Washington Banking Co. Announces Quarterly Dividend of $0.15 (WBCO)
Washington Banking (NASDAQ:WBCO) declared a quarterly dividend on Wednesday, October 23rd, American Banking & Market News reports. Stockholders of record on Monday, November 4th will be given a dividend of $0.145 per share on Tuesday, November 19th. This represents a $0.58 dividend on an annualized basis and a yield of 4.07%.
A number of research firms have recently commented on WBCO. Analysts at Zacks upgraded shares of Washington Banking from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $14.70 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Washington Banking from $16.00 to $17.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Shares of Washington Banking (NASDAQ:WBCO) traded down 0.21% on Wednesday, hitting $14.25. 39,281 shares of the company’s stock traded hands. Washington Banking has a 52 week low of $12.52 and a 52 week high of $15.65. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $14.04. The company has a market cap of $221.3 million and a price-to-earnings ratio of 13.22.
Washington Banking (NASDAQ:WBCO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. On average, analysts predict that Washington Banking will post $1.03 earnings per share for the current fiscal year.
Washington Banking Company is a bank holding company. The Company’s primary business is conducted by its wholly owned subsidiary, Whidbey Island Bank (NASDAQ:WBCO).
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