Westamerica Bancorporation - WABC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westamerica Bancorporation in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WABC shares.
View WABC analyst ratings or view top-rated stocks.

1 brokerages have issued 1-year target prices for Westamerica Bancorporation's stock. Their WABC share price forecasts range from $58.00 to $80.00. On average, they anticipate the company's share price to reach $69.00 in the next year. This suggests a possible upside of 49.8% from the stock's current price.
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Westamerica Bancorporation's stock was trading at $59.01 at the beginning of 2023. Since then, WABC stock has decreased by 21.9% and is now trading at $46.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our WABC earnings forecast.

Westamerica Bancorporation (NASDAQ:WABC) announced its earnings results on Wednesday, October, 20th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. The financial services provider earned $54.60 million during the quarter, compared to the consensus estimate of $53.57 million. Westamerica Bancorporation had a trailing twelve-month return on equity of 19.84% and a net margin of 45.73%.

Westamerica Bancorporation declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Monday, February 6th will be paid a dividend of $0.42 per share on Friday, February 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for WABC.

ETFs with the largest weight of Westamerica Bancorporation (NASDAQ:WABC) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Low Volatility ETF (XSLV), Vanguard U.S. Minimum Volatility ETF (VFMV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and SPDR S&P Regional Banking ETF (KRE).

Westamerica Bancorporation (NASDAQ:WABC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.45%. The dividend payout ratio is 37.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WABC will have a dividend payout ratio of 30.27% 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 variety of institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (3.53%), Price T Rowe Associates Inc. MD (2.92%), Morgan Stanley (2.58%), Dimensional Fund Advisors LP (2.55%), Geode Capital Management LLC (1.87%) and Millennium Management LLC (1.73%). Insiders that own company stock include George S Ensinger, 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 $46.06.

Westamerica Bancorporation (NASDAQ:WABC) has a market capitalization of $1.24 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 $4.53 on an earnings per share basis.

The company employs 534 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.