Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Westamerica Bancorporation (WABC) Share Price
News articles about Westamerica Bancorporation (NASDAQ:WABC) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westamerica Bancorporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 44.8403268160564 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Westamerica Bancorporation (NASDAQ:WABC) opened at $61.06 on Thursday. The company has a market cap of $1,660.56, a PE ratio of 27.40 and a beta of 1.07. Westamerica Bancorporation has a 1 year low of $49.38 and a 1 year high of $65.34.
Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $45.22 million during the quarter. Westamerica Bancorporation had a net margin of 33.38% and a return on equity of 10.28%.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.62%. This is a positive change from Westamerica Bancorporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, November 3rd. Westamerica Bancorporation’s dividend payout ratio is presently 69.57%.
Separately, BidaskClub lowered shares of Westamerica Bancorporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th.
In related news, VP James J. Schneck sold 6,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $58.86, for a total value of $353,160.00. Following the completion of the transaction, the vice president now directly owns 6,025 shares of the company’s stock, valued at approximately $354,631.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John A. Thorson sold 12,468 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $58.80, for a total transaction of $733,118.40. Following the completion of the transaction, the chief financial officer now directly owns 12,468 shares of the company’s stock, valued at $733,118.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,868 shares of company stock valued at $3,340,734. Insiders own 4.90% of the company’s stock.
Westamerica Bancorporation Company Profile
Westamerica Bancorporation is a bank holding company. The Company provides a range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south.
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