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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 3.47
WABC's Cash to Debt is ranked higher than
84% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.52 vs. WABC: 3.47 )
WABC' s 10-Year Cash to Debt Range
Min: 0.17   Max: 9.11
Current: 3.47

0.17
9.11
Equity to Asset 0.11
WABC's Equity to Asset is ranked higher than
80% of the 2028 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. WABC: 0.11 )
WABC' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.11
Current: 0.11

0.07
0.11
Interest Coverage 22.92
WABC's Interest Coverage is ranked higher than
97% of the 1861 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.28 vs. WABC: 22.92 )
WABC' s 10-Year Interest Coverage Range
Min: 0.68   Max: 22.92
Current: 22.92

0.68
22.92
F-Score: 5
Z-Score: 0.28
WACC vs ROIC
11.17%
35.43%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 41.87
WABC's Operating margin (%) is ranked higher than
88% of the 2053 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.72 vs. WABC: 41.87 )
WABC' s 10-Year Operating margin (%) Range
Min: 29.28   Max: 57.37
Current: 41.87

29.28
57.37
Net-margin (%) 32.16
WABC's Net-margin (%) is ranked higher than
89% of the 2053 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.65 vs. WABC: 32.16 )
WABC' s 10-Year Net-margin (%) Range
Min: 19.43   Max: 41.8
Current: 32.16

19.43
41.8
ROE (%) 11.30
WABC's ROE (%) is ranked higher than
86% of the 2058 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.74 vs. WABC: 11.30 )
WABC' s 10-Year ROE (%) Range
Min: 11.34   Max: 27.88
Current: 11.3

11.34
27.88
ROA (%) 1.23
WABC's ROA (%) is ranked higher than
89% of the 2060 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. WABC: 1.23 )
WABC' s 10-Year ROA (%) Range
Min: 1.23   Max: 2.78
Current: 1.23

1.23
2.78
ROC (Joel Greenblatt) (%) 211.56
WABC's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 2017 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 80.18 vs. WABC: 211.56 )
WABC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 14.48   Max: 353.4
Current: 211.56

14.48
353.4
Revenue Growth (3Y)(%) -7.30
WABC's Revenue Growth (3Y)(%) is ranked higher than
61% of the 1724 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.50 vs. WABC: -7.30 )
WABC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -9.4   Max: 15.2
Current: -7.3

-9.4
15.2
EBITDA Growth (3Y)(%) -8.40
WABC's EBITDA Growth (3Y)(%) is ranked higher than
60% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. WABC: -8.40 )
WABC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -17   Max: 22
Current: -8.4

-17
22
EPS Growth (3Y)(%) -8.80
WABC's EPS Growth (3Y)(%) is ranked higher than
62% of the 1550 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.90 vs. WABC: -8.80 )
WABC' s 10-Year EPS Growth (3Y)(%) Range
Min: -14.1   Max: 25.2
Current: -8.8

-14.1
25.2
» WABC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

WABC Guru Trades in Q1 2014

Bill Frels 5,359 sh (unchged)
Ken Fisher 904,538 sh (-1.25%)
» More
Q2 2014

WABC Guru Trades in Q2 2014

Bill Frels 5,359 sh (unchged)
Ken Fisher 883,873 sh (-2.28%)
» More
Q3 2014

WABC Guru Trades in Q3 2014

Ken Fisher 888,463 sh (+0.52%)
Bill Frels 5,359 sh (unchged)
» More
Q4 2014

WABC Guru Trades in Q4 2014

Jim Simons 59,435 sh (New)
Bill Frels 5,359 sh (unchged)
Ken Fisher 874,183 sh (-1.61%)
» More
» Details

Insider Trades

Latest Guru Trades with WABC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
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Guru Investment Theses on Westamerica Bancorp

Lountzis Asset Management Comments on Westamerica Bancorp - Mar 21, 2014

Westamerica Bancorp is one of the finest banks in the country. However, the stock was selling for 3.5x tangible book value and 19x earnings, both representing excessive valuation levels. Furthermore, the net interest margin continued to decline from 5.11% over a year ago to under 4% today. Finally, with no growth in loan volumes and limited opportunities in the investment portfolio, we felt it was time to sell at a gain of over 40% including dividends.



From Lountzis Asset Management 2013 Annual Letter



Check out latest stock trades

Top Ranked Articles about Westamerica Bancorp

Lountzis Asset Management Comments on Westamerica Bancorp
Westamerica Bancorp is one of the finest banks in the country. However, the stock was selling for 3.5x tangible book value and 19x earnings, both representing excessive valuation levels. Furthermore, the net interest margin continued to decline from 5.11% over a year ago to under 4% today. Finally, with no growth in loan volumes and limited opportunities in the investment portfolio, we felt it was time to sell at a gain of over 40% including dividends. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.40
WABC's P/E(ttm) is ranked higher than
73% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.80 vs. WABC: 18.40 )
WABC' s 10-Year P/E(ttm) Range
Min: 11.72   Max: 29.55
Current: 18.4

11.72
29.55
Forward P/E 18.90
WABC's Forward P/E is ranked higher than
76% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.42 vs. WABC: 18.90 )
N/A
PE(NRI) 18.40
WABC's PE(NRI) is ranked higher than
73% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.80 vs. WABC: 18.40 )
WABC' s 10-Year PE(NRI) Range
Min: 11.73   Max: 29.52
Current: 18.4

11.73
29.52
P/B 2.10
WABC's P/B is ranked higher than
63% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.32 vs. WABC: 2.10 )
WABC' s 10-Year P/B Range
Min: 1.92   Max: 5.5
Current: 2.1

1.92
5.5
P/S 5.94
WABC's P/S is ranked higher than
64% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.63 vs. WABC: 5.94 )
WABC' s 10-Year P/S Range
Min: 4.05   Max: 9.36
Current: 5.94

4.05
9.36
PFCF 14.31
WABC's PFCF is ranked higher than
80% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. WABC: 14.31 )
WABC' s 10-Year PFCF Range
Min: 7.87   Max: 56.21
Current: 14.31

7.87
56.21
POCF 13.63
WABC's POCF is ranked higher than
76% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 77.89 vs. WABC: 13.63 )
WABC' s 10-Year POCF Range
Min: 7.81   Max: 19.83
Current: 13.63

7.81
19.83
EV-to-EBIT 10.43
WABC's EV-to-EBIT is ranked higher than
92% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.45 vs. WABC: 10.43 )
WABC' s 10-Year EV-to-EBIT Range
Min: 6.2   Max: 30.8
Current: 10.43

6.2
30.8
Shiller P/E 13.56
WABC's Shiller P/E is ranked higher than
93% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. WABC: 13.56 )
WABC' s 10-Year Shiller P/E Range
Min: 10.2   Max: 23.48
Current: 13.56

10.2
23.48

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.55
WABC's Dividend Yield is ranked higher than
73% of the 1919 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.40 vs. WABC: 3.55 )
WABC' s 10-Year Dividend Yield Range
Min: 1.77   Max: 4.1
Current: 3.55

1.77
4.1
Dividend Payout 0.66
WABC's Dividend Payout is ranked higher than
63% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. WABC: 0.66 )
WABC' s 10-Year Dividend Payout Range
Min: 0.25   Max: 0.68
Current: 0.66

0.25
0.68
Dividend growth (3y) 1.60
WABC's Dividend growth (3y) is ranked higher than
70% of the 1116 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 vs. WABC: 1.60 )
WABC' s 10-Year Dividend growth (3y) Range
Min: 1.1   Max: 30.5
Current: 1.6

1.1
30.5
Yield on cost (5-Year) 3.75
WABC's Yield on cost (5-Year) is ranked higher than
73% of the 1931 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.40 vs. WABC: 3.75 )
WABC' s 10-Year Yield on cost (5-Year) Range
Min: 1.9   Max: 4.4
Current: 3.75

1.9
4.4
Share Buyback Rate 3.10
WABC's Share Buyback Rate is ranked higher than
96% of the 1458 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.70 vs. WABC: 3.10 )
WABC' s 10-Year Share Buyback Rate Range
Min: 5.6   Max: 0.6
Current: 3.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.84
WABC's Price/Tangible Book is ranked higher than
63% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.51 vs. WABC: 2.84 )
WABC' s 10-Year Price/Tangible Book Range
Min: 1.59   Max: 17.54
Current: 2.84

1.59
17.54
Price/DCF (Projected) 0.77
WABC's Price/DCF (Projected) is ranked higher than
83% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.55 vs. WABC: 0.77 )
WABC' s 10-Year Price/DCF (Projected) Range
Min: 0.76   Max: 1.41
Current: 0.77

0.76
1.41
Price/Median PS Value 0.94
WABC's Price/Median PS Value is ranked higher than
91% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.24 vs. WABC: 0.94 )
WABC' s 10-Year Price/Median PS Value Range
Min: 0.48   Max: 1.24
Current: 0.94

0.48
1.24
Price/Graham Number 1.52
WABC's Price/Graham Number is ranked higher than
68% of the 2695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.17 vs. WABC: 1.52 )
WABC' s 10-Year Price/Graham Number Range
Min: 1.32   Max: 2.44
Current: 1.52

1.32
2.44
Earnings Yield (Greenblatt) 9.60
WABC's Earnings Yield (Greenblatt) is ranked higher than
89% of the 2041 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. WABC: 9.60 )
WABC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.2   Max: 16.1
Current: 9.6

3.2
16.1
Forward Rate of Return (Yacktman) 1.13
WABC's Forward Rate of Return (Yacktman) is ranked higher than
59% of the 1289 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.40 vs. WABC: 1.13 )
WABC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.1   Max: 15
Current: 1.13

-2.1
15

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Traded in other countries:WB1.Germany,
Westamerica Bancorp was incorporated under the laws of the State of California in 1972. The Company acts as a holding company for Westamerica Bank which provides banking services to individual and business customers in California. The bank offers deposit services such as: money market savings, checking accounts, non interest demand account deposits, and transaction, savings, and time accounts. Its portfolio of loans includes commercial and residential real estate, commercial and residential real estate construction loans. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. The Banks competitors includes major banks, smaller community banks, savings and loan associations and credit unions, thrift and loans, mortgage brokerage companies and insurance companies. Other institutions, such as brokerage houses, mutual fund companies, credit card companies, and certain retail establishments have offered investment vehicles which also compete with banks for deposit business. The Company is a bank holding company subject to the BHCA.
» More Articles for WABC

Headlines

Articles On GuruFocus.com
Lountzis Asset Management Comments on Westamerica Bancorp Mar 21 2014 
SVP/CFO of Westamerica Bancorporation John A Thorson sold 21,600 shares Jul 21 2013 
Final Dividend Contenders - Part XII Jun 07 2011 
Westamerica Ban Corp. (WABC) SVP/CFO John A Thorson sells 5,770 Shares Feb 08 2011 
Westamerica Ban Corp. (WABC) Chairman, President & CEO David L Payne sells 27,081 Shares Nov 04 2010 
Westamerica Ban Corp. Reports Operating Results (10-Q) Nov 01 2010 
Westamerica Ban Corp. Reports Operating Results (10-Q) Jul 30 2010 
Westamerica Ban Corp. (WABC) Chairman, President & CEO David L Payne sells 74,400 Shares Jul 22 2010 
Westamerica Ban Corp. Reports Operating Results (10-Q) Apr 30 2010 
Westamerica Ban Corp. (WABC) SVP/CFO John A Thorson sells 6,000 Shares Apr 27 2010 

More From Other Websites
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WESTAMERICA BANCORPORATION Files SEC form 10-K, Annual Report Mar 02 2015
WESTAMERICA BANCORPORATION Files SEC form 8-K, Change in Directors or Principal Officers Feb 13 2015
Westamerica Bancorporation declares quarterly cash dividend Jan 22 2015
WESTAMERICA BANCORPORATION Files SEC form 8-K, Other Events Jan 22 2015
Westamerica Bancorporation Declares Quarterly Cash Dividend Jan 22 2015
Analysts' Actions: NRG Energy, Westamerica Bancorp Jan 21 2015
Westamerica Banc downgraded by BMO Capital Markets Jan 16 2015
Westamerica Reports In-Line Q4 Earnings, Shares Down 1.7% - Analyst Blog Jan 16 2015
Westamerica Bancorporation reports fourth quarter 2014 financial results Jan 15 2015
Westamerica posts 4Q profit Jan 15 2015
Westamerica posts 4Q profit Jan 15 2015
WESTAMERICA BANCORPORATION Files SEC form 8-K, Results of Operations and Financial Condition Jan 15 2015
Westamerica Bancorporation Reports Fourth Quarter 2014 Financial Results Jan 15 2015
5 Earnings Short-Squeeze Plays: Neptune Technologies and More Jan 13 2015
WESTAMERICA BANCORPORATION Financials Nov 11 2014
Westamerica Bancorp (WABC) Upgraded From Hold to Buy Nov 07 2014
WESTAMERICA BANCORPORATION Files SEC form 10-Q, Quarterly Report Nov 03 2014

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