WestAmerica Bancorp. (NASDAQ:WABC)

CAPS Rating: No stars

Multi-bank holding company that provides a full range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank. Also provides data processing services to its subsidiaries.


Player Avatar clydemiller (76.98) Submitted: 10/14/2008 1:26:13 PM : Outperform Start Price: $45.73 WABC Score: -104.23

conservative california bank

Member Avatar IBleedConcrete (33.01) Submitted: 10/19/2008 5:08:35 PM
Recs: 1

This is the most overpriced bank in America. Revenues are crashing, earnings are crashing and bigger writedowns are coming on worthless California real estate. Yet WABC is still trading at over 5x tangible book value.

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