Westamerica Bancorporation (WABC) Receives Daily Media Impact Rating of 0.12

News coverage about Westamerica Bancorporation (NASDAQ:WABC) has trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westamerica Bancorporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.3373545700443 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Westamerica Bancorporation (NASDAQ WABC) opened at $55.84 on Friday. The firm has a market cap of $1,455.86, a PE ratio of 24.03 and a beta of 1.06. Westamerica Bancorporation has a fifty-two week low of $49.38 and a fifty-two week high of $65.34.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, November 3rd. This is a boost from Westamerica Bancorporation’s previous quarterly dividend of $0.39. Westamerica Bancorporation’s dividend payout ratio is 69.57%.

Westamerica Bancorporation announced that its Board of Directors has authorized a share buyback program on Thursday, July 27th that allows the company to repurchase 1,750,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Separately, BidaskClub upgraded shares of Westamerica Bancorporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.

ILLEGAL ACTIVITY NOTICE: This news story was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://sportsperspectives.com/2017/11/17/westamerica-bancorporation-wabc-receives-daily-media-impact-rating-of-0-12.html.

In other Westamerica Bancorporation news, VP James J. Schneck sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.86, for a total value of $353,160.00. Following the sale, the vice president now owns 6,025 shares in the company, valued at $354,631.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Dennis R. Hansen sold 18,400 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $59.34, for a total transaction of $1,091,856.00. Following the completion of the sale, the senior vice president now owns 19,421 shares in the company, valued at approximately $1,152,442.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,868 shares of company stock worth $3,340,734. Corporate insiders own 4.90% of the company’s stock.

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.

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

Receive News & Ratings for Westamerica Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westamerica Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply