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Westamerica Bancorporation
(NASDAQ:WABC)
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Rating:76Outperform
Price Target:
$68.00
â–²(12.36% Upside)
Action:Reiterated
Date:07/24/26
The score is primarily driven by strong underlying financial quality (high margins, low leverage, solid cash conversion) despite slowing growth versus prior highs. Technicals are supportive with price above key moving averages and positive MACD, while valuation is reasonable with a moderate P/E and solid dividend yield. Recent corporate actions (dividend declaration and expanded buyback authorization) add incremental support.
Positive Factors
High Profitability
Sustained, very high TTM margins indicate a profitable core banking model that generates reliable earnings from loan spreads and fee income. Such margin strength provides long-term capacity to absorb credit losses, support dividends, and maintain capital despite cyclical headwinds.
Negative Factors
Slowing Revenue Growth
Material negative revenue growth indicates weaker underlying business activity or loan demand versus prior periods. Persisting top-line declines constrain earnings expansion, limit reinvestment capacity, and can pressure long-term profitability if not reversed by new loan growth or fee expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained, very high TTM margins indicate a profitable core banking model that generates reliable earnings from loan spreads and fee income. Such margin strength provides long-term capacity to absorb credit losses, support dividends, and maintain capital despite cyclical headwinds.
Read all positive factors
Westamerica Bancorporation (WABC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.41B
Dividend Yield3.13%
Average Volume (3M)160.41K
Price to Earnings (P/E)13.2
Beta (1Y)0.71
Revenue Growth-8.51%
EPS Growth-5.30%
CountryUS
Employees627
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.49
Shares Outstanding23,487,955
10 Day Avg. Volume146,817
30 Day Avg. Volume160,412
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)1.27
Price to Sales (P/S)4.37
P/FCF Ratio9.94
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$64.00Price Target Upside5.75% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)4.48
Revenue Forecast (FY)$247.50M
Westamerica Bancorporation Business Overview & Revenue Model
Company Description
Westamerica Bancorporation (WABC) functions as a bank holding company, overseeing Westamerica Bank. Through its subsidiary, it delivers a comprehensive suite of financial products and services to both individual consumers and commercial enterprise...
How the Company Makes Money
Westamerica Bancorporation generates earnings primarily through its banking subsidiary by earning net interest income and noninterest income. Net interest income is driven by (1) interest and fee income on loans (such as commercial and industrial ...
Westamerica Bancorporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 267.41M | 271.84M | 311.17M | 327.54M | 266.88M | 216.79M |
| Gross Profit | 254.11M | 258.70M | 293.45M | 324.80M | 264.95M | 214.83M |
| EBITDA | 157.48M | 162.78M | 199.46M | 233.35M | 182.16M | 133.64M |
| Net Income | 112.49M | 116.17M | 138.64M | 161.77M | 122.03M | 86.51M |
Balance Sheet | ||||||
| Total Assets | 5.86B | 5.96B | 6.08B | 6.36B | 6.95B | 7.46B |
| Cash, Cash Equivalents and Short-Term Investments | 397.28M | 2.12B | 1.94B | 4.19B | 4.63B | 5.77B |
| Total Debt | 165.48M | 159.50M | 138.31M | 76.98M | 73.54M | 164.23M |
| Total Liabilities | 4.98B | 5.03B | 5.19B | 5.59B | 6.35B | 6.63B |
| Stockholders Equity | 882.69M | 933.51M | 889.96M | 772.89M | 602.11M | 827.10M |
Cash Flow | ||||||
| Free Cash Flow | 115.67M | 119.59M | 139.83M | 157.05M | 112.89M | 87.41M |
| Operating Cash Flow | 119.24M | 121.90M | 141.57M | 158.21M | 113.70M | 88.73M |
| Investing Cash Flow | -207.55M | 149.67M | 715.68M | 547.27M | -631.29M | -306.08M |
| Financing Cash Flow | -241.75M | -305.20M | -446.07M | -809.40M | -320.26M | 728.16M |
Westamerica Bancorporation Technical Analysis
Positive
60.52
Price Trends
58.23
Positive
55.42
Positive
51.93
Positive
Market Momentum
0.87
Positive
59.09
Neutral
54.74
Neutral
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 60.52 is above the 20-day moving average (MA) of 59.83, above the 50-day MA of 58.23, and above the 200-day MA of 51.93, indicating a bullish trend. The MACD of 0.87 indicates Positive momentum. The RSI at 59.09 is Neutral, neither overbought nor oversold. The STOCH value of 54.74 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.40B | 9.37 | 17.32% | 3.03% | 0.58% | 15.28% | |
77 Outperform | $1.74B | 15.31 | 12.30% | 2.02% | -2.70% | 2.61% | |
76 Outperform | $1.41B | 13.22 | 12.31% | 3.08% | -8.51% | -5.30% | |
74 Outperform | $1.69B | 16.94 | 7.97% | 1.30% | 3.63% | 43.62% | |
73 Outperform | $1.80B | 14.66 | 8.67% | 2.53% | 14.80% | 226.31% | |
73 Outperform | $1.71B | 19.86 | 11.14% | 1.29% | 23.23% | 11.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
WABC
Westamerica Bancorporation
60.15
13.68
29.44%
DCOM
Dime Community Bancshares
40.76
14.15
53.20%
PFBC
Preferred Bank
104.44
16.51
18.78%
RBCAA
Republic Bancorp
99.54
32.61
48.72%
OBK
Origin Bancorp
54.73
19.63
55.92%
BFC
Bank First National
152.74
36.53
31.44%
Westamerica Bancorporation Corporate Events
DividendsFinancial Disclosures
Westamerica Bancorporation Declares Quarterly Cash Dividend
Positive
Jul 23, 2026
On July 23, 2026, Westamerica Bancorporation’s board declared a quarterly cash dividend of $0.48 per share on common stock, payable on August 14, 2026 to shareholders of record as of August 3, 2026. Management emphasized that the dividend re...
Executive/Board ChangesShareholder Meetings
Westamerica Shareholders Back Board, Executive Pay and Auditor
Positive
Apr 27, 2026
At Westamerica Bancorporation’s annual meeting of shareholders held on April 23, 2026, proxies were solicited under federal securities regulations, with 20,862,774 of 24,189,404 outstanding common shares represented in person or by proxy. Sh...
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.