WABC - Westamerica Bancorporation Stock Price, Fair Value and News

50.42USD+0.50 (+1.00%)Delayed

Market Summary

USD50.42+0.50

Delayed

1.00%

WABC Stock Price

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WABC RSI Chart

WABC Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

8.53

Price/Sales (Trailing)

4.75

EV/EBITDA

2.67

Price/Free Cashflow

8.7

WABC Price/Sales (Trailing)

WABC Profitability

EBT Margin

76.28%

Return on Equity

19.92%

Return on Assets

2.44%

Free Cashflow Yield

11.49%

WABC Fundamentals

WABC Revenue

Revenue (TTM)

283.1M

Rev. Growth (Yr)

-1.26%

Rev. Growth (Qtr)

-3.25%

WABC Earnings

Earnings (TTM)

157.7M

Earnings Growth (Yr)

-9.97%

Earnings Growth (Qtr)

-7.73%

Breaking Down WABC Revenue

Last 7 days

0.8%

Last 30 days

10.8%

Last 90 days

7.9%

Trailing 12 Months

27.5%

How does WABC drawdown profile look like?

WABC Financial Health

WABC Investor Care

Dividend Yield

3.45%

Dividend/Share (TTM)

1.74

Shares Dilution (1Y)

0.11%

Diluted EPS (TTM)

5.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	283.1M	0	0	0
2023	247.6M	270.1M	282.2M	284.0M
2022	174.9M	178.6M	195.6M	221.8M
2021	168.2M	170.9M	173.4M	173.4M
2020	159.2M	161.1M	162.8M	165.9M
2019	154.9M	157.2M	158.3M	158.7M
2018	140.5M	143.8M	147.8M	151.7M
2017	134.5M	134.9M	136.0M	138.3M
2016	136.3M	135.6M	134.7M	134.1M
2015	138.6M	137.6M	137.0M	136.5M
2014	149.5M	145.6M	142.6M	140.2M
2013	175.5M	167.9M	160.6M	154.4M
2012	203.8M	197.6M	190.9M	183.4M
2011	217.6M	215.7M	212.4M	208.0M
2010	238.8M	230.8M	224.8M	221.2M
2009	0	219.6M	230.8M	241.9M
2008	0	0	0	208.5M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
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Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Westamerica Bancorporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	ensinger george s	sold	-30,234	47.6139	-635	svp/human resources div. mgr
Apr 23, 2024	belew alisa jane	bought	9,943	47.805	208	-
Apr 22, 2024	thorson john a	sold	-51,964	47.24	-1,100	svp/cfo
Mar 26, 2024	ensinger george s	acquired	471	47.17	10.00	svp/human resources div. mgr
Mar 01, 2024	thorson john a	sold (taxes)	-48,770	45.58	-1,070	svp/cfo
Mar 01, 2024	ensinger george s	sold (taxes)	-26,755	45.58	-587	svp/human resources div. mgr
Mar 01, 2024	donohoe brian j	sold (taxes)	-34,093	45.58	-748	svp/operations and systems mgr
Feb 01, 2024	payne david l	sold	-527,414	46.7897	-11,272	chairman, president & ceo
Jan 31, 2024	payne david l	sold	-735,000	49.00	-15,000	chairman, president & ceo

Which funds bought or sold WABC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.03	-279,652	1,299,380	-%
May 16, 2024	COMERICA BANK	reduced	-9.59	-151,569	548,140	-%
May 16, 2024	Virtus Investment Advisers, Inc.	sold off	-100	-654,018	-	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-1,245,480	-	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	unchanged	-	-1,370	8,897	-%
May 15, 2024	Voya Investment Management LLC	reduced	-6.81	-292,975	1,229,140	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	-7,530	48,880	-%
May 15, 2024	Snowden Capital Advisors LLC	sold off	-100	-721,089	-	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	582,259	582,259	-%
May 15, 2024	ALGERT GLOBAL LLC	reduced	-7.24	-765,000	3,131,000	0.12%

Are Funds Buying or Selling WABC?

Are funds buying WABC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WABC

No. of Funds

Unveiling Westamerica Bancorporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	13.11%	3,492,884	SC 13G/A
Feb 12, 2024	american century investment management inc	5.46%	1,455,759	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	3,902,878	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	2.9%	785,265	SC 13G/A
Feb 09, 2023	vanguard group inc	12.63%	3,397,651	SC 13G/A
Feb 08, 2023	american century investment management inc	3.80%	1,022,892	SC 13G/A
Jan 24, 2023	blackrock inc.	14.1%	3,803,079	SC 13G
Oct 11, 2022	price t rowe associates inc /md/	7.8%	2,108,682	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	13.5%	3,643,235	SC 13G/A
Feb 10, 2022	vanguard group inc	11.58%	3,109,991	SC 13G/A

Recent SEC filings of Westamerica Bancorporation

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 06, 2024	8-K/A	Current Report
May 01, 2024	4	Insider Trading
Apr 29, 2024	144	Notice of Insider Sale Intent
Apr 29, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 18, 2024	8-K	Current Report

Peers (Alternatives to Westamerica Bancorporation)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Westamerica Bancorporation News

Latest updates

Westamerica Bancorporation Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.2%	69.00	71.00	73.00	70.00	70.00	69.00	61.00	48.00	44.00	43.00	44.00	44.00	42.00	43.00	41.00	42.00	40.00	40.00	40.00	40.00	39.00
EBITDA Margin	-1.5%	1.78*	1.81*	1.81*	1.82*	1.82*	1.81*	1.81*	1.79*	1.78*	1.76*	1.77*	1.77*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.2%	66.00	69.00	72.00	70.00	69.00	69.00	60.00	48.00	43.00	43.00	43.00	44.00	42.00	42.00	41.00	41.00	40.00	39.00	39.00	39.00	39.00
Income Taxes	-15.3%	13.00	15.00	15.00	14.00	15.00	15.00	13.00	9.00	7.00	8.00	8.00	8.00	7.00	8.00	7.00	6.00	5.00	6.00	7.00	6.00	6.00
Earnings Before Taxes	-9.9%	49.00	55.00	57.00	55.00	55.00	54.00	47.00	34.00	30.00	29.00	30.00	31.00	27.00	32.00	27.00	26.00	22.00	27.00	27.00	26.00	25.00
EBT Margin	-2.2%	0.76*	0.78*	0.78*	0.78*	0.77*	0.75*	0.72*	0.69*	0.69*	0.67*	0.69*	0.68*	-	-	-	-	-	-	-	-	-
Net Income	-7.7%	36.00	39.00	42.00	40.00	40.00	39.00	35.00	25.00	23.00	22.00	22.00	23.00	20.00	24.00	20.00	20.00	17.00	21.00	20.00	20.00	20.00
Net Income Margin	-2.2%	0.56*	0.57*	0.57*	0.57*	0.56*	0.55*	0.53*	0.51*	0.51*	0.50*	0.51*	0.51*	-	-	-	-	-	-	-	-	-
Free Cashflow	731.8%	52.00	-8.24	58.00	53.00	55.00	42.00	29.00	10.00	32.00	17.00	25.00	13.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.6%	6,465	6,365	6,567	6,583	6,700	6,950	7,177	7,222	7,306	7,461	7,404	7,148	6,912	6,748	6,563	6,464	5,628	5,620	5,616	5,523	5,556
Cash Equivalents	-	-	-	-	-	-	-	-	-	-	70.00	-	-	-	78.00	-	-	-	123	-	-	-
Net PPE	-2.1%	26.00	27.00	27.00	28.00	28.00	29.00	30.00	30.00	31.00	31.00	32.00	32.00	32.00	33.00	33.00	34.00	35.00	35.00	34.00	34.00	34.00
Goodwill	0%	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122
Liabilities	1.5%	5,673	5,592	5,919	5,931	6,058	6,348	6,638	6,605	6,605	6,634	6,566	6,306	6,100	5,903	5,738	5,656	4,923	4,888	4,903	4,830	4,899
Short Term Borrowings	-13.5%	50.00	58.00	115	138	83.00	58.00	77.00	118	124	146	119	90.00	95.00	103	108	86.00	53.00	31.00	46.00	55.00	58.00
Shareholder's Equity	2.4%	792	773	648	652	643	602	539	617	702	827	838	842	812	845	826	808	706	731	713	693	657
Retained Earnings	5.0%	515	490	462	432	403	383	355	332	318	306	296	285	273	264	255	247	239	239	230	220	212
Shares Outstanding	0.0%	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	687	-	-	-	860	-	-	-	885	-	-	-	1,546	-	-	-	1,661	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	754.2%	52,212	-7,981	58,527	52,580	55,082	41,819	29,460	10,600	31,823	17,605	25,664	13,194	32,272	11,504	30,317	11,472	54,451	16,041	25,120	16,104	23,437
Cashflow From Investing	85.7%	130,839	70,453	137,140	168,068	171,613	139,031	-396,985	-287,781	-85,551	-37,424	-185,161	-74,203	-9,296	83,230	-211,842	-506,610	-113,700	-50,968	-77,297	55,742	50,226
Cashflow From Financing	120.8%	60,885	-292,708	-41,304	-149,663	-325,729	-300,279	27,897	-7,119	-40,764	140,856	230,616	134,481	222,206	127,577	79,669	691,330	-9,544	-7,291	49,230	-75,048	-72,159
Dividend Payments	0.0%	11,735	11,733	11,726	11,192	11,303	11,303	11,303	11,292	11,284	11,283	11,015	11,015	10,991	11,022	11,043	11,116	11,104	11,093	11,063	11,041	10,745
Buy Backs	-	210	-	-	-	13,747	-	-	-	218	-	-	-	232	4,762	1,868	619	9,247	-	-	488	-

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WABC Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and Fee Income:
Loans	$ 11,324	$ 11,740
Equity securities	174	152
Debt securities available for sale	46,243	46,810
Debt securities held to maturity	8,722	8,980
Interest-bearing cash	2,283	1,942
Total Interest and Fee Income	68,746	69,624
Interest Expense:
Deposits	2,106	458
Bank Term Funding Program borrowings	843	0
Securities sold under repurchase agreements	52	13
Total Interest Expense	3,001	471
Net Interest and Fee Income	65,745	69,153
Provision (reversal of provision) for credit losses	300	(1,550)
Net Interest and Fee Income After Provision (Reversal of Provision) for Credit Losses	65,445	70,703
Noninterest Income:
Other noninterest income	754	987
Total Noninterest Income	10,097	10,549
Noninterest Expense:
Salaries and related benefits	12,586	12,067
Occupancy and equipment	5,040	5,485
Outsourced data processing services	2,536	2,444
Investment loss included in pre-tax income	1,440	1,434
Courier service	649	615
Professional fees	402	476
Other noninterest expense	3,446	3,689
Total Noninterest Expense	26,099	26,210
Income Before Income Taxes	49,443	55,042
Provision for income taxes	13,026	14,591
Net Income	$ 36,417	$ 40,451
Average Common Shares Outstanding (in shares)	26,674	26,859
Average Diluted Common Shares Outstanding (in shares)	26,675	26,866
Per Common Share Data:
Basic earnings (in dollars per share)	$ 1.37	$ 1.51
Diluted earnings (in dollars per share)	1.37	1.51
Dividends paid (in dollars per share)	$ 0.44	$ 0.42
Deposit Account [Member]
Noninterest Income:
Noninterest income revenue	$ 3,470	$ 3,465
Credit Card, Merchant Discount [Member]
Noninterest Income:
Noninterest income revenue	2,507	2,637
Debit Card [Member]
Noninterest Income:
Noninterest income revenue	1,543	1,642
Fiduciary and Trust [Member]
Noninterest Income:
Noninterest income revenue	794	765
ATM Processing Fees [Member]
Noninterest Income:
Noninterest income revenue	591	654
Financial Service, Other [Member]
Noninterest Income:
Noninterest income revenue	$ 438	$ 399

WABC Balance Sheet

2024-03-31

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 434,250	$ 190,314
Debt securities available for sale	3,889,177	3,999,801
Debt securities held to maturity, net of allowance for credit losses of $1 at March 31, 2024 and December 31, 2023 (Fair value of $829,455 at March 31, 2024 and $849,562 at December 31, 2023)	868,725	878,396
Loans	844,677	866,602
Allowance for credit losses on loans	(15,879)	(16,867)
Loans, net of allowance for credit losses on loans	828,798	849,735
Premises and equipment, net	26,458	27,016
Identifiable intangibles, net	291	347
Goodwill	121,673	121,673
Other assets	295,313	297,310
Total Assets	6,464,685	6,364,592
Liabilities:
Noninterest-bearing deposits	2,514,161	2,605,844
Interest-bearing deposits	2,840,764	2,868,423
Total deposits	5,354,925	5,474,267
Bank Term Funding Program borrowings	200,000	0
Securities sold under repurchase agreements	50,334	58,162
Other liabilities	67,735	59,269
Total Liabilities	5,672,994	5,591,698
Contingencies (Note 10)
Shareholders' Equity:
Common stock (no par value), authorized: 150,000 shares issued and outstanding: 26,678 at March 31, 2024 and 26,671 at December 31, 2023	473,954	473,136
Deferred compensation	35	35
Accumulated other comprehensive loss	(196,857)	(190,282)
Retained earnings	514,559	490,005
Total Shareholders' Equity	791,691	772,894
Total Liabilities and Shareholders' Equity	$ 6,464,685	$ 6,364,592

About Westamerica Bancorporation

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. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was founded in 1884 and is headquartered in San Rafael, California.

CEO	Mr. David L. Payne
WEBSITE	westamerica.com
INDUSTRY	Banks Diversified
EMPLOYEES	594

Westamerica Bancorporation Frequently Asked Questions

What is the ticker symbol for Westamerica Bancorporation? What does WABC stand for in stocks?

WABC is the stock ticker symbol of Westamerica Bancorporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Westamerica Bancorporation (WABC)?

As of Fri May 17 2024, market cap of Westamerica Bancorporation is 1.35 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WABC stock?

You can check WABC's fair value in chart for subscribers.

What is the fair value of WABC stock?

You can check WABC's fair value in chart for subscribers. The fair value of Westamerica Bancorporation is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Westamerica Bancorporation is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WABC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Westamerica Bancorporation a good stock to buy?

The fair value guage provides a quick view whether WABC is over valued or under valued. Whether Westamerica Bancorporation is cheap or expensive depends on the assumptions which impact Westamerica Bancorporation's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WABC.

What is Westamerica Bancorporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, WABC's PE ratio (Price to Earnings) is 8.53 and Price to Sales (PS) ratio is 4.75. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WABC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Westamerica Bancorporation's stock?

In the past 10 years, Westamerica Bancorporation has provided 0.028 (multiply by 100 for percentage) rate of return.