News coverage about Westamerica Bancorporation (NASDAQ:WABC) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westamerica Bancorporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.3226763124778 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, BidaskClub downgraded Westamerica Bancorporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

Westamerica Bancorporation (NASDAQ WABC) traded up $0.49 during mid-day trading on Wednesday, reaching $58.45. The company’s stock had a trading volume of 78,000 shares, compared to its average volume of 106,064. Westamerica Bancorporation has a 52 week low of $49.38 and a 52 week high of $65.34. The company has a market capitalization of $1,526.99, a P/E ratio of 25.20 and a beta of 1.06.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Westamerica Bancorporation had a return on equity of 10.28% and a net margin of 33.38%. The company had revenue of $45.22 million for the quarter.

Westamerica Bancorporation declared that its board has authorized a share repurchase plan on Thursday, July 27th that permits the company to repurchase 1,750,000 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a $0.40 dividend. This is an increase from Westamerica Bancorporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. Westamerica Bancorporation’s dividend payout ratio is currently 69.57%.

In other Westamerica Bancorporation news, VP James J. Schneck sold 6,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $58.86, for a total value of $353,160.00. Following the transaction, the vice president now owns 6,025 shares of the company’s stock, valued at $354,631.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dennis R. Hansen sold 18,400 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $59.34, for a total value of $1,091,856.00. Following the completion of the transaction, the senior vice president now directly 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 three months, insiders sold 56,868 shares of company stock worth $3,340,734. 4.90% of the stock is owned by corporate insiders.

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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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