Westamerica Bancorporation (WABC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Westamerica Bancorporation stock $42.08, price $59.84, that is 29.7% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $32.78 – $61.96 · fair‑value band $37.06 – $51.34 · the $59.84 price screens above the $42.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers in the United States.
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The company accepts various deposit products from local businesses and professionals, as well as retail savings and checking accounts, as well as certificates of deposit.
Its loan portfolio includes commercial, commercial real estate, residential real estate, real estate construction, consumer installment loans, as well as indirect automobile loans. The company serves small businesses, professionals, and consumers.
The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1884 and is headquartered in San Rafael, California.
Stock analysis
Westamerica Bancorporation (WABC) currently trades at $59.84, while our model-based Fair Value estimate is $42.08, 30% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $57.27 per share, and 1 of the 6 models we run sit above the $59.84 price.
Bear case: the Dividend Discount group reads lowest at $20.10, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $37.06 (bear) to $51.34 (bull), the price of $59.84 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Westamerica Bancorporation reported revenue of $272M in FY2025 versus $217M in FY2021, a compound +5.8%/yr. Reported net income was $116M in FY2025, compounding +7.6%/yr from FY2021.
Key figures
Market cap $1.4B Small · P/E ratio 12.7 · P/S ratio 5.53 · EPS (TTM) $4.73 · Dividend yield 3.1% · Net margin 43.8% · Return on equity 12.9% · Return on assets (EBIT) 2.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −30%, WABC screens richer than that median.
Fair Value models
Bear$37.06Fair Value $42.08Bull$51.34
Price $59.84 · Downside -29.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.44 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
BuyInez WondehDirector61 shares at $53.79$3,281Apr 22, 2026
SaleRobert James Baker JrSVP/Banking Division Manager759 shares at $53.83$40,857Apr 20, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
Start year 2020 (pandemic). Over 10 years: +4.0% a year
Revenue growth 36 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.4% vs 7.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.51% → 58%
News mood ⓘNews mood, the average tone of recent news (84 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−29.7% · Below median
Profitability
Return on equity (12 months)12.9% · Above median
Return on assets2.0% · Top 25%
Net margin (12 months)43.8% · Top 25%
Operating margin (12 months)60.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.5% · Bottom 25%
Dividend yield (12 months)3.1% · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)12.7× · Pricier than median
P/B1.49× · Pricier than median
P/S (12 months)5.53× · Priciest 25%
Price / free cash flow (fiscal year)11.7× · Pricier than median
EV/EBITDA5.1× · Cheapest 25%
PEG4.62× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)3· sector 47
PAST (return on equity)51· sector 43
HEALTH (low debt)–
DIVIDEND (yield)63· sector 53
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Westamerica Bancorporation Fair Value". https://www.fairvalue-calculator.com/stock/WABC
Frequently asked questions
Is Westamerica Bancorporation (WABC) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $42.08 versus a price of $59.84, about 30% lower (overvalued).
What is the fair value of WABC?
Our model-based fair value for Westamerica Bancorporation is $42.08 (as of Nov 5, 2026), built from audited fundamentals. The current price: $59.84.
What is the quality score of WABC?
Westamerica Bancorporation has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Westamerica Bancorporation (WABC)?
Our model-based price target is the fair value of $42.08 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario $37.06, optimistic scenario $51.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Westamerica Bancorporation stock forecast for 2026?
Our models put fair value at $42.08, about 30% lower versus a price of $59.84 (overvalued). Cautious scenario $37.06, optimistic scenario $51.34. The calculation is refreshed regularly with new filings.
What is the revenue of Westamerica Bancorporation (WABC)?
Westamerica Bancorporation reported trailing-twelve-month revenue of about $253M (latest available figure, as of Nov 5, 2026).
Does Westamerica Bancorporation pay a dividend?
Westamerica Bancorporation currently shows a dividend yield of 3.14% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Westamerica Bancorporation (WABC) and when is the ex-dividend date?
Westamerica Bancorporation pays a dividend of $1.88 per share a year, a dividend yield of 3.1%. The last ex-dividend date was Nov 2, 2026. A dividend has been paid every year since at least 1985. The payout ratio is 39.7% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Westamerica Bancorporation (WABC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Westamerica Bancorporation it is $42.08 per share (as of Nov 5, 2026), against a price of $59.84. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Westamerica Bancorporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, WABC trades above its calculated fair value: price $59.84, fair value $42.08, a gap of about −30% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WABC?
No. The price is what the market pays today ($59.84); the fair value is what the company's own numbers justify ($42.08). For Westamerica Bancorporation the two are $17.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Westamerica Bancorporation worth?
The market values Westamerica Bancorporation at about $1.4B (market capitalisation, as of Nov 5, 2026). Per share that is $59.84; our models calculate a fair value of $42.08 per share.
What do the bullish and bearish scenarios say about WABC?
Our models span a range for Westamerica Bancorporation: cautious scenario $37.06, base $42.08, optimistic $51.34 per share (as of Nov 5, 2026, price $59.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WABC?
Westamerica Bancorporation trades at a price-to-earnings ratio of 12.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $42.08 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020 ex one-offs: 18.7. Other multiples: PEG 4.6, P/B 1.5, P/S 5.5, EV/EBITDA 5.1.
What is the PEG ratio of WABC?
The PEG ratio of Westamerica Bancorporation is 4.62 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Westamerica Bancorporation (WABC)?
Balance-sheet figures for Westamerica Bancorporation (as of Nov 5, 2026): return on equity 12.9%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is WABC from its 52-week high?
Westamerica Bancorporation trades at $59.84, about 3% below its 52-week high of $61.96 and 32% above the low of $45.23 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $42.08 is for.
Which stocks are comparable to Westamerica Bancorporation?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Westamerica Bancorporation stock attractive at the current price?
The data as of Nov 5, 2026: price $59.84, calculated fair value $42.08 (−30%), Quality Score 62/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WABC calculated?
We run Westamerica Bancorporation through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $42.08 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Westamerica Bancorporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Westamerica Bancorporation (WABC)?
The closing price on Nov 6, 2026 was $59.84. Our model-based fair value is $42.08, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Westamerica Bancorporation right now?
The price sits above even our optimistic bull case ($51.34). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Westamerica Bancorporation (WABC) come from?
Earnings per share at Westamerica Bancorporation grew +9.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.4 %, EBIT margin +4.4 %, tax rate −0.3 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Westamerica Bancorporation
How large is the market capitalisation of Westamerica Bancorporation (WABC)?
The market capitalisation of Westamerica Bancorporation is $1.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Westamerica Bancorporation (WABC)?
The price-to-sales ratio of Westamerica Bancorporation is 5.53 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Westamerica Bancorporation (WABC)?
Earnings per share at Westamerica Bancorporation are $4.73 (price ÷ EPS = P/E 12.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Westamerica Bancorporation (WABC)?
The dividend yield of Westamerica Bancorporation is 3.1% (payout 39.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Westamerica Bancorporation (WABC)?
The net margin of Westamerica Bancorporation is 43.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Westamerica Bancorporation (WABC)?
The return on equity (ROE) of Westamerica Bancorporation is 12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Westamerica Bancorporation (WABC)?
On an EBIT basis the return on assets of Westamerica Bancorporation is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Westamerica Bancorporation (WABC)?
The operating margin of Westamerica Bancorporation is 60.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Westamerica Bancorporation (WABC)?
Revenue at Westamerica Bancorporation is growing +0.5% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Westamerica Bancorporation (WABC)?
Earnings per share at Westamerica Bancorporation are growing +9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Westamerica Bancorporation (WABC) generate?
The free cash flow of Westamerica Bancorporation is $120M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Westamerica Bancorporation (WABC) hold?
Westamerica Bancorporation holds more cash than debt, $408M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026