WABC Stock Analysis: Westamerica Bancorporation | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.375m USD | 12M Return: 26.6% | US9570901036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.2M
EPS Trend: -97.6%
Qual. Beats: 6
Rev. Trend: -96.4%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Westamerica Bancorporation (WABC) is a bank holding company that operates Westamerica Bank, providing traditional banking products and services to individual and commercial customers in the United States. The company accepts deposits from local businesses and professionals, along with retail savings and checking accounts and certificates of deposit. Its lending activities span commercial, commercial real estate, residential real estate, real estate construction, consumer installment, and indirect automobile loans, with a customer base centered on small businesses, professionals, and consumers.
Founded in 1884 and headquartered in San Rafael, California, the company was originally known as Independent Bankshares Corporation before adopting its current name in 1983. As a regional bank holding company listed on NASDAQ, Westamerica operates under a community banking model that emphasizes relationship-based lending and deposit gathering within a defined local footprint, and its banking subsidiary is an FDIC-insured institution subject to Federal Reserve oversight.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan losses pressure credit quality
- Deposit costs rise amid competition for sticky funding
| Net Income: 110.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.44 > 1.0 |
| NWC/Revenue: 64.02% < 20% (prev -1.02k%; Δ 1.08k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 111.3m > Net Income 110.8m |
| Net Debt (-125.7m) to EBITDA (153.7m): -0.82 < 3 |
| Current Ratio: 2.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (23.3m) vs 12m ago -9.93% < -2% |
| Gross Margin: 94.94% > 18% (prev 94.78%; Δ 0.16% > 0.5%) |
| Asset Turnover: 4.57% > 50% (prev 4.98%; Δ -0.42% > 0%) |
| Interest Coverage Ratio: 10.84 > 6 (EBIT TTM 149.0m / Interest Expense TTM 13.7m) |
| A: 0.03 (Total Current Assets 301.9m - Total Current Liabilities 131.8m) / Total Assets 5.81b |
| B: 0.10 (Retained Earnings 555.7m / Total Assets 5.81b) |
| C: 0.03 (EBIT TTM 149.0m / Avg Total Assets 5.82b) |
| D: 0.17 (Book Value of Equity 853.1m / Total Liabilities 4.95b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 0.97 (Receivables 35.7m/40.2m, Revenue 265.7m/290.3m) |
| GMI: 1.00 (GM 94.78% / 94.94%) |
| AQI: 1.42 (AQ_t 0.94 / AQ_t-1 0.67) |
| SGI: 0.92 (Revenue 265.7m / 290.3m) |
| TATA: -0.00 (NI 110.8m - CFO 111.3m) / TA 5.81b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at USD 60.67 with a total of 476,092 shares traded. Over the past week, the price has changed by -0.05%, over one month by +4.75%, over three months by +3.76% and over the past year by +26.57%.
Current recommended Stop Loss: 57.80 (which is 4.7% or 2.4 ATR below the current price).
Westamerica Bancorporation has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold WABC.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 64 | 5.5% |
P/E Trailing = 13.1302
P/E Forward = 21.097
P/S = 5.4506
P/B = 1.643
P/EG = 4.6222
Revenue TTM = 265.7m USD
EBIT TTM = 149.0m USD
EBITDA TTM = 153.7m USD
Long Term Debt = 18.9m USD (estimated: total debt 154.0m - short term 135.1m)
Short Term Debt = 135.1m USD (from shortTermDebt, last quarter)
Debt = 176.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 22.2m
Net Debt = -125.7m USD (calculated: Debt 176.2m - CCE 301.9m)
Enterprise Value = 1.25b USD (1.37b + Debt 176.2m - CCE 301.9m)
Interest Coverage Ratio = 10.84 (Ebit TTM 149.0m / Interest Expense TTM 13.7m)
EV/FCF = 11.55x (Enterprise Value 1.25b / FCF TTM 108.1m)
FCF Yield = 8.66% (FCF TTM 108.1m / Enterprise Value 1.25b)
FCF Margin = 40.69% (FCF TTM 108.1m / Revenue TTM 265.7m)
Net Margin = 41.70% (Net Income TTM 110.8m / Revenue TTM 265.7m)
Gross Margin = 94.94% ((Revenue TTM 265.7m - Cost of Revenue TTM 13.4m) / Revenue TTM)
Gross Margin QoQ = 94.98% (prev none%)
Tobins Q-Ratio = 0.22 (Enterprise Value 1.25b / Total Assets 5.81b)
Interest Expense / Debt = 7.80% (Interest Expense 13.7m / Debt 176.2m)
Taxrate = 25.62% (38.2m / 149.0m)
NOPAT = 110.8m (EBIT 149.0m * (1 - 25.62%))
Current Ratio = 2.29 (Total Current Assets 301.9m / Total Current Liabilities 131.8m)
Debt / Equity = 0.21 (Debt 176.2m / totalStockholderEquity, last quarter 853.1m)
Debt / EBITDA = -0.82 (Net Debt -125.7m / EBITDA 153.7m)
Debt / FCF = -1.16 (Net Debt -125.7m / FCF TTM 108.1m)
Total Stockholder Equity = 900.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.91% (Net Income 110.8m / Total Assets 5.81b)
RoE = 12.31% (Net Income TTM 110.8m / Total Stockholder Equity 900.2m)
RoCE = 16.21% (EBIT 149.0m / Capital Employed (Equity 900.2m + L.T.Debt 18.9m))
RoIC = 1.91% (NOPAT 110.8m / Invested Capital 5.80b)
WACC = 7.54% (E(1.37b)/V(1.55b) * Re(7.76%) + D(176.2m)/V(1.55b) * Rd(7.80%) * (1-Tc(0.26)))
Discount Rate = 7.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.93 | Cagr: -5.80%
[DCF] Terminal Value 73.10% ; FCFF base≈118.5m ; Y1≈103.9m ; Y5≈84.0m
[DCF] Fair Price = 63.77 (EV 1.35b - Net Debt -125.7m = Equity 1.47b / Shares 23.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -97.63 | EPS CAGR: -12.20% | SUE: 3.78 | # QB: 6
Revenue Correlation: -96.38 | Revenue CAGR: -8.59% | SUE: 3.11 | # QB: 3
EPS current Quarter (2026-09-30): EPS=1.17 | Chg30d=+5.43% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=4.63 | Chg30d=+4.27% | Revisions=+40% | GrowthEPS=+2.5% | GrowthRev=-2.8%
EPS next Year (2027-12-31): EPS=4.67 | Chg30d=+8.85% | Revisions=+40% | GrowthEPS=+0.9% | GrowthRev=-1.7%
[Analyst] Revisions Ratio: +67% (up=6, down=0)