Westamerica Bancorporation (WABC) Expected to Announce Quarterly Earnings on Thursday

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $65.80 million for the quarter.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. Westamerica Bancorporation had a net margin of 44.10% and a return on equity of 14.95%. The firm had revenue of $66.71 million during the quarter, compared to the consensus estimate of $66.47 million. On average, analysts expect Westamerica Bancorporation to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Westamerica Bancorporation Stock Performance

NASDAQ WABC opened at $51.30 on Thursday. Westamerica Bancorporation has a 52-week low of $42.00 and a 52-week high of $59.97. The company has a market capitalization of $1.34 billion, a P/E ratio of 10.28 and a beta of 0.64. The company has a fifty day moving average of $48.82 and a 200-day moving average of $49.57.

Westamerica Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $0.46 per share. This is an increase from Westamerica Bancorporation's previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Monday, May 5th. Westamerica Bancorporation's payout ratio is currently 36.87%.

Insiders Place Their Bets

In related news, SVP John A. Thorson sold 2,243 shares of Westamerica Bancorporation stock in a transaction on Monday, April 28th. The shares were sold at an average price of $48.57, for a total value of $108,942.51. Following the transaction, the senior vice president owned 11,591 shares in the company, valued at $562,974.87. This trade represents a 16.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert James Baker, Jr. sold 710 shares of Westamerica Bancorporation stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $48.16, for a total transaction of $34,193.60. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Westamerica Bancorporation

A number of large investors have recently added to or reduced their stakes in WABC. Jane Street Group LLC boosted its stake in shares of Westamerica Bancorporation by 815.8% during the 1st quarter. Jane Street Group LLC now owns 67,469 shares of the financial services provider's stock worth $3,416,000 after purchasing an additional 60,102 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Westamerica Bancorporation by 9.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 64,051 shares of the financial services provider's stock worth $3,243,000 after purchasing an additional 5,293 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Westamerica Bancorporation during the 1st quarter worth about $99,000. Strs Ohio purchased a new position in shares of Westamerica Bancorporation during the 1st quarter worth about $96,000. Finally, Royal Bank of Canada boosted its stake in shares of Westamerica Bancorporation by 6.8% during the 1st quarter. Royal Bank of Canada now owns 18,531 shares of the financial services provider's stock worth $938,000 after purchasing an additional 1,183 shares during the period. Hedge funds and other institutional investors own 81.89% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WABC shares. Wall Street Zen raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods dropped their price objective on shares of Westamerica Bancorporation from $58.00 to $55.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Piper Sandler dropped their price objective on shares of Westamerica Bancorporation from $54.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st.

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.

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