Westamerica Bancorporation (NASDAQ:WABC) Releases Quarterly Earnings Results, Meets Estimates

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings results on Thursday. The financial services provider reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74, Briefing.com reports. Westamerica Bancorporation had a net margin of 37.72% and a return on equity of 10.50%.

WABC opened at $55.62 on Friday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 19.38 and a beta of 0.67. Westamerica Bancorporation has a fifty-two week low of $46.94 and a fifty-two week high of $69.08. The company’s 50-day moving average price is $56.75 and its 200 day moving average price is $58.19.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub downgraded Westamerica Bancorporation from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Piper Sandler upped their price target on shares of Westamerica Bancorporation from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Westamerica Bancorporation currently has a consensus rating of “Hold” and a consensus target price of $62.25.

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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