WABC

Westamerica Bancorporation

Fundamental data last updated:November 3, 2026

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company profile

SECTOR

Financial Services

industry

Banks - Regional

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

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. It operates through 78 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was incorporated in 1972 and is headquartered in San Rafael, California.

 


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VALUATION

P/E

11.96

Market Cap ($M USD)

$1.30B

Forward P/E

12.89

PEG

-1.79

PRICE TO SALES

4.86

PRICE TO BOOK

1.52

EV / EBITDA

6.82

5-Year Average P/E

Free Cash Flow Yield

8.90%

DCF Value

$97.74

Graham Number

$61.50

Price to FCF

11.24

EV to FCF

9.24

Earnings Yield

8.36%

FCF Yield

8.90%

DIVIDEND

Yield

3.36%

Annual Payout

$1.86

Payout Ratio

41.29%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$4.63

Next Year EPS Growth Estimate

$4.30

Next Year Revenue Growth Estimate

$238.80M

Return on Equity (ROE)

12.26%

FREE CASH FLOW

Operating Margin

56.59%

Debt-to-Equity

0.17

Piotroski F-Score

6

Altman Z-Score

0.48

Return on Invested Capital (ROIC)

2.65%

Current Ratio

2.91

Quick Ratio

2.91

Net Debt to EBITDA

-1.48

Interest Coverage

11.12

Gross Profit margin

95.03%

FCF PER SHARE

$4.76

REVENUE PER SHARE

$11.00

Analyze WABC on TradingView

Gainseekers Quantitative Analysis

Summary

WABC Westamerica Bancorporation appears to be significantly undervalued when juxtaposed against its DCF Value and Graham Number. The stock traded at a substantial discount to its intrinsic value, suggesting a potential mispricing by the market. Despite a modest Forward P/E of 12.77, the Altman Z-score of 0.48 raises red flags about financial distress, indicating a need for caution. However, the Earnings Yield of 8.44% suggests a reasonable return potential, balancing the risk with a promising reward. Overall, the valuation metrics paint a complex picture of opportunity tempered by caution.

AI Exposure / Tech Reliance

Operating within the regional banking sector, WABC is positioned to leverage AI and tech advancements to streamline operations and enhance customer service. The financial services industry is ripe for digital transformation, and banks that adapt quickly can gain a competitive edge. WABC's ability to integrate tech solutions will be crucial for maintaining relevance and efficiency.

The Bull Case

For the value-driven investor, WABC offers compelling reasons to buy. The company's robust Return on Equity of 12.26% and a solid Free Cash Flow Yield of 8.79% highlight its capital efficiency and ability to generate cash. With a Piotroski F-Score of 6, it demonstrates decent financial health, while an impressive Operating Margin of 56.59% underscores its pricing power. These metrics collectively suggest a well-managed entity capable of delivering shareholder value.

The Bear Case

Despite some strengths, WABC faces notable challenges. The Price/Book ratio of 1.51 and Price/Sales ratio of 4.96 suggest the stock might be overvalued relative to its peers. Additionally, the proximity to its 52-week high, just 2.50% away, indicates potential technical overextension. The low Altman Z-score further exacerbates concerns about financial stability, making it a risky proposition for conservative investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$57.00

Institutional Ownership %

1-Year Beta

0.56

Insider Buying % (6 Mo)

Distance to 52-Week High

1.82%

Distance to 52-Week Low

18.83%

EARNINGS SURPRISE %

5.61%

50-DAY SMA

$53.59

200-DAY SMA

$50.32

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.