Westamerica Bancorporation (NASDAQ:WABC) Posts Earnings Results, Meets Estimates

Westamerica Bancorporation (NASDAQ:WABC) issued its earnings results on Thursday. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, meeting 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%.

Westamerica Bancorporation Price Performance

NASDAQ:WABC traded down $0.63 during trading hours on Thursday, reaching $51.28. 13,907 shares of the company traded hands, compared to its average volume of 99,112. Westamerica Bancorporation has a 1-year low of $43.82 and a 1-year high of $59.97. The stock has a market cap of $1.37 billion, a P/E ratio of 9.34 and a beta of 0.58. The firm’s 50-day moving average is $54.67 and its 200-day moving average is $52.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26.

Westamerica Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation’s payout ratio is currently 32.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a 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.