Westamerica Bancorporation (WABC) to Release Earnings on Thursday

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) is scheduled to announce its earnings results on Thursday, April 18th.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its earnings results on Thursday, January 18th. The financial services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.03 million. Westamerica Bancorporation had a return on equity of 23.61% and a net margin of 49.39%. On average, analysts expect Westamerica Bancorporation to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Westamerica Bancorporation Stock Down 0.3 %

Shares of WABC traded down $0.12 during mid-day trading on Wednesday, hitting $45.50. The stock had a trading volume of 111,810 shares, compared to its average volume of 157,084. The company has a market cap of $1.21 billion, a PE ratio of 7.51 and a beta of 0.56. The company's fifty day simple moving average is $46.82 and its two-hundred day simple moving average is $48.98. Westamerica Bancorporation has a fifty-two week low of $35.52 and a fifty-two week high of $57.96.

Westamerica Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were given a $0.44 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.76 annualized dividend and a dividend yield of 3.87%. Westamerica Bancorporation's payout ratio is 29.04%.

Insider Buying and Selling at Westamerica Bancorporation

In other Westamerica Bancorporation news, CEO David L. Payne sold 8,728 shares of Westamerica Bancorporation stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.95, for a total transaction of $444,691.60. Following the sale, the chief executive officer now owns 333,689 shares of the company's stock, valued at approximately $17,001,454.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Westamerica Bancorporation news, CEO David L. Payne sold 8,728 shares of Westamerica Bancorporation stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.95, for a total transaction of $444,691.60. Following the sale, the chief executive officer now owns 333,689 shares of the company's stock, valued at approximately $17,001,454.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David L. Payne sold 10,000 shares of Westamerica Bancorporation stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.51, for a total value of $495,100.00. Following the sale, the chief executive officer now directly owns 268,689 shares in the company, valued at approximately $13,302,792.39. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $2,213,458 in the last quarter. Corporate insiders own 5.50% of the company's stock.

Institutional Trading of Westamerica Bancorporation

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Westamerica Bancorporation by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,765 shares of the financial services provider's stock worth $3,033,000 after buying an additional 480 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Westamerica Bancorporation in the 4th quarter worth $654,000. Barclays PLC raised its stake in shares of Westamerica Bancorporation by 39.6% in the 4th quarter. Barclays PLC now owns 55,863 shares of the financial services provider's stock worth $3,151,000 after buying an additional 15,858 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Westamerica Bancorporation by 67.9% in the 4th quarter. Public Sector Pension Investment Board now owns 55,302 shares of the financial services provider's stock worth $3,120,000 after buying an additional 22,364 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Westamerica Bancorporation by 27.7% in the 4th quarter. Royal Bank of Canada now owns 20,888 shares of the financial services provider's stock worth $1,178,000 after buying an additional 4,533 shares in the last quarter. Institutional investors own 81.89% of the company's stock.

Wall Street Analysts Forecast Growth

WABC has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on Westamerica Bancorporation from $60.00 to $58.00 and set a "market perform" rating on the stock in a report on Friday, January 19th. Piper Sandler cut their price target on Westamerica Bancorporation from $56.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, January 19th. Finally, StockNews.com downgraded Westamerica Bancorporation from a "hold" rating to a "sell" rating in a report on Tuesday.

About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit.