Westamerica Bancorp SVP Sells $689,000 in Stock (WABC)
Westamerica Bancorp (NASDAQ:WABC) SVP David Robinson unloaded 13,000 shares of Westamerica Bancorp stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $53.00, for a total transaction of $689,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WABC shares. 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, October 21st. 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Westamerica Bancorp has a consensus rating of “Hold” and a consensus price target of $46.20.
Shares of Westamerica Bancorp (NASDAQ:WABC) traded down 0.21% during mid-day trading on Monday, hitting $53.18. 135,326 shares of the company’s stock traded hands. Westamerica Bancorp has a 52-week low of $40.50 and a 52-week 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 $1.418 billion and a price-to-earnings ratio of 20.50.
Westamerica Bancorp (NASDAQ:WABC) last issued its quarterly earnings data 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Westamerica Bancorp’s previous quarterly dividend of $0.37.
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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