Westamerica Bancorporation (NASDAQ:WABC) Plans Quarterly Dividend of $0.48

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.48 per share by the financial services provider on Friday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 2nd.

Westamerica Bancorporation has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings.

Westamerica Bancorporation Stock Performance

Westamerica Bancorporation stock opened at $61.92 on Friday. The company has a 50 day moving average price of $59.25 and a 200-day moving average price of $57.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.20 and a current ratio of 0.20. Westamerica Bancorporation has a fifty-two week low of $46.23 and a fifty-two week high of $63.61. The company has a market capitalization of $1.43 billion, a PE ratio of 13.34 and a beta of 0.56.

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Westamerica Bancorporation had a return on equity of 12.80% and a net margin of 41.63%. The firm had revenue of $64.05 million during the quarter, compared to analyst estimates of $63.10 million. During the same quarter in the previous year, the business earned $1.12 earnings per share.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings upgraded Westamerica Bancorporation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods upped their target price on Westamerica Bancorporation from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, October 16th. Finally, Wall Street Zen raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Westamerica Bancorporation has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Get Our Latest Stock Report on Westamerica Bancorporation

Westamerica Bancorporation Company Profile

(Get Free Report)

Westamerica Bancorporation is a bank holding company headquartered in San Rafael, California. Through its principal subsidiary, Westamerica Bank, the company provides community banking services to individuals, businesses and public-sector customers.

Westamerica Bank offers deposit accounts, commercial and consumer lending, residential and commercial real estate loans, construction financing, cash-management services and electronic banking solutions. Its lending and deposit activities are primarily focused on small and midsized businesses, professionals, nonprofit organizations and retail customers.

The company serves communities throughout Northern and Central California through a network of banking offices and digital channels.

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Dividend History for Westamerica Bancorporation (NASDAQ:WABC)

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