Westamerica Bancorporation (NASDAQ:WABC) Issues Earnings Results

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings results on Thursday. The financial services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07, Zacks reports. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%.

Westamerica Bancorporation Stock Up 0.2 %

Shares of NASDAQ WABC traded up $0.09 during mid-day trading on Thursday, hitting $45.68. The company had a trading volume of 88,198 shares, compared to its average volume of 128,164. The business’s 50-day simple moving average is $49.26 and its 200 day simple moving average is $51.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26. The company has a market capitalization of $1.22 billion, a PE ratio of 8.78 and a beta of 0.63. Westamerica Bancorporation has a 1-year low of $42.00 and a 1-year high of $59.97.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.85%. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 33.85%.

About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit.