Westamerica Bancorporation (NASDAQ:WABC) Releases Quarterly Earnings Results, Hits Estimates

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings results on Thursday. The financial services provider reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19, RTT News reports. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. During the same quarter last year, the business earned $1.48 EPS.

Westamerica Bancorporation Trading Up 2.0 %

Shares of WABC stock opened at $52.41 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.26. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97. The company has a market cap of $1.40 billion, a PE ratio of 9.55 and a beta of 0.58. The stock’s fifty day moving average price is $54.49 and its two-hundred day moving average price is $52.13.

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.36%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation’s payout ratio is presently 32.06%.

Analyst Ratings Changes

Separately, StockNews.com raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

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.