Westamerica Bancorporation
Market Cap
US$1.7b
Last Updated
2019/10/14 23:41 UTC
Data Sources
Company Financials +
Executive Summary
Westamerica Bancorporation provides banking solutions.
Snowflake
Fundamentals
Flawless balance sheet with proven track record and pays a dividend.
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Share Price & News
How has Westamerica Bancorporation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.7%
WABC
1.4%
US Banks
1.0%
US Market
1 Year Return
8.4%
WABC
0.2%
US Banks
6.7%
US Market
Return vs Industry: WABC exceeded the US Banks industry which returned 0.2% over the past year.
Return vs Market: WABC exceeded the US Market which returned 6.7% over the past year.
Shareholder returns
| WABC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 1.4% | 1.0% |
| 30 Day | -3.8% | -2.6% | -1.8% |
| 90 Day | 2.6% | 0.8% | -1.8% |
| 1 Year | 11.3%8.4% | 3.1%0.2% | 9.1%6.7% |
| 3 Year | 39.1%28.1% | 52.0%41.5% | 46.1%36.6% |
| 5 Year | 58.1%36.0% | 69.7%51.2% | 66.9%48.6% |
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
4 days ago | Simply Wall St
At US$61.18, Is Westamerica Bancorporation (NASDAQ:WABC) Worth Looking At Closely?2 weeks ago | Simply Wall St
How Does Investing In Westamerica Bancorporation (NASDAQ:WABC) Impact The Volatility Of Your Portfolio?1 month ago | Simply Wall St
Does Westamerica Bancorporation's (NASDAQ:WABC) CEO Salary Reflect Performance?Valuation
Is Westamerica Bancorporation undervalued compared to its fair value and its price relative to the market?
22.09x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: WABC ($62.08) is trading above our estimate of fair value ($40.81)
Significantly Undervalued: 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 (22.1x) compared to the Banks industry average (12.5x).
PE vs Market: WABC is poor value based on its PE Ratio (22.1x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: WABC is poor value based on its PEG Ratio (26.2x)
Price to Book Ratio
PB vs Industry: WABC is overvalued based on its PB Ratio (2.4x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Westamerica Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WABC's forecast earnings growth (0.8% per year) is below the savings rate (2.7%).
Earnings vs Market: WABC's earnings (0.8% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: WABC's earnings are forecast to grow, but not significantly.
Revenue vs Market: WABC's revenue (0.2% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: WABC's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High 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?
1.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: WABC's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: WABC's earnings growth over the past year (37.7%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: WABC earnings growth over the past year (37.7%) exceeded the Banks industry 31.8%.
Return on Equity
High ROE: WABC's Return on Equity (10.9%) is considered low.
Return on Assets
ROA vs Industry: WABC has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate WABC's Return on Capital Employed to determine if it has improved over the past 3 years.
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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 Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WABC has a low level of unsold assets or inventory.
Debt Coverage by Assets: WABC's debt is covered by short term assets (assets are 8.223610x debt).
Financial Institutions Analysis
Asset Level: WABC's level of assets compared to its equity is low.
Allowance for Bad Loans: WABC has a sufficient allowance for bad loans.
Low Risk Liabilities: WABC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WABC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WABC's loans are broadly funded by customer deposits.
Level of Bad Loans: WABC has an appropriate level of bad loans (0.35%)
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Dividend
What is Westamerica Bancorporation's current dividend yield, its reliability and sustainability?
2.64%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: WABC's dividend (2.64%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: WABC's dividend (2.64%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 (57.3%), 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
What is the CEO of Westamerica Bancorporation's salary, the management and board of directors tenure and is there insider trading?
7.4yrs
Average management tenure
CEO
David Payne (64yo)
30.8yrs
Tenure
US$640,813
Compensation
Mr. David L. Payne serves as the Chairman and Chief Executive Officer at Westamerica Bancorporation since 1988 and 1989 respectively and serves as its President. Mr. Payne has been the Chairman of Westamer ...
CEO Compensation Analysis
Compensation vs. Market: David's total compensation ($USD640.81K) is about average for companies of similar size in the US market ($USD4.08M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.4yrs
Average Tenure
61.5yo
Average Age
Experienced Management: WABC's management team is seasoned and experienced (7.4 years average tenure).
Board Age and Tenure
31.8yrs
Average Tenure
82yo
Average Age
Experienced Board: WABC's board of directors are seasoned and experienced ( 31.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 5,000 |
| Max Price | US$63.63 |
| Entity | Individual |
| Shares | 10.5 |
| Max Price | US$55.84 |
Ownership Breakdown
Management Team
David Payne (64yo)
Chairman
- Tenure: 30.8yrs
- Compensation: US$640.81k
Robert Thorson (59yo)
Senior VP & CFO
- Tenure: 14.1yrs
- Compensation: US$695.33k
Kris Irvine
VP & Corporate Secretary
- Tenure: 0yrs
Diane Cunningham
Corporate Executive Secretary
- Tenure: 0yrs
Brian Donohoe (38yo)
Senior VP and Operations & Systems Division Manager
- Tenure: 0.8yrs
Steve Ensinger (65yo)
Senior VP & Human Resources Division Manager
- Tenure: 0.8yrs
- Compensation: US$387.24k
Board Members
David Payne (64yo)
Chairman
- Tenure: 30.8yrs
- Compensation: US$640.81k
E. Bowler (83yo)
Independent Director
- Tenure: 16.2yrs
- Compensation: US$37.00k
Catherine MacMillan (72yo)
Independent Director
- Tenure: 34.8yrs
- Compensation: US$42.40k
Ronald Nelson (76yo)
Independent Director
- Tenure: 31.8yrs
- Compensation: US$44.85k
Edward Sylvester (82yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$53.58k
Etta Allen (89yo)
Independent Director
- Tenure: 31.8yrs
- Compensation: US$77.36k
Louis Bartolini (87yo)
Independent Director
- Tenure: 28.8yrs
- Compensation: US$37.34k
Michele Hassid
Independent Director
- Tenure: 0.08yrs
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$1.675b
- Shares outstanding: 26.98m
- Website: https://www.westamerica.com
Number of Employees
Location
- Westamerica Bancorporation
- 1108 Fifth Avenue
- San Rafael
- California
- 94901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WABC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 1974 |
| WB1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1974 |
Biography
Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and ret ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:41 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.