Westamerica Bancorp SVP Sells $112,539 in Stock (WABC)
Westamerica Bancorp (NASDAQ:WABC) SVP Jennifer Finger unloaded 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.59, for a total value of $112,539.00. Following the completion of the transaction, the senior vice president now directly owns 9,838 shares in the company, valued at approximately $527,218. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Westamerica Bancorp (NASDAQ:WABC) traded up 0.19% during mid-day trading on Friday, hitting $51.58. 96,591 shares of the company’s stock traded hands. Westamerica Bancorp has a 1-year low of $40.50 and a 1-year high of $53.75. The stock’s 50-day moving average is $50.28 and its 200-day moving average is $47.3. The company has a market cap of $1.376 billion and a price-to-earnings ratio of 19.80.
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 last 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. 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 2.95%. 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.
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 research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Westamerica Bancorp has an average rating of “Hold” and a consensus 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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