Westamerica Bancorporation (WABC) Stock Price, News & Analysis

2 Wall Street 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 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.
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2 Wall Street research analysts have issued 1-year price targets for Westamerica Bancorporation's shares. Their WABC share price targets range from $55.00 to $58.00. On average, they expect the company's stock price to reach $56.50 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price.
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Westamerica Bancorporation's stock was trading at $56.41 on January 1st, 2024. Since then, WABC stock has decreased by 19.3% and is now trading at $45.55.
View the best growth stocks for 2024 here.

Westamerica Bancorporation saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 327,500 shares, a decline of 17.1% from the March 15th total of 395,000 shares. Based on an average daily trading volume, of 164,500 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.3% of the shares of the company are sold short.
View Westamerica Bancorporation's Short Interest.

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

Westamerica Bancorporation (NASDAQ:WABC) posted its earnings results on Wednesday, October, 20th. The financial services provider reported $0.82 earnings per share 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 analyst estimates of $53.57 million. Westamerica Bancorporation had a net margin of 49.39% and a trailing twelve-month return on equity of 23.61%.

Westamerica Bancorporation announced a quarterly dividend on Thursday, January 25th. Stockholders of record on Monday, February 5th will be given a dividend of $0.44 per share on Friday, February 16th. This represents a $1.76 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, February 2nd.
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 3.86%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WABC will have a dividend payout ratio of 37.45% 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 SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

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 many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.05%), Los Angeles Capital Management LLC (0.02%) and CWM LLC (0.01%). Insiders that own company stock include Curtis Belton, David L Payne, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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