Westamerica Bancorporation Stock Downgraded (WABC)
- The gross profit margin for WESTAMERICA BANCORPORATION is currently very high, coming in at 92.80%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.10% significantly outperformed against the industry average.
- Net operating cash flow has significantly increased by 1012.54% to $29.35 million when compared to the same quarter last year. In addition, WESTAMERICA BANCORPORATION has also vastly surpassed the industry average cash flow growth rate of -37.48%.
- WABC, with its decline in revenue, underperformed when compared the industry average of 20.7%. Since the same quarter one year prior, revenues slightly dropped by 3.5%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
- WESTAMERICA BANCORPORATION's earnings per share declined by 7.5% in the most recent quarter compared to the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, WESTAMERICA BANCORPORATION reported lower earnings of $3.22 versus $4.15 in the prior year. For the next year, the market is expecting a contraction of 3.1% in earnings ($3.12 versus $3.22).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Commercial Banks industry. The net income has decreased by 9.7% when compared to the same quarter one year ago, dropping from $23.56 million to $21.27 million.
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