Westamerica Bancorp CFO John Thorson Sells 22,204 Shares (WABC)
Westamerica Bancorp (NASDAQ:WABC) CFO John Thorson unloaded 22,204 shares of Westamerica Bancorp stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $53.05, for a total value of $1,177,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Westamerica Bancorp (NASDAQ:WABC) traded up 1.00% on Tuesday, hitting $53.71. The stock had a trading volume of 126,973 shares. Westamerica Bancorp has a 1-year low of $40.50 and a 1-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 $1.432 billion and a P/E ratio of 20.45.
Westamerica Bancorp (NASDAQ:WABC) last announced its earnings results on Wednesday, October 16th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. During the same quarter in the previous year, the company posted $0.73 earnings per share. Analysts expect that Westamerica Bancorp will post $2.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders 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 2.83%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Westamerica Bancorp’s previous quarterly dividend of $0.37.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.20.
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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