West Coast Community Bancorp logo WCCB - West Coast Community Bancorp

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 1
HOLD 0
SELL 0
STRONG
SELL 0
| PRICE TARGET: $52.00 DETAILS
HIGH: $52.00
LOW: $52.00
MEDIAN: $52.00
CONSENSUS: $52.00
DOWNSIDE: 4.76%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Undervalued Strong
Trading 53.1% below fair value
Current Price $54.60
Bear Case $77.76 42.4% upside ($77.76 - $54.60) / $54.60 = 42.4% ROTCE 12.1% → 2.61x TBV
Fair Value $116.49 113.4% upside ($116.49 - $54.60) / $54.60 = 113.4% ROTCE 16.1% → 3.91x TBV
Bull Case $119.21 118.3% upside ($119.21 - $54.60) / $54.60 = 118.3% ROTCE 18.5% → 4.00x TBV

Adjust Assumptions

16.1%
7.1%

Key Value Driver

ROTCE (16.1%) vs. cost of equity (7.1%)

Implied Market Multiple 1.83x

Plain-Language Summary

With ROTCE of 16.1% vs. 7.1% cost of equity, fair P/TBV is 3.91x on $29.80 tangible book, implying $116.49 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly