Westamerica Bancorporation (WABC) to Distribute Quarterly Dividend of $0.48 on August 14th

Westamerica Bancorporation (NASDAQ:WABC) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be given a dividend of 0.48 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 3rd.

Westamerica Bancorporation has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 34 consecutive years. Westamerica Bancorporation has a dividend payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings.

Westamerica Bancorporation Price Performance

Shares of NASDAQ:WABC opened at $60.49 on Friday. Westamerica Bancorporation has a one year low of $44.93 and a one year high of $63.61. The stock has a fifty day moving average of $57.85 and a 200-day moving average of $53.92. The company has a market capitalization of $1.42 billion, a PE ratio of 13.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.22 and a current ratio of 0.20.

Westamerica Bancorporation (NASDAQ:WABC) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Westamerica Bancorporation had a return on equity of 12.31% and a net margin of 41.71%.The company had revenue of $62.77 million for the quarter, compared to analyst estimates of $61.60 million. During the same period in the previous year, the firm earned $1.12 earnings per share.

About Westamerica Bancorporation

Westamerica Bancorporation (NASDAQ: WABC) is a California-based bank holding company that provides a comprehensive suite of commercial banking, trust and wealth management services. Through its primary subsidiary, Westamerica Bank, the company offers deposit products, lending solutions and treasury management to a diverse clientele that includes small and mid-sized businesses, professionals, non-profit organizations and individuals.

The company’s lending portfolio encompasses commercial real estate financing, agricultural loans, equipment financing and lines of credit designed to support working capital needs.