Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $1.19 EPS for the quarter, meeting analysts' consensus estimates of $1.19, RTT News reports. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. During the same period last year, the business earned $1.48 earnings per share.
Westamerica Bancorporation Price Performance
Shares of WABC traded up $1.05 during trading hours on Friday, hitting $52.41. The stock had a trading volume of 139,829 shares, compared to its average volume of 115,257. Westamerica Bancorporation has a 52 week low of $43.82 and a 52 week high of $59.97. The company's fifty day moving average is $54.58 and its two-hundred 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. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.55 and a beta of 0.58.
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 given a dividend of $0.44 per share. The ex-dividend date was Monday, November 4th. This represents a $1.76 annualized dividend and a dividend yield of 3.36%. Westamerica Bancorporation's dividend payout ratio (DPR) is presently 32.06%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a report on Thursday, October 17th.
View Our Latest Analysis on WABC
Westamerica Bancorporation Company Profile
(
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.
Featured Stories
Before you consider Westamerica Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westamerica Bancorporation wasn't on the list.
While Westamerica Bancorporation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
