Westamerica Bancorp Azioni (NASDAQ: WABC)

Westamerica Bancorp (NASDAQ:WABC) Azioni

Westamerica Bancorp

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 - Common Stock

SAN RAFAEL, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) today declared a quarterly cash dividend of $0.46 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 5, 2025. The dividend is payable May 16, 2025.
Chairman, President and CEO David Payne stated, "This increase in the quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile."

News

Dividends

WABC

Westamerica Bancorp Hikes Quarterly Cash Dividend By 2 Cent Per Share To $0.46/Shr

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Market Perform and lowers the price target from $58 to $55.

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on Westamerica Bancorp, Lowers Price Target to $55

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Piper Sandler slashed the price target for Westamerica Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) from $54 to $50. Piper Sandler analyst Andrew Liesch maintained a Neutral rating. Westamerica shares settled at $45.97 on Thursday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
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Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Neutral and lowers the price target from $54 to $50.

Piper Sandler Maintains Neutral on Westamerica Bancorp, Lowers Price Target to $50

Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.11 by 4.5 percent. This is a 15.33 percent decrease over earnings of $1.37 per share from the same period last year.

Earnings

Earnings Beats

Westamerica Bancorp Q1 EPS $1.16 Beats $1.11 Estimate

Buybacks

Westamerica Bancorporation Announces Plans To Repurchase ~7.5% Of Outstanding Shares

Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.18 by 0.85 percent. This is a 19.59 percent decrease over earnings of $1.48 per share from the same period last year. The company reported quarterly sales of $69.88 million which beat the analyst consensus estimate of $69.75 million by 0.18 percent. This is a 13.44 percent decrease over sales of $80.73 million the same period last year.

Westamerica Bancorp Q4 EPS $1.19 Beats $1.18 Estimate, Sales $69.88M Beat $69.75M Estimate

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Westamerica Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wabc#NASDAQ">WABC</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.24 by 2.42 percent. This is a 18.59 percent decrease over earnings of $1.56 per share from the same period last year. The company reported quarterly sales of $74.39 million which beat the analyst consensus estimate of $73.12 million by 1.74 percent. This is a 10.77 percent decrease over sales of $83.37 million the same period last year.

Small Cap

UPDATE: Westamerica Bancorp Q3 Adj $1.27 Beats $1.24 Estimate, Sales $74.39M Beat $73.12M Estimate

Maxim Group analyst Michael Diana downgrades Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) from Buy to Hold.

Downgrades

Maxim Group Downgrades Westamerica Bancorp to Hold

Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Neutral and raises the price target from $50 to $57.

Piper Sandler Maintains Neutral on Westamerica Bancorp, Raises Price Target to $57

Guidance

During The Twelve Months Ending June 30, 2025, Westamerica Bancorporation Expects To Receive $309,000 In Principal Payments From Debt Securities.

Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.30 by 2.31 percent. The company reported quarterly sales of $74.600 million which beat the analyst consensus estimate of $74.040 million by 0.76 percent. This is a 7.88 percent decrease over sales of $80.981 million the same period last year.

Westamerica Bancorp Q2 2024 GAAP EPS $1.33 Beats $1.30 Estimate, Sales $74.600M Beat $74.040M Estimate

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Market Perform and lowers the price target from $58 to $57.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on Westamerica Bancorp, Lowers Price Target to $57

Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Neutral and lowers the price target from $51 to $50.

Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) reported quarterly earnings of $1.37 per share which met the analyst consensus estimate. This is a 9.27 percent decrease over earnings of $1.51 per share from the same period last year. The company reported quarterly sales of $76.19 million which missed the analyst consensus estimate of $77.52 million by 1.71 percent. This is a 4.89 percent decrease over sales of $80.11 million the same period last year.

Westamerica Bancorp Q1 EPS $1.37, Inline, Sales $76.19M Miss $77.52M Estimate

By the close of today, February 16, 2024, Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) will issue a dividend payout of $0.44 per share, resulting in an annualized dividend yield of 3.54%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 02, 2024.
<h3>Westamerica Bancorp Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-02</td>
<td style="text-align: right;">4</td>
<td>$0.44</td>
<td>3.54%</td>
<td>2024-01-25</td>
<td>2024-02-05</td>
<td>2024-02-16</td>
</tr>
<tr>
<td>2023-11-03</td>
<td style="text-align: right;">4</td>
<td>$0.44</td>
<td>3.84%</td>
<td>2023-10-26</td>
<td>2023-11-06</td>
<td>2023-11-17</td>
</tr>
<tr>
<td>2023-08-04</td>
<td style="text-align: right;">4</td>
<td>$0.44</td>
<td>3.62%</td>
<td>2023-07-27</td>
<td>2023-08-07</td>
<td>2023-08-18</td>
</tr>
<tr>
<td>2023-05-05</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>4.24%</td>
<td>2023-04-27</td>
<td>2023-05-08</td>
<td>2023-05-19</td>
</tr>
<tr>
<td>2023-02-03</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>3.03%</td>
<td>2023-01-26</td>
<td>2023-02-06</td>
<td>2023-02-17</td>
</tr>
<tr>
<td>2022-11-04</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>2.7%</td>
<td>2022-10-27</td>
<td>2022-11-07</td>
<td>2022-11-18</td>
</tr>
<tr>
<td>2022-08-05</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>2.86%</td>
<td>2022-07-28</td>
<td>2022-08-08</td>
<td>2022-08-19</td>
</tr>
<tr>
<td>2022-05-06</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>2.85%</td>
<td>2022-04-28</td>
<td>2022-05-09</td>
<td>2022-05-20</td>
</tr>
<tr>
<td>2022-02-04</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>2.87%</td>
<td>2022-01-27</td>
<td>2022-02-07</td>
<td>2022-02-18</td>
</tr>
<tr>
<td>2021-11-05</td>
<td style="text-align: right;">4</td>
<td>$0.42</td>
<td>3.1%</td>
<td>2021-10-28</td>
<td>2021-11-08</td>
<td>2021-11-19</td>
</tr>
<tr>
<td>2021-07-30</td>
<td style="text-align: right;">4</td>
<td>$0.41</td>
<td>2.91%</td>
<td>2021-07-22</td>
<td>2021-08-02</td>
<td>2021-08-13</td>
</tr>
<tr>
<td>2021-04-30</td>
<td style="text-align: right;">4</td>
<td>$0.41</td>
<td>2.58%</td>
<td>2021-04-22</td>
<td>2021-05-03</td>
<td>2021-05-14</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Westamerica Bancorp finds itself in the middle ground among its industry peers, while Northwest Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWBI#NASDAQ">NWBI</a>) takes the lead with the highest annualized dividend yield at 6.64%.
<h3>Analyzing Westamerica Bancorp Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708095934_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.64 in 2020 to $1.72 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Westamerica Bancorp</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708095934_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Westamerica Bancorp's earnings per share, from $2.97 in 2020 to $6.04 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article takes an in-depth look at Westamerica Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.44 per share today, translating to an annualized dividend yield of 3.54%.
In terms of dividend yield, Westamerica Bancorp finds itself in the middle ground among its industry peers, while Northwest Bancshares takes the lead with the highest annualized dividend yield at 6.64%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Westamerica Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NWBI

Surpassing Expectations: Westamerica Bancorp Unleashes Growth Potential and Rewards Investors

Thursday marks the last chance for investors to receive the next dividend payout from Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 44 cents per share. On Friday, Westamerica Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 44 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own WABC as of the end of Thursday's session are eligible to receive the 44 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 16, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Westamerica Bancorp's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Westamerica Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) and lower its price target from $56.00 to $55.00.
Shares of Westamerica Bancorp are trading up 0.0% over the last 24 hours, at $52.11 per share.
A move to $55.00 would account for a 5.55% increase from the current share price.
<h3>About Westamerica Bancorp</h3>
Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The bank's 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.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Piper Sandler Maintains Neutral Rating for Westamerica Bancorp: Here's What You Need To Know

Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) with a Neutral and lowers the price target from $56 to $55.

Piper Sandler Maintains Neutral on Westamerica Bancorp, Lowers Price Target to $55

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