Westamerica Bancorporation: Market's Overreaction Creates Opportunity [Seeking Alpha]
Westamerica Bancorporation (WABC)
US:NASDAQ Investor Relations:
westamerica.com/index.php/shareholders
Company Research
Source: Seeking Alpha
The margin will suffer this year because of interest rate cuts and sticky deposit costs. I'm expecting earnings to dip by 10.8% year-over-year in 2024. Despite the earnings outlook, the dividend appears secure. WABC is offering a decent dividend yield of 3.8%. The year-end target price suggests a high-single-digit upside. Earnings of Westamerica Bancorporation (NASDAQ: NASDAQ: WABC ) will most likely decline this year because of a lackluster growth of the balance sheet and a decline in the net interest margin. Overall, I'm expecting the company to report earnings of $5.40 per
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High impacting Westamerica Bancorporation news events
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WABC
News
- Westamerica Bancorporation Declares Quarterly Cash DividendGlobeNewswire
- Westamerica Bancorporation (NASDAQ: WABC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $57.00 price target on the stock, down previously from $58.00.MarketBeat
- Westamerica Bancorporation (NASDAQ: WABC) had its price target lowered by analysts at Piper Sandler from $51.00 to $50.00. They now have a "neutral" rating on the stock.MarketBeat
- Westamerica Bancorporation Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Westamerica Bancorporation Reports First Quarter 2024 Financial ResultsGlobeNewswire
WABC
Earnings
- 4/18/24 - Miss
WABC
Analyst Actions
- 4/22/24 - Keefe, Bruyette & Woods
WABC
Sec Filings
- 5/1/24 - Form 4
- 4/29/24 - Form 144
- 4/29/24 - Form 8-K
- WABC's page on the SEC website