Westamerica Bancorporation (NASDAQ:WABC) Director Edward B. Sylvester Sells 5,000 Shares

Westamerica Bancorporation (NASDAQ:WABC) Director Edward B. Sylvester sold 5,000 shares of Westamerica Bancorporation stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $60.93, for a total transaction of $304,650.00. Following the sale, the director now owns 67,490 shares of the company’s stock, valued at $4,112,165.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Westamerica Bancorporation (WABC) opened at $58.57 on Thursday. Westamerica Bancorporation has a 1-year low of $49.38 and a 1-year high of $64.26. The stock has a market cap of $1,506.49, a PE ratio of 30.17 and a beta of 1.01.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. Westamerica Bancorporation had a net margin of 26.26% and a return on equity of 10.30%. The firm had revenue of $54.03 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.73%. Westamerica Bancorporation’s payout ratio is currently 84.21%.

WABC has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 target price on shares of Westamerica Bancorporation in a research note on Friday, December 22nd. BidaskClub cut shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Maxim Group restated a “hold” rating on shares of Westamerica Bancorporation in a research report on Friday, January 19th. BMO Capital Markets restated a “sell” rating and set a $50.00 price objective on shares of Westamerica Bancorporation in a research report on Wednesday, January 24th. Finally, Sandler O’Neill restated a “sell” rating and set a $54.00 price objective on shares of Westamerica Bancorporation in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Westamerica Bancorporation has a consensus rating of “Hold” and a consensus target price of $54.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of WABC. Schwab Charles Investment Management Inc. lifted its position in Westamerica Bancorporation by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 165,570 shares of the financial services provider’s stock valued at $9,279,000 after buying an additional 8,875 shares during the last quarter. Swiss National Bank lifted its position in Westamerica Bancorporation by 3.5% in the second quarter. Swiss National Bank now owns 43,800 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 1,500 shares during the last quarter. Wells Fargo & Company MN lifted its position in Westamerica Bancorporation by 16.6% in the second quarter. Wells Fargo & Company MN now owns 58,815 shares of the financial services provider’s stock valued at $3,296,000 after buying an additional 8,379 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Westamerica Bancorporation by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 82,750 shares of the financial services provider’s stock valued at $4,637,000 after buying an additional 1,634 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Westamerica Bancorporation by 0.7% in the second quarter. BlackRock Inc. now owns 3,213,258 shares of the financial services provider’s stock valued at $180,071,000 after buying an additional 20,775 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Westamerica Bancorporation (NASDAQ:WABC)

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