Westamerica Bancorp (WABC) Announces Quarterly Dividend of $0.38
Westamerica Bancorp (NASDAQ:WABC) declared a quarterly dividend on Thursday, April 24th, AnalystRatings.NET reports. Investors of record on Monday, May 5th will be given a dividend of 0.38 per share on Friday, May 16th. This represents a $1.52 dividend on an annualized basis and a yield of 2.92%.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Westamerica Bancorp in a research note on Tuesday, March 25th. They now have a $57.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Westamerica Bancorp has a consensus rating of “Hold” and an average target price of $53.50.
Westamerica Bancorp (NASDAQ:WABC) remained flat at $52.00 during during mid-day trading trading on Thursday. The stock had a trading volume of 94,438 shares. Westamerica Bancorp has a 1-year low of $41.76 and a 1-year high of $57.59. The stock has a 50-day moving average of $52.80 and a 200-day moving average of $52.7. The company has a market cap of $1.367 billion and a price-to-earnings ratio of 21.31.
Westamerica Bancorp (NASDAQ:WABC) last released its earnings data on Tuesday, April 15th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.58. During the same quarter in the prior year, the company posted $0.64 earnings per share. Analysts expect that Westamerica Bancorp will post $2.37 EPS for the current fiscal year.
In other Westamerica Bancorp news, SVP David Robinson unloaded 1,480 shares of the company’s stock on the open market in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $51.79, for a total value of $76,649.20. The transaction 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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