Westamerica Bancorporation (WABC) to Distribute Quarterly Dividend of $0.48 on November 13th

Westamerica Bancorporation (NASDAQ:WABC) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.48 per share by the financial services provider on Friday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, November 2nd.

Westamerica Bancorporation has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings.

Westamerica Bancorporation Stock Down 1.1%

Shares of NASDAQ WABC opened at $60.73 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.18. Westamerica Bancorporation has a 12 month low of $46.23 and a 12 month high of $63.61. The firm has a market capitalization of $1.40 billion, a PE ratio of 13.09 and a beta of 0.56. The firm has a fifty day simple moving average of $59.52 and a two-hundred day simple moving average of $56.00.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Westamerica Bancorporation had a net margin of 41.63% and a return on equity of 12.80%. The firm had revenue of $64.05 million during the quarter, compared to analysts’ expectations of $63.10 million. During the same period last year, the company posted $1.12 EPS.

Westamerica Bancorporation Company Profile

Westamerica Bancorporation is a bank holding company headquartered in San Rafael, California. Through its principal subsidiary, Westamerica Bank, the company provides community banking services to individuals, businesses and public-sector customers.

Westamerica Bank offers deposit accounts, commercial and consumer lending, residential and commercial real estate loans, construction financing, cash-management services and electronic banking solutions. Its lending and deposit activities are primarily focused on small and midsized businesses, professionals, nonprofit organizations and retail customers.

The company serves communities throughout Northern and Central California through a network of banking offices and digital channels.