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NASDAQ:WABC

Westamerica Bancorporation (WABC) Stock Price, News & Analysis

$49.58
-0.52 (-1.04%)
(As of 05/22/2024 ET)
Today's Range
$49.22
$50.15
50-Day Range
$45.50
$50.37
52-Week Range
$37.32
$57.96
Volume
75,465 shs
Average Volume
105,013 shs
Market Capitalization
$1.32 billion
P/E Ratio
8.38
Dividend Yield
3.55%
Price Target
$53.50

Westamerica Bancorporation MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.9% Upside
$53.50 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Westamerica Bancorporation in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$82,196 Sold Last Quarter
Proj. Earnings Growth
-12.26%
From $5.30 to $4.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.63 out of 5 stars

Finance Sector

586th out of 835 stocks

National Commercial Banks Industry

66th out of 80 stocks

WABC stock logo

About Westamerica Bancorporation Stock (NASDAQ:WABC)

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was founded in 1884 and is headquartered in San Rafael, California.

WABC Stock Price History

WABC Stock News Headlines

Westamerica declares $0.44 dividend
KBW Sticks to Their Hold Rating for Westamerica Bancorporation (WABC)
KBW Sticks to Its Hold Rating for Westamerica Bancorporation (WABC)
Westamerica Bank Announces New Board Member
WABC Apr 2024 55.000 call
WABC Mar 2024 50.000 call
WABC Mar 2024 45.000 put
Westamerica Bancorporation
Westamerica Bancorp's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/17 Dividend
5/03/2024
Dividend Payable
5/17/2024
Today
5/23/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:WABC
CUSIP
95709010
Employees
641
Year Founded
1884

Price Target and Rating

Average Stock Price Target
$53.50
High Stock Price Target
$57.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+7.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$161.77 million
Pretax Margin
66.21%

Debt

Sales & Book Value

Annual Sales
$327.54 million
Cash Flow
$6.41 per share
Book Value
$29.67 per share

Miscellaneous

Free Float
25,211,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
0.56

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Key Executives


WABC Stock Analysis - Frequently Asked Questions

Should I buy or sell Westamerica Bancorporation stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westamerica Bancorporation in the last twelve months. 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.

What is Westamerica Bancorporation's stock price target for 2024?

2 Wall Street research analysts have issued 12-month price targets for Westamerica Bancorporation's stock. Their WABC share price targets range from $50.00 to $57.00. On average, they expect the company's stock price to reach $53.50 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for WABC
or view top-rated stocks among Wall Street analysts.

How have WABC shares performed in 2024?

Westamerica Bancorporation's stock was trading at $56.41 at the start of the year. Since then, WABC shares have decreased by 12.1% and is now trading at $49.58.
View the best growth stocks for 2024 here
.

When is Westamerica Bancorporation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our WABC earnings forecast
.

How were Westamerica Bancorporation's earnings last quarter?

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings data on Thursday, April, 25th. The financial services provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.39 by $0.02. The financial services provider had revenue of $78.84 million for the quarter, compared to analysts' expectations of $77.34 million. Westamerica Bancorporation had a net margin of 48.35% and a trailing twelve-month return on equity of 21.99%.

How often does Westamerica Bancorporation pay dividends? What is the dividend yield for Westamerica Bancorporation?

Westamerica Bancorporation announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.44 per share on Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, May 3rd.
Read our dividend analysis for WABC
.

Is Westamerica Bancorporation a good dividend stock?

Westamerica Bancorporation (NASDAQ:WABC) pays an annual dividend of $1.76 per share and currently has a dividend yield of 3.51%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WABC will have a dividend payout ratio of 37.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WABC.

What ETFs hold Westamerica Bancorporation's stock?

ETFs with the largest weight of Westamerica Bancorporation (NASDAQ:WABC) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust NASDAQ ABA Community Bank Index Fund (QABA).

What is David L. Payne's approval rating as Westamerica Bancorporation's CEO?

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.

What other stocks do shareholders of Westamerica Bancorporation own?

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).

Who are Westamerica Bancorporation's major shareholders?

Westamerica Bancorporation's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.17%), Kennedy Capital Management LLC (0.95%), Leeward Investments LLC MA (0.61%), Jupiter Asset Management Ltd. (0.59%), Principal Financial Group Inc. (0.57%) and Assenagon Asset Management S.A. (0.48%). Insiders that own company stock include Alisa Jane Belew, Curtis Belton, David L Payne, George S Ensinger, Inez Wondeh, John A Thorson and Michele R Hassid.
View institutional ownership trends
.

How do I buy shares of Westamerica Bancorporation?

Shares of WABC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WABC) was last updated on 5/23/2024 by MarketBeat.com Staff

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