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Westamerica Bancorporation Announces Stock Repurchase Plan
Globe Newswire (Thu, 27-Feb 2:11 PM ET)
Westamerica Bancorporation Declares Quarterly Cash Dividend
Globe Newswire (Thu, 23-Jan 11:37 AM ET)
Westamerica Bancorporation Reports Fourth Quarter 2024 Financial Results
Globe Newswire (Thu, 16-Jan 11:04 AM ET)
Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The banks' net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller businesses. Its footprint encompasses central and northern California, extending north of San Francisco to Mendocino and Lake counties, south to Kern County in central California and all the way east to Nevada County.
Westamerica Bancorporation trades on the NASDAQ stock market under the symbol WABC.
As of March 5, 2025, WABC stock price climbed to $50.30 with 252,159 million shares trading.
WABC has a beta of 0.97, meaning it tends to be less sensitive to market movements. WABC has a correlation of 0.20 to the broad based SPY ETF.
WABC has a market cap of $1.34 billion. This is considered a Small Cap stock.
Last quarter Westamerica Bancorporation reported $70 million in Revenue and $1.19 earnings per share. This beat revenue expectation by $125,000 and exceeded earnings estimates by $.01.
In the last 3 years, WABC traded as high as $63.86 and as low as $35.52.
The top ETF exchange traded funds that WABC belongs to (by Net Assets): IJR, VTI, IWM, VB, AVUV.
WABC has underperformed the market in the last year with a return of +13.5%, while the SPY ETF gained +15.2%. In the last 3 month period, WABC fell short of the market, returning -10.6%, while SPY returned -3.7%. However, in the most recent 2 weeks WABC has outperformed the stock market by returning +0.2%, while SPY returned -4.6%.
WABC support price is $49.38 and resistance is $51.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WABC shares will trade within this expected range on the day.