Westamerica Bancorporation Stock Downgraded (WABC)
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- The gross profit margin for WESTAMERICA BANCORPORATION is currently very high, coming in at 93.00%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 33.40% significantly outperformed against the industry average.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 17.9%. Since the same quarter one year prior, revenues fell by 10.8%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
- The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Commercial Banks industry average. The net income has decreased by 10.7% when compared to the same quarter one year ago, dropping from $22.43 million to $20.02 million.
-- Written by a member of TheStreet Ratings Staff
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