BidaskClub upgraded shares of Westamerica Bancorporation (NASDAQ:WABC) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Separately, Maxim Group reissued a hold rating on shares of Westamerica Bancorporation in a research report on Monday, April 22nd.

Shares of NASDAQ:WABC opened at $60.55 on Tuesday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 21.97 and a beta of 0.99. Westamerica Bancorporation has a 1 year low of $52.05 and a 1 year high of $65.39. The business’s 50 day moving average is $61.10.

Westamerica Bancorporation (NASDAQ:WABC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $50.57 million for the quarter. Westamerica Bancorporation had a return on equity of 12.03% and a net margin of 37.12%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.79%.

In other Westamerica Bancorporation news, SVP George S. Ensinger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $64.01, for a total value of $64,010.00. Following the sale, the senior vice president now owns 2,482 shares of the company’s stock, valued at approximately $158,872.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Westamerica Bancorporation in the 1st quarter valued at $136,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Westamerica Bancorporation in the 1st quarter valued at $223,000. Everence Capital Management Inc. acquired a new stake in shares of Westamerica Bancorporation in the 1st quarter valued at $248,000. Hanson McClain Inc. boosted its holdings in shares of Westamerica Bancorporation by 8.8% in the 1st quarter. Hanson McClain Inc. now owns 4,223 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 343 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new stake in shares of Westamerica Bancorporation in the 1st quarter valued at $311,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

About Westamerica Bancorporation

Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

Featured Story: Understanding Stock Ratings

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.