Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Monday, November 4th will be paid a dividend of 0.44 per share by the financial services provider on Friday, November 15th. This represents a $1.76 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, November 4th.
Westamerica Bancorporation has increased its dividend payment by an average of 1.6% per year over the last three years and has raised its dividend every year for the last 32 years. Westamerica Bancorporation has a dividend payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Westamerica Bancorporation to earn $4.40 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 40.0%.
Westamerica Bancorporation Price Performance
NASDAQ:WABC traded down $0.82 during midday trading on Friday, hitting $51.08. The company had a trading volume of 81,335 shares, compared to its average volume of 130,944. Westamerica Bancorporation has a 52-week low of $43.82 and a 52-week high of $58.49. The stock's fifty day moving average price is $50.04 and its 200-day moving average price is $49.44. The company has a market capitalization of $1.36 billion, a PE ratio of 8.63 and a beta of 0.55. The company has a quick ratio of 0.25, a current ratio of 0.26 and a debt-to-equity ratio of 0.15.
Analyst Upgrades and Downgrades
Several research firms have weighed in on WABC. StockNews.com raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Piper Sandler boosted their price target on shares of Westamerica Bancorporation from $50.00 to $57.00 and gave the stock a "neutral" rating in a research note on Friday, July 19th. Finally, Maxim Group downgraded shares of Westamerica Bancorporation from a "buy" rating to a "hold" rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $57.00.
Check Out Our Latest Research Report on WABC
About Westamerica Bancorporation
(
Get Free Report)
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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