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NASDAQ:WABCWestamerica Bancorporation Stock Price, Forecast & News

$59.19
+1.21 (+2.09 %)
(As of 05/27/2020 10:42 AM ET)
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Compare
Today's Range
$59.05
Now: $59.19
$60.36
50-Day Range
$53.40
MA: $59.26
$64.86
52-Week Range
$46.94
Now: $59.19
$69.08
Volume2,375 shs
Average Volume171,422 shs
Market Capitalization$1.59 billion
P/E Ratio20.55
Dividend Yield2.91%
Beta0.71
Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The company offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. The company offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. The company offers domestic and foreign commercial and industrial loans. The bank offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2017, the company has an asset value of 5.6 million USD. It has generated a net income of 71,564 USD in December 31, 2017. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in December 1982. Westamerica Bancorporation was founded in 1972 and is based in San Rafael, California.
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Westamerica Bancorporation logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:WABC
CUSIP95709010
Phone707-863-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$206.09 million
Cash Flow$3.91 per share
Book Value$26.19 per share

Profitability

Net Income$80.39 million

Miscellaneous

Employees762
Market Cap$1.59 billion
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Westamerica Bancorporation (NASDAQ:WABC) Frequently Asked Questions

How has Westamerica Bancorporation's stock been impacted by COVID-19 (Coronavirus)?

Westamerica Bancorporation's stock was trading at $52.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WABC stock has increased by 13.3% and is now trading at $59.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westamerica Bancorporation?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westamerica Bancorporation in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Westamerica Bancorporation.

When is Westamerica Bancorporation's next earnings date?

Westamerica Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Westamerica Bancorporation.

How were Westamerica Bancorporation's earnings last quarter?

Westamerica Bancorporation (NASDAQ:WABC) issued its earnings results on Thursday, April, 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by $0.03. The financial services provider earned $51.20 million during the quarter. Westamerica Bancorporation had a return on equity of 10.93% and a net margin of 37.60%. View Westamerica Bancorporation's earnings history.

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

Westamerica Bancorporation announced a quarterly dividend on Friday, April 24th. Stockholders of record on Monday, May 4th will be given a dividend of $0.41 per share on Friday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, May 1st. View Westamerica Bancorporation's dividend history.

How will Westamerica Bancorporation's stock buyback program work?

Westamerica Bancorporation announced that its Board of Directors has approved a stock buyback plan on Thursday, July 26th 2018, which allows the company to buyback 1,750,000 shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

What price target have analysts set for WABC?

2 Wall Street analysts have issued 1 year target prices for Westamerica Bancorporation's shares. Their forecasts range from $58.00 to $65.00. On average, they expect Westamerica Bancorporation's stock price to reach $61.50 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price. View analysts' price targets for Westamerica Bancorporation.

What are Wall Street analysts saying about Westamerica Bancorporation stock?

Here are some recent quotes from research analysts about Westamerica Bancorporation stock:
  • 1. According to Zacks Investment Research, "Westamerica Bancorp. is a bank holding company. The company provides a full range of banking services to individual and corporate customers in Northern and Central California through its subsidiary banks, Westamerica Bank and Bank of Lake County. It also owns Westamerica Commercial Credit, Inc., a company engaged in financing accounts receivable and inventory lines of credit and term business loans and Community Banker Services Corporation, a company engaged in providing the company and its subsidiaries data processing services and other support functions. " (4/10/2020)
  • 2. Maxim Group analysts commented, "WABC’s core performance metrics were, as usual, very strong. The 2Q19 NIM was slightly wider (slightly higher yields on earning assets, same cost of deposits/other funding). We expect a modest decrease in the NIM if the Fed cuts rates once. We are lowering our 2020 EPS estimate to $2.95, from $3.00. Lack of loan growth remains WABC’s greatest challenge, so we are maintaining our Hold rating." (7/19/2019)

Has Westamerica Bancorporation been receiving favorable news coverage?

Media stories about WABC stock have trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Westamerica Bancorporation earned a news impact score of -1.0 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutWestamerica Bancorporation.

Are investors shorting Westamerica Bancorporation?

Westamerica Bancorporation saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,710,000 shares, a decline of 9.0% from the April 30th total of 1,880,000 shares. Based on an average daily volume of 149,000 shares, the days-to-cover ratio is currently 11.5 days. Approximately 6.6% of the shares of the company are sold short. View Westamerica Bancorporation's Current Options Chain.

Who are some of Westamerica Bancorporation's key competitors?

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 LP Unit (ET), Huntington Bancshares (HBAN) and Helmerich & Payne (HP).

Who are Westamerica Bancorporation's key executives?

Westamerica Bancorporation's management team includes the following people:
  • Mr. David L. Payne, Chairman, Pres & CEO (Age 64)
  • Mr. John A. Thorson, Sr. VP & CFO (Age 59)
  • Mr. George Ensinger, Sr. VP & HR Division Mang. (Age 65)
  • Mr. Brian J. Donohoe, Sr. VP and Operations & Systems Division Mang. (Age 38)
  • Ms. Diane Cunningham, Corp. Exec. Sec.

What is Westamerica Bancorporation's stock symbol?

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

Who are Westamerica Bancorporation's major shareholders?

Westamerica Bancorporation's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.35%), Atlanta Capital Management Co. L L C (8.35%), State Street Corp (3.41%), JPMorgan Chase & Co. (2.18%), Geode Capital Management LLC (1.49%) and Invesco Ltd. (1.35%). Company insiders that own Westamerica Bancorporation stock include Dennis R Hansen, Edward B Sylvester, George S Ensinger, John A Thorson and Russell W Rizzardi. View institutional ownership trends for Westamerica Bancorporation.

Which major investors are selling Westamerica Bancorporation stock?

WABC stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Morgan Stanley, Morgan Stanley, Deprince Race & Zollo Inc., Schroder Investment Management Group, UBS Group AG, Arizona State Retirement System, and Principal Financial Group Inc.. Company insiders that have sold Westamerica Bancorporation company stock in the last year include Edward B Sylvester, George S Ensinger, and John A Thorson. View insider buying and selling activity for Westamerica Bancorporation.

Which major investors are buying Westamerica Bancorporation stock?

WABC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Atlanta Capital Management Co. L L C, Geode Capital Management LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Rhumbline Advisers, and Nuveen Asset Management LLC. View insider buying and selling activity for Westamerica Bancorporation.

How do I buy shares of Westamerica Bancorporation?

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

What is Westamerica Bancorporation's stock price today?

One share of WABC stock can currently be purchased for approximately $59.19.

How big of a company is Westamerica Bancorporation?

Westamerica Bancorporation has a market capitalization of $1.59 billion and generates $206.09 million in revenue each year. The financial services provider earns $80.39 million in net income (profit) each year or $2.98 on an earnings per share basis. Westamerica Bancorporation employs 762 workers across the globe.

What is Westamerica Bancorporation's official website?

The official website for Westamerica Bancorporation is www.westamerica.com.

How can I contact Westamerica Bancorporation?

Westamerica Bancorporation's mailing address is 1108 FIFTH AVENUE, SAN RAFAEL CA, 94901. The financial services provider can be reached via phone at 707-863-6000 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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