Westamerica Bancorporation (NASDAQ: WABC) is -12.37% lower on its value in year-to-date trading and has touched a low of $42.00 and a high of $59.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WABC stock was last observed hovering at around $45.59 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $45.97, the stock is -3.77% and -6.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.83% at the moment leaves the stock -10.59% off its SMA200. WABC registered 0.77% gain for a year compared to 6-month gain of -8.57%. The firm has a 50-day simple moving average (SMA 50) of $49.408 and a 200-day simple moving average (SMA200) of $51.41565.
The stock witnessed a -11.20% loss in the last 1 month and extending the period to 3 months gives it a -10.49%, and is 3.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 3.46% over the month.
Westamerica Bancorporation (WABC) has around 642 employees, a market worth around $1.23B and $311.17M in sales. Current P/E ratio is 8.85 and Fwd P/E is 11.28. Profit margin for the company is 44.55%. Distance from 52-week low is 9.45% and -23.35% from its 52-week high. The company has generated returns on investments over the last 12 months (15.37%).
with sales reaching $66.42M over the same period.The EPS is expected to shrink by -15.38% this year, but quarterly earnings will post -10.14% year-over-year. Quarterly sales are estimated to shrink -10.97% in year-over-year returns.
292.0 institutions hold shares in Westamerica Bancorporation (WABC), with institutional investors hold 82.68% of the company’s shares. The shares outstanding are 26.71M, and float is at 25.46M with Short Float at 1.21%. Institutions hold 78.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.8 million shares valued at $184.26 million. The investor’s holdings represent 14.2309 of the WABC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.47 million shares valued at $168.52 million to account for 13.0186 of the shares outstanding. The other top investors are AMERICAN CENTURY COMPANIES INC which holds 1.9 million shares representing 7.1379 and valued at over $92.42 million, while STATE STREET CORP holds 4.9125 of the shares totaling 1.31 million with a market value of $63.61 million.
Westamerica Bancorporation (WABC) Insider Activity
The most recent transaction is an insider sale by Baker Robert James Jr, the company’s SVP/Banking Division Manager. SEC filings show that Baker Robert James Jr sold 705 shares of the company’s common stock on Jul 22 ’24 at a price of $52.73 per share for a total of $37175.0. Following the sale, the insider now owns 244.0 shares.
Westamerica Bancorporation disclosed in a document filed with the SEC on Jan 29 ’25 that Baker Robert James Jr (SVP/Banking Division Manager) sold a total of 248 shares of the company’s common stock. The trade occurred on Jan 29 ’25 and was made at $51.76 per share for $12848.0. Following the transaction, the insider now directly holds 1270.0 shares of the WABC stock.
Still, SEC filings show that on Apr 29 ’24, Ensinger George S (SVP/Human Resources Div. Mgr) disposed off 635 shares at an average price of $47.61 for $30235.0. The insider now directly holds 4,073 shares of Westamerica Bancorporation (WABC).
