Westamerica Bancorporation chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 8.90
Dividend & Yield1.68$ (2.81%)
Beta 0.68
Market capitalization 1.61B
Operating cash flow 89.49M
ESG Scores unknown

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.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
no companies found

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -943k 3.66M -246k 3.9M
Total Cashflows From Investing Activities -253.56M -22.3M -748.92M -306.08M
Net Borrowings -7.22M -20.32M 71.62M 43.7M
Total Cash From Financing Activities 2.22M -105.27M 889.03M 728.16M
Change To Operating Activities -4.62M -20.11M 10.75M -10.55M
Issuance Of Stock 13.37M 13.7M 2.84M 3.02M
Net Income 71.56M 80.39M 80.41M 86.51M
Change In Cash -154.72M -46.86M 247.85M 510.81M
Effect Of Exchange Rate
Total Cash From Operating Activities 96.63M 80.7M 107.74M 88.73M
Depreciation 24.4M 20.63M 22.65M 16.62M
Change To Account Receivables
Other Cashflows From Financing Activities 39.23M -54.22M 875.36M 725.98M
Change To Netincome 953k 834k -1.95M -4.19M
Capital Expenditures -3.12M -3.99M -2.2M -1.32M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 91M 105.22M 106.8M 117.03M
Net Income 71.56M 80.39M 80.41M 86.51M
Selling General Administrative 86.54M 85.11M 84.24M 82.18M
Gross Profit 197.33M 203.77M 205.37M 214.83M
Ebit
Operating Income 95.83M 105.87M 107.09M 117.3M
Interest Expense
Income Tax Expense 19.43M 24.83M 26.39M 30.52M
Total Revenue 197.33M 203.77M 205.37M 214.83M
Cost Of Revenue
Total Other Income ExpenseNet -4.84M -658k -287k -269k
Net Income From Continuing Ops 71.56M 80.39M 80.41M 86.51M
Net Income Applicable To Common Shares 71.56M 80.39M 80.41M 86.51M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 4.95B 4.89B 5.9B 6.63B
Total Stockholder Equity 615.59M 731.42M 844.81M 827.1M
Other Current Liabilities
Total Assets 5.57B 5.62B 6.75B 7.46B
Common Stock 448.35M 465.46M 466.01M 471.01M
Other Current Assets 25.83M 28.8M 33.02M 35.52M
Retained Earnings 205.84M 239.13M 264.36M 306.39M
Treasury Stock -38.6M 26.82M 114.45M 49.7M
Cash 420.28M 373.42M 621.27M 1.13B
Total Current Liabilities 4.92B 4.84B 5.79B 6.57B
Other Stockholder Equity -38.6M 26.82M 114.45M 49.7M
Property, Plant, and Equipment 34.51M 51.73M 51.65M 49.13M
Total Current Assets 451.13M 406M 658.87M 1.17B
Net Tangible Assets 491.99M 608.35M 722.03M 704.59M
Net Receivables
Accounts Payable 4.87B 4.81B 5.69B 6.41B


Insider Transactions

Here are the insider transactions of stock shares related to Westamerica Bancorporation:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HASSID MICHELE R.Purchase at price 60.43 per share.D2022-11-03Director173
ENSINGER GEORGE SSale at price 58.60 per share.D2022-02-03Officer1k
THORSON JOHN A.Stock Award(Grant) at price 0.00 per share.D2022-01-27Officer and Treasurer1.99k
ENSINGER GEORGE SStock Award(Grant) at price 0.00 per share.D2022-01-27Officer1.31k
MACMILLAN CATHERINE COPESale at price 64.15 per share.D2021-04-19Director2.2k
BARTOLINI LOUIS EStock Gift at price 0.00 per share.I2021-04-13Director100
THORSON JOHN A.Stock Award(Grant) at price 0.00 per share.D2021-01-28Officer and Treasurer1.99k
ENSINGER GEORGE SStock Award(Grant) at price 0.00 per share.D2021-01-28Officer1.31k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Westamerica Bancorporation. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Westamerica Bancorporation

Here is the result of two systematic investment strategies applied to Westamerica Bancorporation. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Westamerica Bancorporation

The following chart shows the equity curve of the two systematic investment strategies applied to Westamerica Bancorporation:

Westamerica Bancorporation automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -7.98% on the backtest period.

Performance at glance

Performance

-7.98 %

Latent gain

-178.06 $

Invested capital

2231.93 $

Annualized return

-1.93 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Westamerica Bancorporation

This is the result of two momentum investment strategies applied to Westamerica Bancorporation. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Westamerica Bancorporation

The following chart shows all the entries opened by the momentum investment system on Westamerica Bancorporation:

Westamerica Bancorporation momentum entries
  • The first momentum investment strategy would give -5.05% of return on Westamerica Bancorporation. That represents -289.58$ of latent gain with 5729.56$ of employed capital.
  • The second momentum investment strategy would give -5.76% of return on Westamerica Bancorporation. That represents -210.3$ of latent gain with 3651.92$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-5.05 %

Latent gain

-289.58 $

Invested capital

5729.56 $

Annualized return

-3.21 %
Performance at glance (2Q Momentum)

Performance

-5.76 %

Latent gain

-210.3 $

Invested capital

3651.92 $

Annualized return

-1.57 %

Momentum equity curve on Westamerica Bancorporation

The following chart shows the equity curve of the two momentum strategies applied to Westamerica Bancorporation:

Westamerica Bancorporation momentum equity

Note: the dividends potentially given by Westamerica Bancorporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Westamerica Bancorporation

The following chart shows the employed capital evolution of the two momentum strategies on Westamerica Bancorporation since the beginning:

Westamerica Bancorporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Westamerica Bancorporation

Buy the dip entry openings on Westamerica Bancorporation

Westamerica Bancorporation

The performance achieved by the robo-advisor on Westamerica Bancorporation is -6.86%. That represents -65.4$ of latent gain with 953.56$ of employed capital. The following chart shows Westamerica Bancorporation stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Westamerica Bancorporation, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-6.86 %

Latent gain

-65.4 $

Invested capital

953.56 $

Annualized return

-3.21 %

Equity curve of the strategy applied to Westamerica Bancorporation

The following chart shows the result of the investment strategy applied to Westamerica Bancorporation:

Westamerica Bancorporation

Note: the dividends potentially given by Westamerica Bancorporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Westamerica Bancorporation

The following chart shows the employed capital evolution since the beginning of the investment strategy on Westamerica Bancorporation:

Westamerica Bancorporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Westamerica Bancorporation

In this section, I will compare the three previous investment strategies applied to Westamerica Bancorporation.

Equity curve comparison on Westamerica Bancorporation

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Westamerica Bancorporation investment strategy comparison

Employed capital comparison on Westamerica Bancorporation

Westamerica Bancorporation investment comparison

Performance comparison on Westamerica Bancorporation

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -7.98% -178.06$ 2231.93$ -1.93%
Momentum 1 quarter -5.05% -289.58$ 5729.56$ -1.29%
Momentum 2 quarters -5.76% -210.3$ 3651.92$ -1.57%
Non-directional -6.86% -65.4$ 953.56$ -3.21%
Annualized return comparison

Automatic investment

-1.93 %

Momentum 1Q

-1.57 %

Momentum 2Q

-1.57 %

Non-directional

-3.21 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Westamerica Bancorporation:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • SPECTRIS PLC ORD 5P

  • Note: The algorithm computes the probability of correlation between Westamerica Bancorporation and the other stocks. There may be false positives or some missing correlated stocks. If the price of Westamerica Bancorporation does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Westamerica Bancorporation
    Country United States
    City San Rafael
    Address 1108 Fifth Avenue
    Phone 707 863 6000
    Website www.westamerica.com
    FullTime employees 534
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker WABC
    Market www.nasdaq.com

    Westamerica Bancorporation ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown