Westamerica Bancorporation (WABC) Issues Quarterly Earnings Results

Westamerica Bancorporation (NASDAQ:WABC) posted its quarterly earnings results on Thursday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.01, Zacks reports. Westamerica Bancorporation had a net margin of 28.75% and a return on equity of 11.54%. The firm had revenue of $50.83 million for the quarter.

Shares of WABC traded up $1.97 during trading hours on Friday, hitting $64.48. The company had a trading volume of 150,794 shares, compared to its average volume of 109,915. The firm has a market capitalization of $1.65 billion, a PE ratio of 24.25 and a beta of 1.03. Westamerica Bancorporation has a 12 month low of $52.05 and a 12 month high of $65.39.

WABC has been the topic of several research analyst reports. BidaskClub lowered shares of Westamerica Bancorporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. BMO Capital Markets raised shares of Westamerica Bancorporation from an “underperform” rating to a “market perform” rating and set a $55.83 price objective on the stock in a research report on Tuesday, December 18th.

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About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit to local businesses and professionals.

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Earnings History for Westamerica Bancorporation (NASDAQ:WABC)

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