Westamerica Story

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WABC -- USA Stock  

USD 60.11  1.55  2.51%

Macroaxis News
By Raphi Shpitalnik  
Macroaxis Story
It appears Westamerica Bancorporation will continue to recover much faster as its share price surged up 0.07% today. The company current daily volatility is 2.27 percent, with a beta of 1.2 and an alpha of 0.0 over DOW. As many millenniums are trying to avoid westamerica bancorporation, it makes sense to go over Westamerica Bancorporation a little further and try to understand its current market patterns. Why are we still confident in our projection for a recovery.
Published over a month ago
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Should you keep an eye on Westamerica Bancorporation (NASDAQ:WABC) management before February?
Westamerica Bancorporation currently holds roughly 398.96 M in cash with 112.28 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 14.85. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Westamerica Bancorporation has an asset utilization ratio of 3.87 percent. This suggests that the company is making $0.0387 for each dollar of assets. An increasing asset utilization means that Westamerica Bancorporation is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Westamerica Bancorp, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Westamerica Bancorp along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Westamerica Bancorp's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Westamerica Bancorp in the context of predictive analytics.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westamerica Bancorp. Your research has to be compared to or analyzed against Westamerica Bancorp's peers to derive any actionable benefits. When done correctly, Westamerica Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Westamerica Bancorp.

How important is Westamerica Bancorp's Liquidity

Westamerica Bancorp financial leverage refers to using borrowed capital as a funding source to finance Westamerica Bancorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Westamerica Bancorp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Westamerica Bancorp's total debt and its cash.

How Westamerica utilizes its cash?

To perform a cash flow analysis of Westamerica Bancorp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Westamerica Bancorp is receiving and how much cash it distributes out in a given period. The Westamerica Bancorp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Westamerica Bancorp Net Cash Flow from Operations is projected to decrease significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 92.81 Million

Westamerica Bancorp Correlation with Peers

Investors in Westamerica can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Westamerica Bancorp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Westamerica Bancorp and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Westamerica is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Westamerica for more details

Acquisition by Leavitt Jesse of 12300 shares of Westamerica Bancorp subject to Rule 16b-3

Legal trades by Westamerica Bancorp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Westamerica insider trading alert for grant of non-qualified stock option (right to buy) by Leavitt Jesse, CFO, on 1st of February 2021. This event was filed by Westamerica Bancorporatio with SEC on 2021-02-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down Westamerica Bancorp Indicators

We consider Westamerica Bancorporation very steady. Westamerica Bancorporation shows Sharpe Ratio of 0.0779, which attests that the company had 0.0779% of return per unit of risk over the last month. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Westamerica Bancorporation, which you can use to evaluate future volatility of the company. Please check out Westamerica Bancorporation Market Risk Adjusted Performance of 0.1276, mean deviation of 1.42, and Downside Deviation of 1.78 to validate if the risk estimate we provide is consistent with the expected return of 0.18%.
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Momentum Analysis of Westamerica Bancorporation suggests possible reversal in February

Westamerica Bancorporation current market risk adjusted performance builds up over 0.13. As of the 21st of January, Westamerica Bancorporation maintains the Mean Deviation of 1.42, market risk adjusted performance of 0.1276, and Downside Deviation of 1.78. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Westamerica Bancorporation, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Westamerica Bancorporation, which can be compared to its rivals. Please check out Westamerica Bancorporation value at risk, as well as the relationship between the semi variance and kurtosis to decide if Westamerica Bancorporation is priced fairly, providing market reflects its latest price of 59.75 per share. Given that Westamerica Bancorporation has jensen alpha of (0.00080953), we strongly advise you to confirm Westamerica Bancorporation's prevalent market performance to make sure the company can sustain itself at a future point.

The Current Takeaway on Westamerica Bancorporation Investment

Whereas some companies under the banks?regional industry are still a bit expensive, Westamerica Bancorporation may offer a potential longer-term growth to investors. To conclude, as of the 21st of January 2021, we believe that Westamerica Bancorporation is currently fairly valued with low probability of distress in the next two years. Our present 30 days 'Buy-Sell' recommendation on the company is Strong Hold.

About Contributor

Raphi Shpitalnik is a Junior Member of Macroaxs Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time base at the beginning of the pandemic and eventually acquired a real test for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Westamerica Bancorp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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