Westamerica Bancorporation (WABC) Set to Announce Quarterly Earnings on Wednesday
Westamerica Bancorporation (NASDAQ:WABC) is scheduled to be announcing its earnings results on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.58 EPS for the quarter. Westamerica Bancorporation had a return on equity of 10.30% and a net margin of 26.26%. The business had revenue of $54.03 million during the quarter.
Westamerica Bancorporation stock opened at $57.87 on Tuesday. Westamerica Bancorporation has a 52 week low of $49.38 and a 52 week high of $64.26. The stock has a market cap of $1,536.26, a P/E ratio of 24.92 and a beta of 0.97.
Several equities analysts recently commented on WABC shares. BidaskClub cut Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. BMO Capital Markets restated a “sell” rating and set a $50.00 target price on shares of Westamerica Bancorporation in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $60.00 target price on shares of Westamerica Bancorporation in a research report on Tuesday, February 27th. Sandler O’Neill restated a “sell” rating and set a $54.00 target price on shares of Westamerica Bancorporation in a research report on Thursday, January 4th. Finally, Maxim Group restated a “hold” rating on shares of Westamerica Bancorporation in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Westamerica Bancorporation has a consensus rating of “Hold” and an average price target of $54.67.
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About Westamerica Bancorporation
Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit to local businesses and professionals.
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