Westamerica Bancorp (NASDAQ:WABC) is set to post its quarterly earnings results on Thursday, October 20th. Analysts expect Westamerica Bancorp to post earnings of $0.56 per share for the quarter.

Westamerica Bancorp (NASDAQ:WABC) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. Westamerica Bancorp had a net margin of 31.93% and a return on equity of 10.76%. During the same quarter last year, the business posted $0.58 EPS. On average, analysts expect Westamerica Bancorp to post $2.24 EPS for the current fiscal year and $2.28 EPS for the next fiscal year.

Earnings History for Westamerica Bancorp (NASDAQ:WABC)

Westamerica Bancorp (NASDAQ:WABC) opened at 48.20 on Wednesday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 21.14 and a beta of 1.03. The firm’s 50-day moving average is $49.82 and its 200-day moving average is $48.70. Westamerica Bancorp has a 52 week low of $40.52 and a 52 week high of $52.18.

A number of hedge funds and other institutional investors have recently modified their holdings of WABC. BlackRock Fund Advisors increased its position in shares of Westamerica Bancorp by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,658 shares of the financial services provider’s stock worth $80,425,000 after buying an additional 53,926 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Westamerica Bancorp by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 682,436 shares of the financial services provider’s stock worth $33,617,000 after buying an additional 7,270 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Westamerica Bancorp during the second quarter worth about $304,000. Guggenheim Capital LLC purchased a new position in shares of Westamerica Bancorp during the second quarter worth about $289,000. Finally, BlackRock Inc. increased its position in shares of Westamerica Bancorp by 316.0% in the second quarter. BlackRock Inc. now owns 7,592 shares of the financial services provider’s stock worth $374,000 after buying an additional 5,767 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

WABC has been the subject of several recent research reports. TheStreet lowered shares of Westamerica Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research raised shares of Westamerica Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods lowered shares of Westamerica Bancorp from a “market perform” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.33.

About Westamerica Bancorp

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.

5 Day Chart for NASDAQ:WABC

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