Westamerica Bancorporation Stock Price, News & Analysis (NASDAQ:WABC)

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 analysts have issued 1 year target prices for Westamerica Bancorporation's stock. Their WABC share price targets range from $48.00 to $55.00. On average, they expect the company's share price to reach $51.50 in the next twelve months. This suggests a possible upside of 5.1% 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 on January 1st, 2023. Since then, WABC stock has decreased by 17.0% and is now trading at $48.98.
View the best growth stocks for 2023 here.

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

Westamerica Bancorporation (NASDAQ:WABC) issued its earnings results on Thursday, October, 19th. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. The financial services provider earned $83 million during the quarter, compared to analyst estimates of $79.84 million. Westamerica Bancorporation had a trailing twelve-month return on equity of 25.17% and a net margin of 49.71%.

Westamerica Bancorporation announced a quarterly dividend on Thursday, October 26th. Investors of record on Monday, November 6th will be given a dividend of $0.44 per share on Friday, November 17th. This represents a $1.76 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, November 3rd.
Read our dividend analysis for WABC.

Westamerica Bancorporation (NASDAQ:WABC) pays an annual dividend of $1.76 per share and currently has a dividend yield of 3.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WABC will have a dividend payout ratio of 32.29% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.73%), Northern Trust Corp (2.04%), Bank of New York Mellon Corp (1.19%), Clifford Capital Partners LLC (1.18%), The Manufacturers Life Insurance Company (1.14%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include Curtis Belton, George S Ensinger, Inez Wondeh, Michele R Hassid and Millan Catherine C Mac.
View institutional ownership trends.

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.
Compare Top Brokerages Here.