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

Piper Sandler has maintained a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) but lowered its price target from $56.00 to $55.00. Westamerica Bancorp's shares are currently trading at $52.11, and the new price target suggests a potential upside of 5.55%. The bank, with approximately $7.5 billion in assets, primarily serves commercial clients in central and northern California.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

Piper Sandler analyst Andrew Liesch has maintained a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) and reduced the price target from $56 to $55.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:28 pm

Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on Westamerica Bancorp (NASDAQ:WABC) but lowered the price target from $60 to $58.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:05 pm

Westamerica Bancorp (NASDAQ:WABC) reported Q4 earnings with an EPS of $1.48, beating estimates by 1.37% and showing a revenue increase of $1.11 million year-over-year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:30 pm

Westamerica Bancorp (NASDAQ:WABC) reported Q4 earnings of $1.48 per share, surpassing the consensus estimate of $1.46, marking a 1.37% year-over-year increase. However, their quarterly sales of $80.73M fell slightly short of the $80.86M estimate, though they were up 1.40% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:58 pm

Westamerica Bancorp (NASDAQ:WABC) has announced a quarterly dividend of 44 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 44 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

Piper Sandler analyst Scott Siefers maintains a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) and raises the price target from $46 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:04 pm

Westamerica Bancorp (NASDAQ:WABC) reported Q3 earnings of $1.56 per share, beating the analyst consensus estimate of $1.44 by 8.33%. This is a 20.93% increase from the same period last year. The company also reported quarterly sales of $83.37 million, beating the analyst consensus estimate of $79.57 million by 4.78%. This is a 14.84% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 3:02 pm

Westamerica Bancorp (NASDAQ:WABC) has announced a quarterly dividend of 44 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own WABC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 18, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:17 am

Westamerica Bancorporation (NASDAQ:WABC) has declared a quarterly cash dividend of $0.44 per share, payable on August 18, 2023. The company recently reported a net income of $40.2 million for Q2 2023.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 4:37 pm

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