Westamerica Bancorporation
Market Cap
US$1.7b
Last Updated
2021/04/20 00:05 UTC
Data Sources
Company Financials +
Executive Summary
Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 1.7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Westamerica Bancorporation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WABC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WABC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.06%
WABC
0.04%
US Banks
1.3%
US Market
1 Year Return
5.0%
WABC
70.1%
US Banks
53.8%
US Market
Return vs Industry: WABC underperformed the US Banks industry which returned 70.2% over the past year.
Return vs Market: WABC underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| WABC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.06% | 0.04% | 1.3% |
| 30 Day | 0.2% | 0.7% | 5.1% |
| 90 Day | 7.5% | 16.6% | 8.9% |
| 1 Year | 8.0%5.0% | 75.7%70.1% | 56.6%53.8% |
| 3 Year | 21.5%12.1% | 25.8%14.9% | 64.4%53.6% |
| 5 Year | 47.0%27.8% | 96.5%71.5% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Westamerica Bancorporation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
We Discuss Why Westamerica Bancorporation's (NASDAQ:WABC) CEO May Deserve A Higher Pay Packet5 days ago | Simply Wall St
What You Need To Know About Westamerica Bancorporation's (NASDAQ:WABC) Investor CompositionValuation
Is Westamerica Bancorporation undervalued compared to its fair value and its price relative to the market?
20.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WABC ($64.77) is trading above our estimate of fair value ($63.72)
Significantly Below Fair Value: WABC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WABC is poor value based on its PE Ratio (20.8x) compared to the US Banks industry average (13.3x).
PE vs Market: WABC is good value based on its PE Ratio (20.8x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: WABC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WABC is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (1.1x).
Future Growth
How is Westamerica Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-1.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WABC's earnings are forecast to decline over the next 3 years (-1.7% per year).
Earnings vs Market: WABC's earnings are forecast to decline over the next 3 years (-1.7% per year).
High Growth Earnings: WABC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WABC's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: WABC's revenue is forecast to decline over the next 3 years (-1% 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
Past Performance
How has Westamerica Bancorporation performed over the past 5 years?
8.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WABC has high quality earnings.
Growing Profit Margin: WABC's current net profit margins (39.7%) are higher than last year (38.8%).
Past Earnings Growth Analysis
Earnings Trend: WABC's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: WABC's earnings growth over the past year (7.6%) is below its 5-year average (8.9% per year).
Earnings vs Industry: WABC earnings growth over the past year (7.6%) exceeded the Banks industry 3.5%.
Return on Equity
High ROE: WABC's Return on Equity (10.3%) is considered low.
Financial Health
How is Westamerica Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: WABC's Assets to Equity ratio (8.5x) is low.
Allowance for Bad Loans: WABC has a sufficient allowance for bad loans (572%).
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 (18%).
Low Risk Deposits: WABC's Loans to Deposits ratio (21%) is appropriate.
Level of Bad Loans: WABC has an appropriate level of bad loans (0.3%).
Dividend
What is Westamerica Bancorporation current dividend yield, its reliability and sustainability?
2.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WABC's dividend (2.53%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: WABC's dividend (2.53%) is low compared to the top 25% of dividend payers in the US market (3.46%).
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
Dividend Coverage: With its reasonable payout ratio (52.7%), 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 and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
David Payne (65 yo)
32.25yrs
Tenure
US$698,807
Compensation
Mr. David L. Payne serves as the Chairman and Chief Executive Officer at Westamerica Bancorporation since 1988 and 1989 respectively and serves as its President. Mr. Payne is also Chairman, President & Chi...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD698.81K) is below average for companies of similar size in the US market ($USD3.79M).
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 (2.3 years average tenure).
Board Members
Experienced Board: WABC's board of directors are seasoned and experienced ( 31.8 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Westamerica Bancorporation
- Ticker: WABC
- Exchange: NasdaqGS
- Founded: 1972
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.725b
- Shares outstanding: 26.86m
- Website: https://www.westamerica.com
Number of Employees
Location
- Westamerica Bancorporation
- 1108 Fifth Avenue
- San Rafael
- California
- 94901
- United States
Listings
Biography
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 variou...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/20 00:05 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.