Westamerica Bancorporation
Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The last earnings update was 77 days ago. More info.
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WABC Share Price and Events
Price Volatility
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WABC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Westamerica Bancorporation
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Westamerica Bancorporation.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $23.24 * 10.5% |
$2.43 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $23.24 |
| Discount Rate (Cost of Equity) | See below | 11.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 3% |
| Equity Risk Premium | S&P Global | 7.1% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.61 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.61 (1 + (1- 21%) (4.51%)) |
1.157 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.16 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.157 * 7.05%) |
11.11% |
Discounted Cash Flow Calculation for NasdaqGS:WABC using Excess Returns Model Model
The calculations below outline how an intrinsic value for Westamerica Bancorporation is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (10.5% – 11.11%) * $23.24) |
$-0.15 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.15 / (11.11% - 2.95%) |
$-1.86 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $23.24 + $-1.86 |
$21.38 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $21.38 |
| Current discount | Discount to share price of
$56.61
= -1 x ($56.61 - $21.38) / $21.38 |
-164.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Westamerica Bancorporation is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Westamerica Bancorporation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Westamerica Bancorporation's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-06-30) in USD | $2.07 |
| NasdaqGS:WABC Share Price ** | NasdaqGS (2018-10-19) in USD | $56.61 |
| United States of America Banks Industry PE Ratio | Median Figure of 558 Publicly-Listed Banks Companies | 16.78x |
| United States of America Market PE Ratio | Median Figure of 2,940 Publicly-Listed Companies | 19.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Westamerica Bancorporation.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:WABC Share Price ÷ EPS (both in USD) = 56.61 ÷ 2.07 |
27.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Westamerica Bancorporation is overvalued based on earnings compared to the US Banks industry average.
- Westamerica Bancorporation is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Westamerica Bancorporation's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 27.39x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
14.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 256 Publicly-Listed Banks Companies | 1.11x |
| United States of America Market PEG Ratio | Median Figure of 2,060 Publicly-Listed Companies | 1.28x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 27.39x ÷ 14.6% |
1.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Westamerica Bancorporation is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Westamerica Bancorporation's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-06-30) in USD | $21.99 |
| NasdaqGS:WABC Share Price * | NasdaqGS (2018-10-19) in USD | $56.61 |
| United States of America Banks Industry PB Ratio | Median Figure of 568 Publicly-Listed Banks Companies | 1.38x |
| United States of America Market PB Ratio | Median Figure of 4,942 Publicly-Listed Companies | 1.93x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:WABC Share Price ÷ Book Value per Share (both in USD) = 56.61 ÷ 21.99 |
2.57x |
* Primary Listing of Westamerica Bancorporation.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Westamerica Bancorporation is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess Westamerica Bancorporation's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Westamerica Bancorporation has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
WABC Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Westamerica Bancorporation's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
- Westamerica Bancorporation's earnings growth is positive but not above the United States of America market average.
- Westamerica Bancorporation's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:WABC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 14.6% |
| NasdaqGS:WABC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 4.2% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 7.6% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 214 | 85 | 1 | |
| 2019-12-31 | 202 | 79 | 3 | |
| 2018-12-31 | 194 | 71 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-06-30 | 192 | 90 | 55 |
| 2018-03-31 | 192 | 82 | 52 |
| 2017-12-31 | 190 | 81 | 50 |
| 2017-09-30 | 181 | 84 | 60 |
| 2017-06-30 | 183 | 82 | 61 |
| 2017-03-31 | 181 | 85 | 60 |
| 2016-12-31 | 182 | 78 | 59 |
| 2016-09-30 | 182 | 72 | 59 |
| 2016-06-30 | 180 | 72 | 58 |
| 2016-03-31 | 181 | 71 | 58 |
| 2015-12-31 | 182 | 70 | 59 |
| 2015-09-30 | 183 | 82 | 59 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Westamerica Bancorporation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.20 | 3.20 | 3.20 | 1.00 |
| 2019-12-31 | 2.94 | 2.97 | 2.90 | 3.00 |
| 2018-12-31 | 2.66 | 2.67 | 2.65 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-06-30 | 2.07 |
| 2018-03-31 | 1.99 |
| 2017-12-31 | 1.90 |
| 2017-09-30 | 2.31 |
| 2017-06-30 | 2.35 |
| 2017-03-31 | 2.31 |
| 2016-12-31 | 2.30 |
| 2016-09-30 | 2.31 |
| 2016-06-30 | 2.28 |
| 2016-03-31 | 2.29 |
| 2015-12-31 | 2.30 |
| 2015-09-30 | 2.31 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Westamerica Bancorporation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Westamerica Bancorporation's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Westamerica Bancorporation has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
WABC Past Performance
How has Westamerica Bancorporation performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Westamerica Bancorporation's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Westamerica Bancorporation's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Westamerica Bancorporation's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
All data from Westamerica Bancorporation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-06-30 | 192.15 | 54.69 | 85.23 | |
| 2018-03-31 | 191.97 | 52.48 | 84.38 | |
| 2017-12-31 | 190.46 | 50.03 | 83.88 | |
| 2017-09-30 | 180.69 | 60.32 | 83.71 | |
| 2017-06-30 | 183.21 | 60.93 | 84.92 | |
| 2017-03-31 | 181.39 | 59.68 | 84.95 | |
| 2016-12-31 | 181.71 | 58.85 | 84.96 | |
| 2016-09-30 | 182.09 | 58.98 | 84.79 | |
| 2016-06-30 | 180.05 | 58.21 | 83.55 | |
| 2016-03-31 | 181.24 | 58.42 | 84.60 | |
| 2015-12-31 | 181.97 | 58.75 | 84.85 | |
| 2015-09-30 | 183.23 | 59.20 | 85.62 | |
| 2015-06-30 | 184.03 | 59.50 | 86.54 | |
| 2015-03-31 | 184.65 | 59.90 | 86.70 | |
| 2014-12-31 | 185.75 | 60.65 | 87.32 | |
| 2014-09-30 | 187.98 | 61.67 | 88.85 | |
| 2014-06-30 | 190.87 | 63.26 | 89.10 | |
| 2014-03-31 | 194.70 | 65.21 | 89.41 | |
| 2013-12-31 | 198.74 | 67.18 | 90.11 | |
| 2013-09-30 | 203.58 | 70.26 | 89.31 | |
| 2013-06-30 | 209.90 | 73.54 | 89.68 | |
| 2013-03-31 | 215.53 | 77.39 | 90.72 | |
| 2012-12-31 | 223.44 | 81.13 | 91.49 | |
| 2012-09-30 | 231.11 | 83.80 | 93.04 | |
| 2012-06-30 | 237.70 | 86.21 | 94.15 | |
| 2012-03-31 | 244.97 | 86.51 | 95.35 | |
| 2011-12-31 | 248.49 | 87.89 | 95.54 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Westamerica Bancorporation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Westamerica Bancorporation used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Westamerica Bancorporation has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Westamerica Bancorporation's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Westamerica Bancorporation has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
WABC Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Westamerica Bancorporation Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-06-30 | 586.14 | 68.89 | 629.15 |
| 2018-03-31 | 582.08 | 65.36 | 555.61 |
| 2017-12-31 | 590.24 | 58.47 | 116.82 |
| 2017-09-30 | 603.96 | 66.34 | 561.76 |
| 2017-06-30 | 595.59 | 75.77 | 529.36 |
| 2017-03-31 | 584.89 | 73.61 | 546.82 |
| 2016-12-31 | 561.37 | 59.08 | 96.39 |
| 2016-09-30 | 563.00 | 56.36 | 471.37 |
| 2016-06-30 | 558.33 | 67.85 | 441.79 |
| 2016-03-31 | 538.97 | 52.45 | 471.16 |
| 2015-12-31 | 532.21 | 53.03 | 178.44 |
| 2015-09-30 | 533.94 | 57.06 | 268.59 |
| 2015-06-30 | 525.34 | 82.75 | 289.61 |
| 2015-03-31 | 527.38 | 82.96 | 247.45 |
| 2014-12-31 | 526.60 | 109.80 | 380.84 |
| 2014-09-30 | 533.40 | 97.10 | 524.34 |
| 2014-06-30 | 538.80 | 99.26 | 484.90 |
| 2014-03-31 | 540.88 | 94.82 | 428.84 |
| 2013-12-31 | 542.93 | 93.25 | 167.19 |
| 2013-09-30 | 541.84 | 98.45 | 388.58 |
| 2013-06-30 | 544.62 | 117.33 | 384.28 |
| 2013-03-31 | 558.98 | 112.60 | 355.46 |
| 2012-12-31 | 560.10 | 104.49 | 145.61 |
| 2012-09-30 | 558.84 | 106.49 | 337.96 |
| 2012-06-30 | 557.93 | 132.49 | 290.93 |
| 2012-03-31 | 559.53 | 157.65 | 511.10 |
| 2011-12-31 | 558.64 | 166.71 | 215.07 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Westamerica Bancorporation has an acceptable proportion of non-loan assets held.
- Westamerica Bancorporation's liabilities are made up of primarily low risk sources of funding.
- Loans at Westamerica Bancorporation are broadly funded by customer deposits.
- Westamerica Bancorporation's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Westamerica Bancorporation has a sufficient allowance for bad loans.
- Westamerica Bancorporation has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Westamerica Bancorporation's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Westamerica Bancorporation has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
WABC Dividends
What is Westamerica Bancorporation's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Westamerica Bancorporation
shares you are expected to receive
$57
in your first year as a dividend.
Dividend Amount
- Westamerica Bancorporation's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
- Westamerica Bancorporation's dividend is below the markets top 25% of dividend payers in United States of America (3.48%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 453 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1972 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.69 | 1.00 |
| 2019-12-31 | 1.62 | 3.00 |
| 2018-12-31 | 1.60 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-07-26 | 1.600 | 2.600 |
| 2018-04-26 | 1.600 | 2.750 |
| 2018-01-25 | 1.600 | 2.732 |
| 2017-10-26 | 1.600 | 2.708 |
| 2017-07-27 | 1.560 | 2.855 |
| 2017-04-27 | 1.560 | 2.865 |
| 2017-01-26 | 1.560 | 2.774 |
| 2016-10-27 | 1.560 | 2.641 |
| 2016-07-28 | 1.560 | 3.177 |
| 2016-04-28 | 1.560 | 3.250 |
| 2016-01-28 | 1.560 | 3.292 |
| 2015-10-22 | 1.560 | 3.406 |
| 2015-07-23 | 1.520 | 3.330 |
| 2015-04-23 | 1.520 | 3.190 |
| 2015-01-22 | 1.520 | 3.511 |
| 2014-10-23 | 1.520 | 3.174 |
| 2014-07-24 | 1.520 | 3.194 |
| 2014-04-24 | 1.520 | 3.010 |
| 2014-01-23 | 1.520 | 2.951 |
| 2013-10-24 | 1.520 | 2.798 |
| 2013-07-25 | 1.480 | 3.015 |
| 2013-04-25 | 1.480 | 3.246 |
| 2013-01-24 | 1.480 | 3.333 |
| 2012-10-25 | 1.480 | 3.453 |
| 2012-07-26 | 1.480 | 3.182 |
| 2012-04-26 | 1.480 | 3.243 |
| 2012-01-26 | 1.480 | 3.126 |
| 2011-10-27 | 1.480 | 3.354 |
| 2011-07-28 | 1.440 | 3.528 |
| 2011-04-28 | 1.440 | 2.942 |
| 2011-01-27 | 1.440 | 2.845 |
| 2010-10-28 | 1.440 | 2.730 |
| 2010-07-22 | 1.440 | 2.715 |
| 2010-04-22 | 1.440 | 2.598 |
| 2010-01-28 | 1.440 | 2.561 |
| 2010-01-21 | 1.410 | 2.460 |
| 2009-10-22 | 1.400 | 2.641 |
| 2009-07-23 | 1.400 | 2.730 |
| 2009-04-23 | 1.400 | 2.759 |
| 2009-01-22 | 1.440 | 3.302 |
| 2008-10-23 | 1.400 | 2.826 |
| 2008-10-20 | 1.400 | 2.766 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Westamerica Bancorporation's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess Westamerica Bancorporation's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Westamerica Bancorporation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Westamerica Bancorporation has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
WABC Management
CEO
| COMPENSATION | $615,031 |
| AGE | 63 |
| TENURE AS CEO | 29.8 years |
CEO Bio
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 Westamerica Bancorporation. since 1988 and has been its Chief Executive Officer since 1989 and serves as its President. Mr. Payne serves as President and Chief Executive Officer of Gibson Printing and Publishing Company and Gibson Radio and Publishing Company. He joined Westamerica from his family printing, publishing and cable T.V. business. He served as Chief Operating Officer of Westamerica Bancorp. He has been a Director of Westamerica Bancorporation. since 1984. He serves as a Member of Advisory Board at Global Energy Investors, LLC. Mr. Payne was awarded the American Bankers Association's Community Banker of the Year for 2009. Mr. Payne has successfully negotiated and led the Company through many mergers including: John Muir National Bank, Napa Valley Bancorporation, PV Financial, CapitolBank – Sacramento, North Bay Bancorp, ValliCorp Holdings, First Counties Bank, Kerman State Bank, Redwood Empire Bancorp, County Bank, and Sonoma Valley Bank.
CEO Compensation
- David's compensation has been consistent with company performance over the past year.
- David's remuneration is lower than average for companies of similar size in United States of America.
Management Team
David Payne
Chairman
$615K
63
29.8 yrs
Robert Thorson
Senior VP & CFO
$672K
58
13.1 yrs
Dennis Hansen
Senior VP of Operations & Systems and Division Manager
$548K
68
Russell Rizzardi
Senior VP & Chief Credit Administrator of Westamerica Bank
$439K
63
Diane Cunningham
Corporate Executive Secretary
Kris Irvine
VP & Corporate Secretary
Curtis Belton
Vice President & General Auditor
Board of Directors Tenure
Average tenure and age of the Westamerica Bancorporation board of directors in years:
- The average tenure for the Westamerica Bancorporation board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
David Payne
Chairman
$615K
63
30.8 yrs
Ronald Nelson
Director
$41K
75
30.8 yrs
Edward Sylvester
Lead Independent Director
$54K
81
Patrick Lynch
Director
$43K
85
32.8 yrs
E. Bowler
Director
$37K
82
15.2 yrs
Catherine MacMillan
Director
$42K
71
33.8 yrs
Etta Allen
Director
$94K
88
30.8 yrs
Louis Bartolini
Director
$37K
86
27.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Start | End | Shares | Value (USD) |
|---|---|---|---|---|---|---|---|
| 07. May 18 | Sell | John Thorson | Individual | 04. May 18 | 04. May 18 | -658 | $-36,924.59 |
| 30. Jan 18 | Sell | Edward Sylvester | Individual | 26. Jan 18 | 26. Jan 18 | -5,000 | $-304,668.50 |
Management checks
We assess Westamerica Bancorporation's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Westamerica Bancorporation has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
WABC News
External News
Simply Wall St News
Is Westamerica Bancorporation's (NASDAQ:WABC) CEO Pay Fair?
Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleDoes Westamerica Bancorporation (NASDAQ:WABC) Have A Place In Your Portfolio?
Westamerica Bancorporation (NASDAQ:WABC) has pleased shareholders over the past 10 years, paying out an average dividend of 3.00% annually. … The company currently pays out a dividend yield of 2.53% to shareholders, making it a relatively attractive dividend stock. … 5 checks you should use to assess a dividend stock
Simply Wall St - – Full articleInterested In Westamerica Bancorporation (NASDAQ:WABC)’s Upcoming US$0.40 Dividend? You Have 2 Days Left
If you are interested in cashing in on Westamerica Bancorporation's (NASDAQ:WABC) upcoming dividend of US$0.40 per share, you only have 2 days left to buy the shares before its ex-dividend date, 03 August 2018, in time for dividends payable on the 17 August 2018. … 5 questions to ask before buying a dividend stock? … Will the company be able to keep paying dividend based on the future earnings growth
Simply Wall St - – Full articleWhy You Need To Look At This Factor Before Buying Westamerica Bancorporation (NASDAQ:WABC)
The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.
Simply Wall St - – Full articleCan Westamerica Bancorporation (NASDAQ:WABC) Survive The Next Financial Crisis?
Westamerica Bancorporation’s (NASDAQ:WABC) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.56b. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Westamerica Bancorporation to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Westamerica Bancorporation in a safe position in the face of adverse headwinds.
Simply Wall St - – Full articleShould You Be Tempted To Sell Westamerica Bancorporation (NASDAQ:WABC) Because Of Its PE Ratio?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Westamerica Bancorporation (NASDAQ:WABC)’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind
Simply Wall St - – Full articleWhat Does Westamerica Bancorporation's (NASDAQ:WABC) Share Price Indicate?
Westamerica Bancorporation (NASDAQ:WABC), operating in the financial services industry based in United States,. … Let’s take a look at Westamerica Bancorporation’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change … See our latest analysis for Westamerica Bancorporation
Simply Wall St - – Full articleWhy Westamerica Bancorporation (NASDAQ:WABC) Should Have A Place In Your Portfolio
I've been keeping an eye on Westamerica Bancorporation (NASDAQ:WABC) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe WABC has a lot to offer. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full article3 Days Left To Cash In On Westamerica Bancorporation (NASDAQ:WABC) Dividend, Should You Buy?
Important news for shareholders and potential investors in Westamerica Bancorporation (NASDAQ:WABC): The dividend payment of $0.4 per share will be distributed into shareholder on 18 May 2018, and the stock will begin trading ex-dividend at an earlier date, 04 May 2018. … Check out our latest analysis for Westamerica Bancorporation 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … Next Steps: Taking into account the dividend metrics, Westamerica Bancorporation ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers.
Simply Wall St - – Full articleShould You Be Concerned About Westamerica Bancorporation’s (NASDAQ:WABC) Risks?
Today we will analyse Westamerica Bancorporation’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … The ability for Westamerica Bancorporation to accurately forecast and provision for its bad loans shows it has a strong understanding of the level of risk it is taking on. … This may mean the bank is too cautious with its level of its safer form of borrowing and has plenty of headroom to take on risker forms of liability.Next Steps: Westamerica Bancorporation shows prudent management of risky assets and lending behaviour.
Simply Wall St - – Full articleWABC Company Info
Map
Description
Westamerica Bancorporation operates as a bank holding company for 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 to local businesses and professionals. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as other loans primarily consisting of indirect automobile loans. Westamerica Bancorporation operates through 82 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.
Details
| Name: | Westamerica Bancorporation |
| WABC | |
| Exchange: | NasdaqGS |
| Founded: | 1972 |
| $1,528,249,860 | |
| 26,727,000 | |
| Website: | http://www.westamerica.com |
| Address: |
Westamerica Bancorporation 1108 Fifth Avenue, San Rafael, California, 94901, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | WABC | Common Stock | Nasdaq Global Select | US | USD | 07. Oct 1974 | |
| DB | WB1 | Common Stock | Deutsche Boerse AG | DE | EUR | 07. Oct 1974 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2018/10/19 21:12 |
| End of day share price update: | 2018/10/19 00:00 |
| Last estimates confirmation: | 2018/10/18 |
| Last earnings filing: | 2018/08/03 |
| Last earnings reported: | 2018/06/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
