Westamerica Bancorporation (WABC) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westamerica Bancorporation in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WABC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WABC, but not buy additional shares or sell existing shares.
View WABC analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1 year target prices for Westamerica Bancorporation's stock. Their WABC share price forecasts range from $45.00 to $80.00. On average, they anticipate the company's share price to reach $60.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price.
View analysts price targets for WABC or view top-rated stocks among Wall Street analysts.

Westamerica Bancorporation's stock was trading at $59.01 at the beginning of the year. Since then, WABC shares have decreased by 27.8% and is now trading at $42.60.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our WABC earnings forecast.

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings results on Thursday, July, 20th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.51. The financial services provider had revenue of $80.58 million for the quarter, compared to analysts' expectations of $81.01 million. Westamerica Bancorporation had a net margin of 49.36% and a trailing twelve-month return on equity of 25.22%.

Westamerica Bancorporation announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Monday, August 7th will be given a dividend of $0.44 per share on Friday, August 18th. This represents a $1.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, August 4th. This is a boost from the stock's previous quarterly dividend of $0.42.
Read our dividend analysis for WABC.

ETFs with the largest weight of Westamerica Bancorporation (NASDAQ:WABC) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Timothy Plan US Small Cap Core ETF (TPSC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and VictoryShares US Small Cap Volatility Wtd (CSA).Inspire Small/Mid Cap ETF (ISMD).

Westamerica Bancorporation (NASDAQ:WABC) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.16%. WABC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WABC will have a dividend payout ratio of 34.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WABC.

37 employees have rated Westamerica Bancorporation Chief Executive Officer David L. Payne on Glassdoor.com. David L. Payne has an approval rating of 36% among the company's employees. This puts David L. Payne in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Westamerica Bancorporation investors own include Union Pacific (UNP), Walgreens Boots Alliance (WBA), Franklin Resources (BEN), CenterPoint Energy (CNP), Walt Disney (DIS), Consolidated Edison (ED), Enbridge (ENB), Energy Transfer (ET), Huntington Bancshares (HBAN) and Helmerich & Payne (HP).

Westamerica Bancorporation trades on the NASDAQ under the ticker symbol "WABC."

Westamerica Bancorporation's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.38%), State Street Corp (5.01%), Dimensional Fund Advisors LP (2.76%), Geode Capital Management LLC (2.21%), Northern Trust Corp (2.06%) and Palisade Capital Management LP (1.84%). Insiders that own company stock include Curtis Belton, George S Ensinger, Inez Wondeh, Michele R Hassid and Millan Catherine C Mac.
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Shares of WABC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WABC stock can currently be purchased for approximately $42.60.

Westamerica Bancorporation (NASDAQ:WABC) has a market capitalization of $1.14 billion and generates $266.88 million in revenue each year. The financial services provider earns $122.03 million in net income (profit) each year or $5.77 on an earnings per share basis.

The company employs 594 workers across the globe.

Westamerica Bancorporation's mailing address is 1108 FIFTH AVENUE, SAN RAFAEL CA, 94901. The official website for the company is www.westamerica.com. The financial services provider can be reached via phone at (415) 257-8000, via email at investments@westamerica.com, or via fax at 415-257-8013.