This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Most Profitable Bank Stocks (Update 1)

2. Westamerica Bancorp

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

San Rafael, California-based Westamerica Bancorp (WABC) was the only bank in the list to see a slight drop in its return on assets in 2011.

The measure dropped to 1.78% from 1.95% in 2010. That still places it in the second place in the profitability rankings.

The bank's fourth-quarter profit fell short of estimates, coming in at 77 cents per share. Average loans declined 4% sequentially, due to a 3% drop in legacy balances. Margins also dropped 8 basis points to 5.42%.

Still RBC Capital analyst Joe Morford believes the bank's "superior profitability" and "flight to quality" status makes it an attractive long-term core holding in a challenging environment.

The stock is richly valued at 15 times forward earnings per share. Three analysts rate the stock a buy or outperform, 6 a hold and one has a sell rating.
9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $12.95 0.00%
C $39.86 0.00%
CBSH $41.13 0.00%
COF $63.36 0.00%
PB $40.62 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs