Westamerica Bancorporation (NASDAQ:WABC) SVP Sells $12,836.48 in Stock

Westamerica Bancorporation (NASDAQ:WABCGet Free Report) SVP Robert James Baker, Jr. sold 248 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $51.76, for a total value of $12,836.48. Following the completion of the transaction, the senior vice president now directly owns 1,270 shares in the company, valued at $65,735.20. This trade represents a 16.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Westamerica Bancorporation Price Performance

Shares of NASDAQ WABC opened at $51.76 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97. The business has a 50 day moving average price of $53.48 and a two-hundred day moving average price of $52.22. The firm has a market cap of $1.38 billion, a PE ratio of 9.95 and a beta of 0.58.

Westamerica Bancorporation (NASDAQ:WABCGet Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same quarter in the prior year, the company earned $1.48 earnings per share. Sell-side analysts expect that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Monday, February 3rd. Westamerica Bancorporation’s dividend payout ratio is currently 33.85%.

Institutional Investors Weigh In On Westamerica Bancorporation

A number of institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Westamerica Bancorporation in the fourth quarter worth about $65,000. KBC Group NV grew its position in shares of Westamerica Bancorporation by 71.4% in the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 822 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 268 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Westamerica Bancorporation in the 3rd quarter valued at approximately $238,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Westamerica Bancorporation during the 4th quarter valued at approximately $245,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, October 17th.

View Our Latest Stock Analysis on Westamerica Bancorporation

About Westamerica Bancorporation

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Westamerica Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westamerica Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.