Streetbeat News

WABC

Westamerica Bancorporation

https://www.westamerica.com

Industry

Banks - Regional

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. It operates through 78 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was incorporated in 1972 and is headquartered in San Rafael, California.

Open

57.12

Mkt cap

1.5B

Volume

92K

High

58.12

P/E Ratio

10.39

52-wk high

59.33

Low

56.46

Div yield

0.04

52-wk low

43.82

Westamerica Bancorp (NASDAQ:WABC) reported Q3 earnings of $1.31 per share, beating estimates of $1.24, despite a 16.03% decrease from last year. Sales were $74.39M, surpassing the $73.12M estimate, but down 10.77% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 2:53 pm

Maxim Group analyst Michael Diana has downgraded Westamerica Bancorp (NASDAQ:WABC) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:10 pm

Piper Sandler analyst Andrew Liesch maintains a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) and raises the price target from $50 to $57.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:36 pm

Westamerica Bancorporation (WABC) expects to receive $309,000 in principal payments from debt securities during the twelve months ending June 30, 2025.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:18 pm

Westamerica Bancorp (NASDAQ:WABC) reported Q2 2024 GAAP EPS of $1.33, beating the estimate of $1.30. Sales were $74.6M, surpassing the $74.04M estimate but down 7.88% from last year's $80.981M.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:17 pm

Keefe, Bruyette & Woods analyst Kelly Motta reiterated a Market Perform rating on Westamerica Bancorp (NASDAQ:WABC) and lowered the price target from $58 to $57.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:04 pm

Piper Sandler analyst Andrew Liesch maintains a Neutral rating on Westamerica Bancorp (WABC) and lowers the price target from $51 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:51 pm

Westamerica Bancorp (NASDAQ:WABC) reported Q1 earnings of $1.37 per share, meeting analyst estimates but marking a 9.27% decrease from last year. Sales were $76.19M, missing estimates by 1.71% and down 4.89% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:55 pm

Westamerica Bancorp (NASDAQ:WABC) announces a dividend payout of $0.44 per share with an annualized yield of 3.54%, payable on February 16, 2024, to shareholders of record as of February 2, 2024. The company has shown a positive trend in dividend per share from $1.64 in 2020 to $1.72 in 2023, alongside an increase in earnings per share from $2.97 in 2020 to $6.04 in 2023, indicating a healthy financial status. Northwest Bancshares (NASDAQ:NWBI) leads in dividend yield among peers with 6.64%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

Westamerica Bancorp (NASDAQ:WABC) announced a quarterly dividend of 44 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on February 16, 2024. The stock is expected to open 44 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

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