Westamerica Bancorporation (WABC) to Release Quarterly Earnings on Thursday

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

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. The business had revenue of $66.71 million during the quarter, compared to analyst estimates of $66.47 million. Westamerica Bancorporation had a net margin of 44.10% and a return on equity of 14.95%. 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

Shares of Westamerica Bancorporation stock traded down $0.61 during trading on Friday, hitting $51.12. 93,181 shares of the stock were exchanged, compared to its average volume of 137,992. The stock's fifty day moving average is $48.91 and its 200 day moving average is $49.54. The stock has a market cap of $1.34 billion, a PE ratio of 10.24 and a beta of 0.64. Westamerica Bancorporation has a 12 month low of $42.00 and a 12 month high of $59.97.

Westamerica Bancorporation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.84 annualized dividend and a dividend yield of 3.60%. This is a positive change from Westamerica Bancorporation's previous quarterly dividend of $0.44. Westamerica Bancorporation's dividend payout ratio is currently 36.87%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Westamerica Bancorporation

Several large investors have recently made changes to their positions in WABC. Strs Ohio bought a new position in shares of Westamerica Bancorporation during the 1st quarter valued at about $96,000. Jones Financial Companies Lllp bought a new position in shares of Westamerica Bancorporation during the 1st quarter valued at about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Westamerica Bancorporation by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,261 shares of the financial services provider's stock valued at $773,000 after purchasing an additional 642 shares in the last quarter. Royal Bank of Canada boosted its position 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 valued at $938,000 after purchasing an additional 1,183 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 valued at $3,243,000 after purchasing an additional 5,293 shares in the last quarter. Institutional investors own 81.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Westamerica Bancorporation from $54.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Westamerica Bancorporation from $58.00 to $55.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st.

Westamerica Bancorporation Company Profile

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.