0.37%
-1.30%
0.50%
-4.04%
8.51%
-10.85%
-18.28%
AI Spotlight on WABC
Company Description
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.
It operates through 78 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.The company was incorporated in 1972 and is headquartered in San Rafael, California.
Market Data
| Last Price | 51.78 |
| Change Percentage | 0.37% |
| Open | 52.02 |
| Previous Close | 51.59 |
| Market Cap ( Millions) | 1382 |
| Volume | 68191 |
| Year High | 59.97 |
| Year Low | 43.82 |
| M A 50 | 54.01 |
| M A 200 | 50.94 |
Financial Ratios
| FCF Yield | 7.49% |
| Dividend Yield | 3.40% |
| ROE | 17.80% |
| Debt / Equity | 2.08% |
| Net Debt / EBIDTA | -284.77% |
| Price To Book | 1.52 |
| Price Earnings Ratio | 9.44 |
| Price To FCF | 13.34 |
| Price To sales | 4.48 |
| EV / EBITDA | 5.28 |
News
- Jan -23 - Westamerica Bancorporation Declares Quarterly Cash Dividend
- Jan -16 - Westamerica (WABC) Lags Q4 Earnings and Revenue Estimates
- Jan -16 - Westamerica Bancorporation Reports Fourth Quarter 2024 Financial Results
- Oct -24 - Westamerica Bancorporation Declares Quarterly Cash Dividend
- Oct -17 - Westamerica (WABC) Q3 Earnings Match Estimates
- Oct -17 - Westamerica Bancorporation Reports Third Quarter 2024 Financial Results
- Jul -25 - Westamerica Bancorporation Declares Quarterly Cash Dividend
- Jul -18 - Westamerica (WABC) Q2 Earnings Top Estimates
- Jul -18 - Westamerica Bancorporation Reports Second Quarter 2024 Financial Results
- Jul -11 - Earnings Preview: Westamerica (WABC) Q2 Earnings Expected to Decline
- Apr -25 - Westamerica Bancorporation Declares Quarterly Cash Dividend
- Apr -20 - Westamerica Bancorporation: Market's Overreaction Creates Opportunity
- Apr -18 - Westamerica Bancorporation Reports First Quarter 2024 Financial Results
- Apr -11 - Westamerica Bank Announces New Board Member
- Feb -06 - MoneyShow's Best Investment Ideas For 2024: Part 9
- Jan -25 - Westamerica Bancorporation Declares Quarterly Cash Dividend
- Jan -18 - Westamerica (WABC) Misses Q4 Earnings and Revenue Estimates
- Jan -18 - Westamerica Bancorporation Reports Fourth Quarter 2023 Financial Results
- Dec -28 - Westamerica Bank Announces New Board Member
- Dec -21 - These unsung stock market heroes offer 9 favorite picks for 2024
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Banking and Related Activities
Expected Growth : 14 %
What the company do ?
Westamerica Bancorporation's Banking and Related Activities segment provides traditional banking services, including commercial and retail lending, deposit taking, and other financial services.
Why we expect these perspectives ?
Westamerica Bancorporation's 14% growth in Banking and Related Activities is driven by strong loan growth, increased deposit market share, and expansion of fee-based services. Additionally, the bank's focus on commercial and industrial lending, as well as its strategic acquisitions, have contributed to its growth momentum.
Westamerica Bancorporation Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | Westamerica Bancorporation offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment products. |
| Business Banking | The company provides business banking services, including commercial loans, cash management, and treasury management solutions. |
| Wealth Management | Westamerica Bancorporation offers wealth management services, including investment management, trust services, and financial planning. |
| Mortgage Lending | The company provides mortgage lending services, including residential and commercial mortgage loans. |
| Online Banking | Westamerica Bancorporation offers online banking services, including bill pay, fund transfers, and account management. |
| Mobile Banking | The company provides mobile banking services, including mobile deposit, bill pay, and account management. |
Westamerica Bancorporation's Porter Forces
Threat Of Substitutes
Westamerica Bancorporation operates in a highly competitive industry, with many substitutes available to customers. However, the company's strong brand recognition and customer loyalty help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Westamerica Bancorporation's customers have some bargaining power due to the availability of alternative banking services. However, the company's strong relationships with its customers and its ability to offer personalized services help to reduce the bargaining power of customers.
Bargaining Power Of Suppliers
Westamerica Bancorporation has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's strong financial position also gives it the ability to negotiate favorable terms with its suppliers.
Threat Of New Entrants
The banking industry is heavily regulated, which creates barriers to entry for new entrants. Additionally, Westamerica Bancorporation's strong brand recognition and established customer base make it difficult for new entrants to gain traction.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. Westamerica Bancorporation faces intense competition from larger banks and fintech companies, which puts pressure on its pricing and profitability.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 9.70% |
| Debt Cost | 3.95% |
| Equity Weight | 90.30% |
| Equity Cost | 6.74% |
| WACC | 6.47% |
| Leverage | 10.74% |
Westamerica Bancorporation : Quality Control
Westamerica Bancorporation passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MBWM | Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the … |
| UBFO | United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, … |
| OPBK | OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, … |
| BPRN | The Bank of Princeton provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. … |
| BFIN | BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services. The company accepts various deposit products, including … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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United Security Bancshares
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1-Year Total Return ->
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OpenBank
A-Score
1-Year Total Return ->
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Bank of Princeton
A-Score
1-Year Total Return ->
4
BankFinancial
A-Score
1-Year Total Return ->
5
Westamerica
A-Score
1-Year Total Return ->
6
