Westamerica Bancorporation

Company Profile

Westamerica Bancorporation had its IPO on 1992-03-17 under the ticker symbol WABC.

The company operates in the Financial Services sector and Banks-Regional industry. Westamerica Bancorporation has a staff strength of 594 employees.

Stock update

Shares of Westamerica Bancorporation opened at $44.8 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $44.65 - $46.56, and closed at $46.28.

This is a +2.78% increase from the previous day's closing price.

A total volume of 208,443 shares were traded at the close of the day’s session.

In the last one week, shares of Westamerica Bancorporation have slipped by -8.01%.

Westamerica Bancorporation's Key Ratios

Westamerica Bancorporation has a market cap of $1.21 billion, indicating a price to book ratio of 2.8571 and a price to sales ratio of 6.3684.

In the last 12-months Westamerica Bancorporation’s revenue was $264.02 million with a gross profit of $264.02 million and an EBITDA of $0. The EBITDA ratio measures Westamerica Bancorporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Westamerica Bancorporation’s operating margin was 64.53% while its return on assets stood at 1.69% with a return of equity of 17.08%.

In Q4, Westamerica Bancorporation’s quarterly earnings growth was a positive 80.8% while revenue growth was a positive 46.6%.

Westamerica Bancorporation’s PE and PEG Ratio

Forward PE

0

Trailing PE

10.694

PEG

8.32

Its diluted EPS in the last 12-months stands at $4.2 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 8.32. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Westamerica Bancorporation’s profitability.

Westamerica Bancorporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 6.3684.

Westamerica Bancorporation stock pays annual dividends of $1.68 per share, indicating a yield of 3.45% and a payout ratio of 37.09%.

Balance sheet and cash flow metrics

Total Assets

$6.95 billion

Total Liabilities

$167.54 million

Operating Cash Flow

$139.03 million

Capital Expenditure

$1000

Dividend Payout Ratio

37.09%

Westamerica Bancorporation ended 2023 with $6.95 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.95 billion while shareholder equity stood at $602.11 million.

Westamerica Bancorporation ended 2023 with $0 in deferred long-term liabilities, $167.54 million in other current liabilities, 475121000.00 in common stock, $383.09 million in retained earnings and $121.67 million in goodwill. Its cash balance stood at $294.24 million and cash and short-term investments were $4.63 billion. The company’s total short-term debt was $57,792,000 while long-term debt stood at $0.

Westamerica Bancorporation’s total current assets stands at $4.63 billion while long-term investments were $5.25 billion and short-term investments were $4.33 billion. Its net receivables were $938.20 million compared to accounts payable of $0 and inventory worth $0.

In 2023, Westamerica Bancorporation's operating cash flow was $139.03 million while its capital expenditure stood at $1000.

Comparatively, Westamerica Bancorporation paid $0.37 in dividends in 2023.

Other key metrics

Current Trading Price

$46.28

52-Week High

$63.381

52-Week Low

$44.65

Analyst Target Price

$70

Westamerica Bancorporation stock is currently trading at $46.28 per share. It touched a 52-week high of $63.381 and a 52-week low of $63.381. Analysts tracking the stock have a 12-month average target price of $70.

Its 50-day moving average was $53.97 and 200-day moving average was $56.23 The short ratio stood at 3.2 indicating a short percent outstanding of 0%.

Around 391.7% of the company’s stock are held by insiders while 7898.5% are held by institutions.