Westamerica Bancorporation (WABC) Expected to Announce Quarterly Earnings on Thursday

Westamerica Bancorporation (NASDAQ:WABC) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $65.80 million for the quarter.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The firm had revenue of $66.71 million for the quarter, compared to analyst estimates of $66.47 million. Westamerica Bancorporation had a return on equity of 14.95% and a net margin of 44.10%. On average, analysts expect Westamerica Bancorporation to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Westamerica Bancorporation Stock Performance

Shares of WABC stock opened at $50.31 on Wednesday. The stock’s 50-day moving average is $49.00 and its two-hundred day moving average is $49.51. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.08 and a beta of 0.64. Westamerica Bancorporation has a 1 year low of $42.00 and a 1 year high of $59.97.

Westamerica Bancorporation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a dividend of $0.46 per share. This is a positive change from Westamerica Bancorporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.84 annualized dividend and a dividend yield of 3.66%. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 36.87%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WABC. Wall Street Zen raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Keefe, Bruyette & Woods dropped their price objective on Westamerica Bancorporation from $58.00 to $55.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler dropped their price objective on Westamerica Bancorporation from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 21st.

Insider Transactions at Westamerica Bancorporation

In related news, SVP John A. Thorson sold 2,243 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $48.57, for a total transaction of $108,942.51. Following the transaction, the senior vice president owned 11,591 shares of the company’s stock, valued at $562,974.87. This trade represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert James Baker, Jr. sold 710 shares of the firm’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $48.16, for a total value of $34,193.60. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Westamerica Bancorporation

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in shares of Westamerica Bancorporation by 815.8% during the first quarter. Jane Street Group LLC now owns 67,469 shares of the financial services provider’s stock worth $3,416,000 after buying an additional 60,102 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Westamerica Bancorporation by 9.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 64,051 shares of the financial services provider’s stock valued at $3,243,000 after purchasing an additional 5,293 shares during the period. Royal Bank of Canada lifted its position in Westamerica Bancorporation by 6.8% in the first quarter. Royal Bank of Canada now owns 18,531 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 1,183 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Westamerica Bancorporation by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,261 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 642 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Westamerica Bancorporation in the first quarter valued at about $99,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Company Profile

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.