WABC - Westamerica Bancorporation Stock Price, Fair Value and News

46.95USD+0.17 (+0.36%)Delayed as of 22 Apr 2024, 11:57 am ET

Market Summary

USD46.95+0.17

Delayedas of 22 Apr 2024, 11:57 am

0.36%

WABC Stock Price

View Fullscreen

WABC RSI Chart

WABC Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

7.71

Price/Sales (Trailing)

4.39

EV/EBITDA

2.43

Price/Free Cashflow

7.94

WABC Price/Sales (Trailing)

WABC Profitability

EBT Margin

78.02%

Return on Equity

20.93%

Return on Assets

2.54%

Free Cashflow Yield

12.59%

WABC Fundamentals

WABC Revenue

Revenue (TTM)

284.0M

Rev. Growth (Yr)

2.68%

Rev. Growth (Qtr)

-2.47%

WABC Earnings

Earnings (TTM)

161.8M

Earnings Growth (Yr)

0.32%

Earnings Growth (Qtr)

-5.13%

Breaking Down WABC Revenue

52 Week Range

35.5249.95

(Low)(High)

Last 7 days

0.3%

Last 30 days

-1.8%

Last 90 days

-6.1%

Trailing 12 Months

13.6%

How does WABC drawdown profile look like?

WABC Financial Health

WABC Investor Care

Dividend Yield

3.68%

Dividend/Share (TTM)

1.72

Buy Backs (1Y)

0.90%

Diluted EPS (TTM)

6.06

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	247.6M	270.1M	282.2M	284.0M
2022	174.9M	178.6M	195.6M	221.8M
2021	168.2M	170.9M	173.4M	173.4M
2020	159.2M	161.1M	162.8M	165.9M
2019	154.9M	157.2M	158.3M	158.7M
2018	140.5M	143.8M	147.8M	151.7M
2017	134.5M	134.9M	136.0M	138.3M
2016	136.3M	135.6M	134.7M	134.1M
2015	138.6M	137.6M	137.0M	136.5M
2014	149.5M	145.6M	142.6M	140.2M
2013	175.5M	167.9M	160.6M	154.4M
2012	203.8M	197.6M	190.9M	183.4M
2011	217.6M	215.7M	212.4M	208.0M
2010	238.8M	230.8M	224.8M	221.2M
2009	0	219.6M	230.8M	241.9M
2008	0	0	0	208.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Westamerica Bancorporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 26, 2024	ensinger george s	acquired	471	47.17	10.00	svp/human resources div. mgr
Mar 01, 2024	ensinger george s	sold (taxes)	-26,755	45.58	-587	svp/human resources div. mgr
Mar 01, 2024	donohoe brian j	sold (taxes)	-34,093	45.58	-748	svp/operations and systems mgr
Mar 01, 2024	thorson john a	sold (taxes)	-48,770	45.58	-1,070	svp/cfo
Feb 01, 2024	payne david l	sold	-527,414	46.7897	-11,272	chairman, president & ceo
Jan 31, 2024	payne david l	sold	-735,000	49.00	-15,000	chairman, president & ceo
Jan 30, 2024	payne david l	sold	-495,133	49.5133	-10,000	chairman, president & ceo
Jan 29, 2024	payne david l	sold	-482,813	48.2813	-10,000	chairman, president & ceo
Jan 25, 2024	ensinger george s	acquired	-	-	1,430	svp/human resources div. mgr
Jan 25, 2024	thorson john a	acquired	-	-	2,170	svp/cfo

Which funds bought or sold WABC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-38.48	-515,093	588,173	-%
Apr 18, 2024	McGlone Suttner Wealth Management, Inc.	sold off	-	-25.00	-	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-135	880	-%
Apr 16, 2024	Cypress Wealth Services, LLC	unchanged	-	-163,966	1,064,360	0.25%
Apr 16, 2024	SummerHaven Investment Management, LLC	added	1.00	-122,939	861,754	0.54%
Apr 15, 2024	Sound Income Strategies, LLC	unchanged	-	-60.00	391	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	new	-	838,781	838,781	0.02%
Apr 12, 2024	NORTHWEST INVESTMENT COUNSELORS, LLC	new	-	9,287	9,287	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	5.33	-1,107	11,585	-%
Apr 09, 2024	Northwest Capital Management Inc	unchanged	-	-4,397	28,546	0.01%

Are Funds Buying or Selling WABC?

Are funds buying WABC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WABC

No. of Funds

Unveiling Westamerica Bancorporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	13.11%	3,492,884	SC 13G/A
Feb 12, 2024	american century investment management inc	5.46%	1,455,759	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	3,902,878	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	2.9%	785,265	SC 13G/A
Feb 09, 2023	vanguard group inc	12.63%	3,397,651	SC 13G/A
Feb 08, 2023	american century investment management inc	3.80%	1,022,892	SC 13G/A
Jan 24, 2023	blackrock inc.	14.1%	3,803,079	SC 13G
Oct 11, 2022	price t rowe associates inc /md/	7.8%	2,108,682	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	13.5%	3,643,235	SC 13G/A
Feb 10, 2022	vanguard group inc	11.58%	3,109,991	SC 13G/A

Recent SEC filings of Westamerica Bancorporation

View All Filings

Date Filed	Form Type	Document
Apr 18, 2024	8-K	Current Report
Mar 27, 2024	4	Insider Trading
Mar 15, 2024	3	Insider Trading
Mar 15, 2024	ARS	ARS
Mar 15, 2024	DEF 14A	DEF 14A
Mar 15, 2024	DEFA14A	DEFA14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	10-K	Annual Report

Peers (Alternatives to Westamerica Bancorporation)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	535.2B	171.1B	-5.35%	31.97%	10.8	3.13	60.72%	31.52%
BAC	291.1B	130.3B	0.60%	23.65%	10.98	2.23	79.51%	-3.68%
WFC	216.0B	85.7B	5.36%	44.88%	11.28	2.52	41.49%	39.96%
C	113.1B	133.3B	-1.61%	19.76%	12.25	0.85	79.09%	-
CFG	15.6B	10.2B	-2.44%	16.96%	9.7	1.53	44.53%	-22.43%
KEY	13.7B	7.9B	-2.66%	21.59%	14.14	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.35%	12.62%	7.76	1.64	56.25%	-23.46%
ZION	5.9B	3.9B	-3.44%	28.21%	8.69	1.5	45.91%	-25.03%
ABCB	3.2B	1.3B	-2.65%	33.98%	11.87	2.5	43.24%	-22.35%
ASB	3.1B	2.0B	-1.20%	13.72%	16.97	1.59	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	409.6M	164.9M	-5.29%	32.50%	35.02	2.48	42.66%	-70.76%
AROW	377.2M	162.6M	-6.69%	-0.22%	12.54	2.32	25.39%	-38.37%
ACNB	276.3M	96.6M	-11.56%	-1.79%	8.72	2.86	11.02%	-11.37%
ASRV	47.0M	60.9M	2.66%	-13.74%	-14.04	0.77	24.06%	-144.92%

Westamerica Bancorporation News

Latest updates

Westamerica Bancorporation Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.5%	71.00	73.00	70.00	70.00	69.00	61.00	48.00	44.00	43.00	44.00	44.00	42.00	43.00	41.00	42.00	40.00	40.00	40.00	40.00	39.00	39.00
EBITDA Margin	-0.3%	1.81*	1.81*	1.82*	1.82*	1.81*	1.81*	1.79*	1.78*	1.76*	1.77*	1.77*	1.78*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.3%	69.00	72.00	70.00	69.00	69.00	60.00	48.00	43.00	43.00	43.00	44.00	42.00	42.00	41.00	41.00	40.00	39.00	39.00	39.00	39.00	39.00
Income Taxes	0.2%	15.00	15.00	14.00	15.00	15.00	13.00	9.00	7.00	8.00	8.00	8.00	7.00	8.00	7.00	6.00	5.00	6.00	7.00	6.00	6.00	6.00
Earnings Before Taxes	-3.7%	55.00	57.00	55.00	55.00	54.00	47.00	34.00	30.00	29.00	30.00	31.00	27.00	32.00	27.00	26.00	22.00	27.00	27.00	26.00	25.00	25.00
EBT Margin	-0.3%	0.78*	0.78*	0.78*	0.77*	0.75*	0.72*	0.69*	0.69*	0.67*	0.69*	0.68*	0.66*	-	-	-	-	-	-	-	-	-
Net Income	-5.1%	39.00	42.00	40.00	40.00	39.00	35.00	25.00	23.00	22.00	22.00	23.00	20.00	24.00	20.00	20.00	17.00	21.00	20.00	20.00	20.00	19.00
Net Income Margin	-0.6%	0.57*	0.57*	0.57*	0.56*	0.55*	0.53*	0.51*	0.51*	0.50*	0.51*	0.51*	0.50*	-	-	-	-	-	-	-	-	-
Free Cashflow	-114.2%	-8.24	58.00	53.00	55.00	42.00	29.00	10.00	32.00	17.00	25.00	13.00	32.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.1%	6,365	6,567	6,583	6,700	6,950	7,177	7,222	7,306	7,461	7,404	7,148	6,912	6,748	6,563	6,464	5,628	5,620	5,616	5,523	5,556	5,569
Cash Equivalents	-	-	-	-	-	-	-	-	-	70.00	-	-	-	78.00	-	-	-	123	-	-	-	73.00
Net PPE	-1.7%	27.00	27.00	28.00	28.00	29.00	30.00	30.00	31.00	31.00	32.00	32.00	32.00	33.00	33.00	34.00	35.00	35.00	34.00	34.00	34.00	35.00
Goodwill	0%	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122	122
Liabilities	-5.5%	5,592	5,919	5,931	6,058	6,348	6,638	6,605	6,605	6,634	6,566	6,306	6,100	5,903	5,738	5,656	4,923	4,888	4,903	4,830	4,899	4,953
Short Term Borrowings	-49.6%	58.00	115	138	83.00	58.00	77.00	118	124	146	119	90.00	95.00	103	108	86.00	53.00	31.00	46.00	55.00	58.00	51.00
Shareholder's Equity	19.2%	773	648	652	643	602	539	617	702	827	838	842	812	845	826	808	706	731	713	693	657	616
Retained Earnings	6.0%	490	462	432	403	383	355	332	318	306	296	285	273	264	255	247	239	239	230	220	212	206
Shares Outstanding	0.1%	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	687	-	-	-	860	-	-	-	885	-	-	-	1,546	-	-	-	1,661	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-113.6%	-7,981	58,527	52,580	55,082	41,819	29,460	10,600	31,823	17,605	25,664	13,194	32,272	11,504	30,317	11,472	54,451	16,041	25,120	16,104	23,437	16,205
Cashflow From Investing	-48.6%	70,453	137,140	168,068	171,613	139,031	-396,985	-287,781	-85,551	-37,424	-185,161	-74,203	-9,296	83,230	-211,842	-506,610	-113,700	-50,968	-77,297	55,742	50,226	-128,511
Cashflow From Financing	-608.7%	-292,708	-41,304	-149,663	-325,729	-300,279	27,897	-7,119	-40,764	140,856	230,616	134,481	222,206	127,577	79,669	691,330	-9,544	-7,291	49,230	-75,048	-72,159	9,930
Dividend Payments	0.1%	11,733	11,726	11,192	11,303	11,303	11,303	11,292	11,284	11,283	11,015	11,015	10,991	11,022	11,043	11,116	11,104	11,093	11,063	11,041	10,745	10,691
Buy Backs	-	-	-	-	13,747	-	-	-	218	-	-	-	232	4,762	1,868	619	9,247	-	-	488	-	-

WABC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and Loan Fee Income:
Loans	$ 47,116	$ 49,682	$ 57,558
Nonmarketable equity securities	630	537	458
Debt securities available for sale	190,039	144,646	105,420
Debt securities held to maturity	35,557	19,101	8,875
Interest-bearing cash	10,671	7,790	1,132
Total Interest and Loan Fee Income	284,013	221,756	173,443
Interest Expense:
Deposits	3,770	1,846	1,877
Short-term borrowed funds	120	79	78
Total Interest Expense	3,890	1,925	1,955
Net Interest and Loan Fee Income	280,123	219,831	171,488
Reversal of Provision for Credit Losses	(1,150)	0	0
Net Interest and Loan Fee Income After Provision For Credit Losses	281,273	219,831	171,488
Noninterest Income:
Life insurance gains	279	930	0
Securities (losses) gains	(125)	0	34
Other noninterest income	2,893	2,598	2,926
Total Noninterest Income	43,522	45,121	43,345
Noninterest Expense:
Salaries and related benefits	47,871	46,125	48,011
Occupancy and equipment	20,520	19,884	19,139
Outsourced data processing services	9,846	9,684	9,601
Limited partnership operating losses	5,754	5,724	2,620
Courier service	2,652	2,614	2,177
Professional fees	1,751	2,628	3,253
Other noninterest expense	14,822	12,702	13,005
Total Noninterest Expense	103,216	99,361	97,806
Income Before Income Taxes	221,579	165,591	117,027
Provision for income taxes	59,811	43,557	30,518
Net Income	$ 161,768	$ 122,034	$ 86,509
Average Common Shares Outstanding (in shares)	26,703	26,895	26,855
Diluted Average Common Shares Outstanding (in shares)	26,706	26,907	26,870
Per Common Share Data:
Basic earnings (in dollars per share)	$ 6.06	$ 4.54	$ 3.22
Diluted earnings (in dollars per share)	6.06	4.54	3.22
Dividends paid (in dollars per share)	$ 1.72	$ 1.68	$ 1.65
Deposit Account [Member]
Noninterest Income:
Noninterest income revenue	$ 14,169	$ 14,490	$ 13,697
Credit Card, Merchant Discount [Member]
Noninterest Income:
Noninterest income revenue	11,280	11,623	11,998
Debit Card [Member]
Noninterest Income:
Noninterest income revenue	7,185	7,879	6,859
Fiduciary and Trust [Member]
Noninterest Income:
Noninterest income revenue	3,122	3,216	3,311
ATM Processing Fees [Member]
Noninterest Income:
Noninterest income revenue	2,618	2,160	2,280
Financial Service, Other [Member]
Noninterest Income:
Noninterest income revenue	1,765	1,808	1,884
Financial Services Commission [Member]
Noninterest Income:
Noninterest income revenue	$ 336	$ 417	$ 356

WABC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 190,314	$ 294,236
Debt securities available for sale	3,999,801	4,331,743
Debt securities held to maturity, net of allowance for credit losses of $1 at December 31, 2023 and $1 at December 31, 2022 (Fair value of $849,562 at December 31, 2023 and $873,511 at December 31, 2022)	878,396	915,913
Loans	866,602	958,488
Allowance for credit losses on loans	(16,867)	(20,284)
Loans, net of allowance for credit losses on loans	849,735	938,204
Premises and equipment, net	27,016	28,819
Identifiable intangibles, net	347	583
Goodwill	121,673	121,673
Other assets	297,310	319,146
Total Assets	6,364,592	6,950,317
Liabilities:
Noninterest-bearing deposits	2,605,844	2,947,277
Interest-bearing deposits	2,868,423	3,278,013
Total deposits	5,474,267	6,225,290
Short-term borrowed funds	58,162	57,792
Other liabilities	59,269	65,125
Total Liabilities	5,591,698	6,348,207
Contingencies (Note 12)
Shareholders' Equity:
Common stock (no par value), authorized - 150,000 shares Issued and outstanding: 26,671 at December 31, 2023 and 26,913 at December 31, 2022	473,136	475,086
Deferred compensation	35	35
Accumulated other comprehensive loss	(190,282)	(256,105)
Retained earnings	490,005	383,094
Total Shareholders' Equity	772,894	602,110
Total Liabilities and Shareholders' Equity	$ 6,364,592	$ 6,950,317

About Westamerica Bancorporation

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. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was founded in 1884 and is headquartered in San Rafael, California.

CEO	Mr. David L. Payne
WEBSITE	westamerica.com
INDUSTRY	Banks Diversified
EMPLOYEES	594

Westamerica Bancorporation Frequently Asked Questions

What is the ticker symbol for Westamerica Bancorporation? What does WABC stand for in stocks?

WABC is the stock ticker symbol of Westamerica Bancorporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Westamerica Bancorporation (WABC)?

As of Fri Apr 19 2024, market cap of Westamerica Bancorporation is 1.25 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WABC stock?

You can check WABC's fair value in chart for subscribers.

What is the fair value of WABC stock?

You can check WABC's fair value in chart for subscribers. The fair value of Westamerica Bancorporation is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Westamerica Bancorporation is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WABC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Westamerica Bancorporation a good stock to buy?

The fair value guage provides a quick view whether WABC is over valued or under valued. Whether Westamerica Bancorporation is cheap or expensive depends on the assumptions which impact Westamerica Bancorporation's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WABC.

What is Westamerica Bancorporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, WABC's PE ratio (Price to Earnings) is 7.71 and Price to Sales (PS) ratio is 4.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WABC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Westamerica Bancorporation's stock?

In the past 10 years, Westamerica Bancorporation has provided 0.016 (multiply by 100 for percentage) rate of return.