Westamerica Bancorporation (NASDAQ:WABC) Announces Quarterly Earnings Results

Westamerica Bancorporation (NASDAQ:WABC) posted its quarterly earnings data on Thursday. The financial services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.07, Zacks reports. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%.

Westamerica Bancorporation Trading Up 0.7 %

Shares of WABC traded up $0.33 during mid-day trading on Thursday, reaching $45.92. The company’s stock had a trading volume of 95,351 shares, compared to its average volume of 128,201. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.23 billion, a PE ratio of 8.83 and a beta of 0.63. The company’s fifty day moving average price is $49.26 and its two-hundred day moving average price is $51.64. Westamerica Bancorporation has a 52 week low of $42.00 and a 52 week high of $59.97.

Westamerica Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.83%. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 33.85%.

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.