Westamerica Bancorporation (WABC) Projected to Post Earnings on Thursday

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results 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 issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.07. The business had revenue of $66.71 million during the quarter, compared to the consensus estimate of $66.47 million. Westamerica Bancorporation had a return on equity of 14.95% and a net margin of 44.10%. 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 Price Performance

Shares of WABC stock traded down $0.61 on Friday, hitting $51.12. 93,181 shares of the stock traded hands, compared to its average volume of 137,878. The company's fifty day moving average is $48.91 and its 200 day moving average is $49.56. Westamerica Bancorporation has a 1-year low of $42.00 and a 1-year high of $59.97. The company has a market capitalization of $1.34 billion, a PE ratio of 10.24 and a beta of 0.64.

Westamerica Bancorporation Increases Dividend

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

Analyst Upgrades and Downgrades

WABC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of Westamerica Bancorporation from $58.00 to $55.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Piper Sandler lowered their target price on Westamerica Bancorporation from $54.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st.

Insiders Place Their Bets

In other news, SVP Robert James Baker, Jr. sold 710 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $48.16, for a total transaction of $34,193.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John A. Thorson sold 2,243 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $48.57, for a total transaction of $108,942.51. Following the completion of the sale, the senior vice president directly owned 11,591 shares in the company, 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. Company insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Westamerica Bancorporation

Large investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Westamerica Bancorporation by 815.8% in the 1st quarter. Jane Street Group LLC now owns 67,469 shares of the financial services provider's stock worth $3,416,000 after buying an additional 60,102 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 acquiring an additional 5,293 shares during the period. Royal Bank of Canada grew its stake in shares of Westamerica Bancorporation by 6.8% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Westamerica Bancorporation by 4.4% during the first 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 during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of Westamerica Bancorporation during the first quarter valued at about $99,000. Institutional investors and hedge funds own 81.89% of the company's stock.

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.