Westamerica Bancorporation (WABC) Scheduled to Post Quarterly Earnings on Wednesday

Westamerica Bancorporation (NASDAQ:WABC) is scheduled to be announcing its earnings results on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Westamerica Bancorporation had a return on equity of 10.28% and a net margin of 33.38%. The business had revenue of $45.22 million for the quarter.

Westamerica Bancorporation (NASDAQ WABC) opened at $58.56 on Wednesday. Westamerica Bancorporation has a 1 year low of $49.38 and a 1 year high of $64.26. The firm has a market capitalization of $1,541.22, a price-to-earnings ratio of 25.46 and a beta of 1.07.

In other news, VP James J. Schneck sold 6,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $58.86, for a total transaction of $353,160.00. Following the transaction, the vice president now 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 can be accessed through this link. Also, SVP Dennis R. Hansen sold 20,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $58.13, for a total value of $1,162,600.00. Following the transaction, the senior vice president now directly owns 19,721 shares in the company, valued at approximately $1,146,381.73. The disclosure for this sale can be found here. Insiders have sold a total of 56,868 shares of company stock worth $3,340,734 in the last ninety days. Insiders own 4.90% of the company’s stock.

WABC has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price objective on shares of Westamerica Bancorporation in a research report on Friday, December 22nd. BidaskClub cut Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Sandler O’Neill reissued a “sell” rating and issued a $54.00 price objective on shares of Westamerica Bancorporation in a research report on Thursday, January 4th.

ILLEGAL ACTIVITY WARNING: “Westamerica Bancorporation (WABC) Scheduled to Post Quarterly Earnings on Wednesday” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.com-unik.info/2018/01/10/westamerica-bancorporation-wabc-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Westamerica Bancorporation

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.

Earnings History for Westamerica Bancorporation (NASDAQ:WABC)

What are top analysts saying about Westamerica Bancorporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Westamerica Bancorporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit