| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
WABC Stock Overview
Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers.
Rewards
Risk Analysis
No risks detected for WABC from our risk checks.
Westamerica Bancorporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$57.30 |
| 52 Week High | US$63.43 |
| 52 Week Low | US$53.24 |
| Beta | 0.57 |
| 1 Month Change | -5.21% |
| 3 Month Change | -6.95% |
| 1 Year Change | -3.21% |
| 3 Year Change | -7.00% |
| 5 Year Change | 2.25% |
| Change since IPO | 643.35% |
Recent News & Updates
Shareholder Returns
| WABC | US Banks | US Market | |
|---|---|---|---|
| 7D | 1.2% | 3.7% | 6.6% |
| 1Y | -3.2% | -17.7% | -18.4% |
Return vs Industry: WABC exceeded the US Banks industry which returned -17.7% over the past year.
Return vs Market: WABC exceeded the US Market which returned -18.4% over the past year.
Price Volatility
| WABC volatility | |
|---|---|
| WABC Average Weekly Movement | 2.7% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: WABC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: WABC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 619 | David Payne | https://www.westamerica.com |
Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans.
Westamerica Bancorporation Fundamentals Summary
| WABC fundamental statistics | |
|---|---|
| Market Cap | US$1.54b |
| Earnings (TTM) | US$88.98m |
| Revenue (TTM) | US$217.66m |
17.3x
P/E Ratio2.2x
P/B RatioIs WABC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WABC income statement (TTM) | |
|---|---|
| Revenue | US$217.66m |
| Cost of Revenue | US$0 |
| Gross Profit | US$217.66m |
| Other Expenses | US$128.68m |
| Earnings | US$88.98m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 21, 2022
| Earnings per share (EPS) | 3.31 |
| Gross Margin | 100.00% |
| Net Profit Margin | 40.88% |
| Debt/Equity Ratio | 17.7% |
How did WABC perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield50%
Payout RatioValuation
Is WABC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WABC?
Other financial metrics that can be useful for relative valuation.
| What is WABC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.54b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does WABC's PE Ratio compare to its peers?
| WABC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.3x | ||
EGBN Eagle Bancorp | 8.6x | -4.7% | US$1.5b |
TCBK TriCo Bancshares | 14.3x | 14.5% | US$1.5b |
RNST Renasant | 10.8x | 6.7% | US$1.6b |
HOPE Hope Bancorp | 7.6x | -1.5% | US$1.7b |
WABC Westamerica Bancorporation | 17.3x | 8.8% | US$1.5b |
Price-To-Earnings vs Peers: WABC is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (10.3x).
Price to Earnings Ratio vs Industry
How does WABC's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: WABC is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is WABC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 17.3x |
| Fair PE Ratio | 13.2x |
Price-To-Earnings vs Fair Ratio: WABC is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).
Share Price vs Fair Value
What is the Fair Price of WABC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WABC ($57.3) is trading below our estimate of fair value ($68.03)
Significantly Below Fair Value: WABC is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: WABC is poor value based on its PEG Ratio (2x)
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Future Growth
How is Westamerica Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WABC's forecast earnings growth (8.8% per year) is above the savings rate (1.9%).
Earnings vs Market: WABC's earnings (8.8% per year) are forecast to grow slower than the US market (13.9% per year).
High Growth Earnings: WABC's earnings are forecast to grow, but not significantly.
Revenue vs Market: WABC's revenue (8.6% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: WABC's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WABC's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Westamerica Bancorporation performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
10.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WABC has high quality earnings.
Growing Profit Margin: WABC's current net profit margins (40.9%) are higher than last year (39.7%).
Past Earnings Growth Analysis
Earnings Trend: WABC's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: WABC's earnings growth over the past year (6.4%) is below its 5-year average (10.3% per year).
Earnings vs Industry: WABC earnings growth over the past year (6.4%) underperformed the Banks industry 20.7%.
Return on Equity
High ROE: WABC's Return on Equity (12.7%) is considered low.
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Financial Health
How is Westamerica Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: WABC's Assets to Equity ratio (10.4x) is moderate.
Allowance for Bad Loans: WABC has a sufficient allowance for bad loans (2505%).
Low Risk Liabilities: 97% of WABC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WABC has an appropriate level of Loans to Assets ratio (13%).
Low Risk Deposits: WABC's Loans to Deposits ratio (15%) is appropriate.
Level of Bad Loans: WABC has an appropriate level of bad loans (0.1%).
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Dividend
What is Westamerica Bancorporation current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WABC's dividend (2.93%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: WABC's dividend (2.93%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Stability and Growth of Payments
Stable Dividend: WABC's dividends per share have been stable in the past 10 years.
Growing Dividend: WABC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.1%), WABC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
David Payne (66 yo)
33.42yrs
Tenure
US$700,563
Compensation
Mr. David L. Payne serves as the Chairman and Chief Executive Officer at Westamerica Bancorporation since 1988 and 1989 respectively and serves as its President. Mr. Payne is also Chairman, President & Chi...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD700.56K) is below average for companies of similar size in the US market ($USD5.47M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WABC's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: WABC's board of directors are seasoned and experienced ( 26.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Westamerica Bancorporation's employee growth, exchange listings and data sources
Key Information
- Name: Westamerica Bancorporation
- Ticker: WABC
- Exchange: NasdaqGS
- Founded: 1972
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.541b
- Shares outstanding: 26.89m
- Website: https://www.westamerica.com
Number of Employees
Location
- Westamerica Bancorporation
- 1108 Fifth Avenue
- San Rafael
- California
- 94901
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.