Westamerica Bancorp Announces Quarterly Dividend of $0.38 (WABC)
Westamerica Bancorp (NASDAQ:WABC) announced a quarterly dividend on Thursday, October 24th, Stock Ratings Network reports. Investors of record on Monday, November 4th will be paid a dividend of $0.38 per share on Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 2.87%.
WABC has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Westamerica Bancorp from $47.50 to $50.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Analysts at Zacks upgraded shares of Westamerica Bancorp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $51.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.20.
Westamerica Bancorp (NASDAQ:WABC) remained flat at $52.90 during during mid-day trading trading on Thursday. 102,841 shares of the company’s stock traded hands. Westamerica Bancorp has a one year low of $40.50 and a one year high of $50.78. The stock’s 50-day moving average is $48.40 and its 200-day moving average is $45.99. The company has a market cap of $1.411 billion and a price-to-earnings ratio of 20.35.
Westamerica Bancorp (NASDAQ:WABC) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.63. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, analysts predict that Westamerica Bancorp will post $2.53 earnings per share for the current fiscal year.
In other Westamerica Bancorp news, SVP Dennis R. Hansen sold 8,790 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $52.47, for a total transaction of $461,211.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Westamerica Bancorporation is a bank holding company. The Company provides a range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank (NASDAQ:WABC).
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