Westamerica Bancorporation (WABC) To Go Ex-Dividend on February 2nd

Westamerica Bancorporation (NASDAQ:WABC) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.46 per share by the financial services provider on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, February 2nd.

Westamerica Bancorporation has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Westamerica Bancorporation has a dividend payout ratio of 44.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Westamerica Bancorporation to earn $3.95 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 46.6%.

Westamerica Bancorporation Price Performance

Shares of NASDAQ:WABC opened at $49.86 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.26 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.24 billion, a PE ratio of 11.03 and a beta of 0.62. The firm’s 50 day moving average price is $48.71 and its 200-day moving average price is $48.75. Westamerica Bancorporation has a twelve month low of $42.00 and a twelve month high of $52.85.

Westamerica Bancorporation (NASDAQ:WABC) last announced its earnings results on Thursday, January 15th. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $66.05 million during the quarter, compared to analysts’ expectations of $61.90 million. Westamerica Bancorporation had a net margin of 42.75% and a return on equity of 12.52%. Equities research analysts expect that Westamerica Bancorporation will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WABC. Weiss Ratings reiterated a “hold (c)” rating on shares of Westamerica Bancorporation in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on Westamerica Bancorporation from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Wall Street Zen raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Westamerica Bancorporation presently has a consensus rating of “Hold” and a consensus price target of $52.50.

Westamerica Bancorporation Company Profile

Westamerica Bancorporation (NASDAQ: WABC) is a California-based bank holding company that provides a comprehensive suite of commercial banking, trust and wealth management services. Through its primary subsidiary, Westamerica Bank, the company offers deposit products, lending solutions and treasury management to a diverse clientele that includes small and mid-sized businesses, professionals, non-profit organizations and individuals.

The company’s lending portfolio encompasses commercial real estate financing, agricultural loans, equipment financing and lines of credit designed to support working capital needs.