Westamerica Bancorporation (NASDAQ:WABC) Announces Quarterly Earnings Results

Westamerica Bancorporation (NASDAQ:WABC) posted its quarterly earnings data on Thursday. The financial services provider reported $1.19 EPS for the quarter, meeting the consensus estimate 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

Shares of NASDAQ:WABC traded down $0.80 during trading on Thursday, reaching $51.11. 16,501 shares of the company traded hands, compared to its average volume of 99,176. The company’s 50 day moving average is $54.67 and its two-hundred day moving average is $52.10. The firm has a market capitalization of $1.36 billion, a PE ratio of 9.31 and a beta of 0.58. Westamerica Bancorporation has a 52 week low of $43.82 and a 52 week high of $59.97. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.15.

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid 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 3.44%. Westamerica Bancorporation’s dividend payout ratio is currently 32.06%.

Analyst Upgrades and Downgrades

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

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.