Westamerica Bancorporation (WABC)
NASDAQ:WABC
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Westamerica Bancorporation
(NASDAQ:WABC)
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Rating:71Outperform
Price Target:
$56.00
â–²(4.28% Upside)
Action:ReiteratedDate:02/28/26
The score is primarily driven by strong underlying profitability and a conservative balance sheet, tempered by the post-2023 slowdown in revenue/earnings/free cash flow. Valuation (low P/E with a solid yield) and positive corporate actions (buyback and dividend continuity) support the score, while technical indicators remain neutral-to-mixed.
Positive Factors
Conservative Balance Sheet
Westamerica's low leverage and conservative capital posture provide durable resilience to credit or rate shocks. This financial flexibility supports ongoing dividend payments and buybacks, allows selective loan origination, and reduces regulatory strain, preserving long-term franchise stability.
Negative Factors
Revenue and Earnings Weakness
A multi-year decline in revenue and earnings momentum suggests weakening demand or lower lending/investment volumes. Persistent top‑line contraction reduces scalability, limits reinvestment, and can compress returns unless loan growth or fee income recovers materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Westamerica's low leverage and conservative capital posture provide durable resilience to credit or rate shocks. This financial flexibility supports ongoing dividend payments and buybacks, allows selective loan origination, and reduces regulatory strain, preserving long-term franchise stability.
Read all positive factors
Westamerica Bancorporation (WABC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.31B
Dividend Yield3.7%
Average Volume (3M)160.41K
Price to Earnings (P/E)10.2
Beta (1Y)0.73
Revenue Growth-13.17%
EPS Growth-16.37%
CountryUS
Employees616
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.12
Shares Outstanding24,350,014
10 Day Avg. Volume146,817
30 Day Avg. Volume160,412
Financial Highlights & Ratios
PEG Ratio-0.79
Price to Book (P/B)1.27
Price to Sales (P/S)4.37
P/FCF Ratio9.94
Enterprise Value/Market Cap0.70
Enterprise Value/Revenue3.37
Enterprise Value/Gross Profit3.54
Enterprise Value/Ebitda5.58
Forecast
1Y Price Target
$55.00Price Target Upside2.42% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)4.25
Revenue Forecast (FY)$240.50M
Westamerica Bancorporation Business Overview & Revenue Model
Company Description
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 savin...
How the Company Makes Money
Westamerica Bancorporation generates revenue primarily through the interest earned on loans and investments, known as net interest income. The company makes money by lending to customers at higher interest rates than it pays on deposits. Key reven...
Westamerica Bancorporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 271.84M | 311.17M | 327.54M | 266.88M | 216.79M |
| Gross Profit | 258.70M | 293.45M | 324.80M | 264.95M | 214.83M |
| EBITDA | 162.78M | 199.46M | 233.35M | 182.16M | 133.64M |
| Net Income | 116.17M | 138.64M | 161.77M | 122.03M | 86.51M |
Balance Sheet | |||||
| Total Assets | 5.96B | 6.08B | 6.36B | 6.95B | 7.46B |
| Cash, Cash Equivalents and Short-Term Investments | 4.04B | 1.94B | 4.19B | 4.63B | 5.77B |
| Total Debt | 159.50M | 138.31M | 76.98M | 73.54M | 164.23M |
| Total Liabilities | 5.03B | 5.19B | 5.59B | 6.35B | 6.63B |
| Stockholders Equity | 933.51M | 889.96M | 772.89M | 602.11M | 827.10M |
Cash Flow | |||||
| Free Cash Flow | 119.59M | 139.83M | 157.05M | 112.89M | 87.41M |
| Operating Cash Flow | 121.90M | 141.57M | 158.21M | 113.70M | 88.73M |
| Investing Cash Flow | 149.67M | 715.68M | 547.27M | -631.29M | -306.08M |
| Financing Cash Flow | -305.20M | -446.07M | -809.40M | -320.26M | 728.16M |
Westamerica Bancorporation Technical Analysis
Positive
53.70
Price Trends
51.30
Positive
49.78
Positive
48.79
Positive
Market Momentum
0.52
Negative
69.14
Neutral
86.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WABC, the sentiment is Positive. The current price of 53.7 is above the 20-day moving average (MA) of 51.17, above the 50-day MA of 51.30, and above the 200-day MA of 48.79, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 69.14 is Neutral, neither overbought nor oversold. The STOCH value of 86.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WABC.
Westamerica Bancorporation Risk Analysis
Westamerica Bancorporation disclosed 24 risk factors in its most recent earnings report. Westamerica Bancorporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Westamerica Bancorporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.36B | 9.79 | 5.08% | 1.56% | -6.29% | -21.17% | |
73 Outperform | $1.57B | 10.17 | 4.23% | 3.14% | -1.79% | -23.87% | |
72 Outperform | $1.24B | 8.90 | 16.91% | 2.99% | -3.05% | -0.51% | |
71 Outperform | $1.31B | 10.23 | 12.53% | 3.70% | -13.17% | -16.37% | |
69 Neutral | $1.28B | 10.37 | 12.27% | 2.57% | 5.21% | 24.51% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $1.58B | 16.76 | 11.29% | 3.99% | 14.13% | -12.75% |
* Financial Sector Average
WABC
Westamerica Bancorporation
53.70
11.11
26.08%
DCOM
Dime Community Bancshares
35.72
12.40
53.17%
PFBC
Preferred Bank
92.75
19.12
25.97%
RBCAA
Republic Bancorp
73.04
14.01
23.74%
OBK
Origin Bancorp
43.79
14.70
50.55%
BFC
Bank First National
141.10
46.13
48.58%
Westamerica Bancorporation Corporate Events
Executive/Board Changes
Westamerica Bancorporation Appoints Carter Welch to Board
Positive
Jan 23, 2026
On January 22, 2026, Westamerica Bancorporation announced that its Board of Directors appointed Carter Welch as an independent director, with his term to begin on February 26, 2026 and continue until a successor is nominated, qualified and elected...
DividendsFinancial Disclosures
Westamerica Bancorporation Declares Quarterly Cash Dividend, Signals Stability
Positive
Jan 22, 2026
On January 22, 2026, Westamerica Bancorporation’s board declared a quarterly cash dividend of $0.46 per share on common stock, payable on February 13, 2026, to shareholders of record as of February 2, 2026, underscoring the bank’s cons...
Business Operations and StrategyStock Buyback
Westamerica Bancorporation Announces Significant Share Repurchase Program
Positive
Dec 18, 2025
On December 18, 2025, Westamerica Bancorporation announced that its board of directors had approved a stock repurchase plan authorizing the company to buy back up to 2,000,000 shares of its common stock, or about 8% of shares outstanding as of Sep...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.