORPORATION (WAL) carries a value factor score of 76/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 8.81x, compared to the Financials sector average of 14.88x — a discount of 41%. The price-to-book ratio stands at 1.00x, versus the sector average of 1.22x. The price-to-sales ratio is 91.73x, compared to 0.90x for the average Financials stock. On an enterprise value basis, WAL trades at 7.72x EV/EBITDA, versus 3.26x for the sector.

Based on these multiples, WESTERN ALLIANCE BANCORPORATION appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.

WESTERN ALLIANCE BANCORPORATION Profitability — ROE, Margins, and Quality Score

WESTERN ALLIANCE BANCORPORATION (WAL) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 11.3%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 1.0% versus the sector average of 1.2%.

On a margin basis, WESTERN ALLIANCE BANCORPORATION reports gross margins of 0.0%. The operating margin is 1312.6% (sector: 21.8%). Net profit margin stands at 1063.8%, versus 17.7% for the average Financials stock. Revenue growth is running at 45.0% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

WAL Debt, Balance Sheet, and Financial Health

WESTERN ALLIANCE BANCORPORATION has a debt-to-equity ratio of 18.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.09x, suggesting adequate working capital coverage. Total debt on the balance sheet is $1.39B. Cash and equivalents stand at $463M.

WAL has a beta of 1.53, meaning it is more volatile than the broader market — a $10,000 investment in WAL would be expected to move 52.8% more than the S&P 500 on any given day. The stability factor score for WESTERN ALLIANCE BANCORPORATION is 49/100, reflecting average volatility within the normal range for its sector.

WESTERN ALLIANCE BANCORPORATION Revenue and Earnings History — Quarterly Trend

In TTM 2026, WESTERN ALLIANCE BANCORPORATION reported revenue of $86M and earnings per share (EPS) of $8.79. Net income for the quarter was $897M. Gross margin was 0.0%. Operating income came in at $1.10B.

In FY 2025, WESTERN ALLIANCE BANCORPORATION reported revenue of $136M and earnings per share (EPS) of $8.79. Net income for the quarter was $991M. Revenue grew 99.7% year-over-year compared to FY 2024. Operating income came in at $1.21B.

In Q3 2025, WESTERN ALLIANCE BANCORPORATION reported revenue of $25M and earnings per share (EPS) of $2.30. Net income for the quarter was $261M. Revenue grew 61.2% year-over-year compared to Q3 2024. Operating income came in at $314M.

In Q2 2025, WESTERN ALLIANCE BANCORPORATION reported revenue of $24M and earnings per share (EPS) of $2.08. Net income for the quarter was $238M. Revenue grew 39.1% year-over-year compared to Q2 2024. Operating income came in at $291M.

Over the past 8 quarters, WESTERN ALLIANCE BANCORPORATION has demonstrated a growth trajectory, with revenue expanding from $17M to $86M. Investors analyzing WAL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

WAL Dividend Yield and Income Analysis

WESTERN ALLIANCE BANCORPORATION (WAL) currently pays a dividend yield of 1.8%. At this yield, a $10,000 investment in WAL stock would generate approximately $$175.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning WAL yields less than the typical sector peer. With a net margin of 1063.8%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.

WAL Momentum and Technical Analysis Profile

WESTERN ALLIANCE BANCORPORATION (WAL) has a momentum factor score of 39/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 47/100 reflects moderate short selling activity.

WAL vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, WESTERN ALLIANCE BANCORPORATION (WAL) ranks #844 out of 891 stocks based on the Blank Capital composite score. This places WAL in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing WAL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full WAL vs S&P 500 (SPY) comparison to assess how WESTERN ALLIANCE BANCORPORATION stacks up against the broader market across all factor dimensions.

WAL Next Earnings Date

No upcoming earnings date has been announced for WESTERN ALLIANCE BANCORPORATION (WAL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy WAL? — Investment Thesis Summary

The quantitative profile for WESTERN ALLIANCE BANCORPORATION suggests caution. The quality score of 10/100 flags below-average profitability. The value score of 76/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 39/100, a headwind for near-term performance.

In summary, WESTERN ALLIANCE BANCORPORATION (WAL) earns a Avoid rating with a composite score of 36.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on WAL stock.

Related Resources for WAL Investors

Explore more research and tools: WAL vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare WAL head-to-head with peers: WAL vs WTM, WAL vs OPY, WAL vs ACT.

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WESTERN ALLIANCE BANCORPORATION (WAL) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does WESTERN ALLIANCE BANCORPORATION Do?

WESTERN ALLIANCE BANCORPORATION (WAL) Stock Rating — Avoid (April 2026)

WAL Stock Price and 52-Week Range

Is WAL Overvalued or Undervalued? — Valuation Analysis

WESTERN ALLIANCE BANCORPORATION Profitability — ROE, Margins, and Quality Score

WAL Debt, Balance Sheet, and Financial Health

WESTERN ALLIANCE BANCORPORATION Revenue and Earnings History — Quarterly Trend

WAL Dividend Yield and Income Analysis

WAL Momentum and Technical Analysis Profile

WAL vs Competitors — Financials Sector Ranking and Peer Comparison

WAL Next Earnings Date

Should You Buy WAL? — Investment Thesis Summary

Related Resources for WAL Investors

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