Westamerica Bancorporation Stock Fair Value – Yousif Capital Management LLC Sells Shares of Westamerica Bancorporation (NASDAQ:WABC)

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Yousif Capital Management LLC recently sold a portion of its shares of Westamerica Bancorporation ($NASDAQ:WABC) (NASDAQ:WABC). Westamerica Bancorporation is a diversified financial services company based in California. Westamerica focuses on delivering superior customer service and strong financial performance by providing innovative products and services to meet their customers’ needs. The company is well positioned to capitalize on the growing demand for financial services in the state of California. Westamerica has been serving customers for over a century and has become one of the largest public banks in the United States. It is the leading bank in many of its core markets, and it is consistently ranked among the highest performing banks in the U.S. Its key services include consumer banking, commercial banking, credit cards, mortgages, trust services, investments, and more. Westamerica also provides wealth management advice, as well as insurance products, through its subsidiary Westamerica Insurance Services. Westamerica has consistently generated positive results year after year. This strong performance was driven by growth in net interest income and higher levels of noninterest income.

In addition, Westamerica’s capital adequacy ratios remain well above the regulatory requirements set by the Federal Reserve. Despite Yousif Capital Management LLC selling shares of the company, Westamerica remains a sound investment choice for investors seeking exposure to the financial sector.

Stock Price

On Tuesday, the stock opened at $45.8 and closed at $45.3, representing a 1.6% decrease from its prior closing price of 46.0. This marked the second consecutive day of losses for Westamerica Bancorporation as investors were not encouraged by the company’s recent performance. Despite the drop in share prices, Westamerica Bancorporation remains a well-established financial services provider in the United States with offices located in California, Arizona, and Nevada.

The company boasts a strong track record of profitable returns and has recently implemented Strategic initiatives to further expand its presence in the West Coast region. Investors should keep a close eye on Westamerica Bancorporation as it looks to maintain its strong performance in the coming days. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Westamerica Bancorporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Westamerica Bancorporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Westamerica Bancorporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Westamerica Bancorporation are shown below. More…

Analysis – Westamerica Bancorporation Stock Fair Value

At GoodWhale, we conducted an analysis of WESTAMERICA BANCORPORATION‘s wellbeing based on various factors. We used our proprietary Valuation Line to calculate the intrinsic value of the WESTAMERICA BANCORPORATION share to be around $69.6. Currently, the WESTAMERICA BANCORPORATION stock is traded at $45.3 which is lower than its intrinsic value and therefore undervalued by 34.9%. More…

Peers

The company’s primary subsidiary is Westamerica Bank, a regional community bank with over 80 branches and 2,000 employees serving customers in northern and central California. Westamerica Bancorp competes with other regional banks such as Eagle Bancorp Inc, Spar Nord Bank A/S, and CNB Financial Services Inc.

– Eagle Bancorp Inc ($NASDAQ:EGBN)

Eagle Bancorp Inc is a bank holding company that operates through its subsidiary, EagleBank. The company offers a range of banking products and services to businesses and individuals in Montgomery County, Maryland, and Washington D.C. As of December 31, 2020, the company operated 21 banking offices.

– Spar Nord Bank A/S ($LTS:0JH4)

Spar Nord Bank A/S is a Denmark-based bank engaged in the provision of banking products and services to retail, corporate and institutional customers. The Bank’s product range comprises current and savings accounts, loans, mortgages, credit cards, payment services, investments and pension products, as well as leasing, factoring and export financing. It also offers insurance products, such as motor, household, travel, life and health insurance. The Bank operates a branch network in Denmark and offices in Sweden, Norway, the Faroe Islands, Finland, Luxembourg and Germany.

– CNB Financial Services Inc ($OTCPK:CBFC)

CNB Financial Services Inc is a holding company for Citizens National Bank, which is a full-service bank that offers personal and business banking services. The company has a market cap of 22.29M and a ROE of -25.68%. The company operates in Pennsylvania, New York, and Ohio.

Summary

Investors have recently shown a decreased interest in Westamerica Bancorporation (NASDAQ:WABC). Yousif Capital Management LLC has reduced their position in the company. Analysts are speculating that it could be due to the company’s declining earnings, lack of new business opportunities, and/or increased competition in its primary markets.

Additionally, investors may also be concerned with WABC’s current valuation, as it is trading at a high price relative to its peers. Despite the current bearish sentiment, there are still opportunities for investors to potentially make money by investing in WABC. Many analysts are recommending that investors take a closer look at the company’s fundamentals and business model before investing in it.