Westamerica Bancorp stock trades under the ticker WABC & has shown recent bullish behavior that traders & investors should take a closer look at.
WABC closed at $61.30/share on 4/22/2022.
Westamerica Bancorp WABC Stock’s Technicals Broken Down
WABC Stock Price: $61.30
10 Day Moving Average: $59.52
50 Day Moving Average: $60.07
200 Day Moving Average: $57.05
RSI: 58.4
MACD: -0.087
On Friday, WABC stock completed a bullish MACD crossover, on its third consecutive day of gains amidst a volatile broader market landscape.
Their recent trading volume has been above average compared to the year prior, and with an RSI still below 60 there looks to be more momentum behind them.
They will need to break above the $61.55, $61.77 & $62.15 resistance levels as they climb higher.
Westamerica Bancorp WABC Stock As A Long-Term Investment
Long-term oriented investors will like WABC stock’s valuation metrics, with a P/E (ttm) of 18.34 & a P/B (mrq) of 1.92.
They recently reported -5.4% Quarterly Revenue Growth Y-o-Y, with -8.9% Quarterly Earnings Growth Y-o-Y.
WABC stock’s balance sheet looks appealing, with $1.13B in Total Cash (mrq)& $164.23M in Total Debt (mrq).
WABC stock pays a 2.73% dividend yield, which looks to be stable in the long-run, with a 51% payout ratio.
77.5% of WABC stock’s outstanding share float is held by institutional investors.
Westamerica Bancorp WABC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from movements in WABC stock, while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $60 & $65 calls look appealing, but illiquid; looking out to the 6/17 expiration date there are more liquid $60 calls as well.
There is very limited open interest for puts, making it better to look out until 7/15’s expiration date, where the $60 puts look appealing.
Tying It All Together
WABC stock looks appealing to long & short-term traders alike.
Investors will find their valuation, balance sheet & dividend yield appealing, but may have questions about their future growth prospects.
Traders will like their current momentum path, but may be disappointed by how illiquid their options are currently.
Overall, WABC stock is worth taking a look at to see how it blends into your portfolio strategy.
*** I DO NOT OWN SHARES OF WABC STOCK AT THE TIME OF WRITING THIS ***