Westamerica Bancorporation (NASDAQ:WABC) Shares to Pay Quarterly Dividend of $0.48

Westamerica Bancorporation (NASDAQ:WABC) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 2nd will be given a dividend of $0.48 per share by the financial services provider on Friday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 2nd.

Westamerica Bancorporation has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings.

Westamerica Bancorporation Stock Performance

WABC opened at $61.92 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.18. Westamerica Bancorporation has a 52-week low of $46.23 and a 52-week high of $63.61. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 13.34 and a beta of 0.56. The firm’s fifty day simple moving average is $59.25 and its two-hundred day simple moving average is $57.79.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $64.05 million during the quarter, compared to analyst estimates of $63.10 million. Westamerica Bancorporation had a net margin of 41.63% and a return on equity of 12.80%. During the same quarter in the prior year, the firm posted $1.12 earnings per share.

About Westamerica Bancorporation

Westamerica Bancorporation is a bank holding company headquartered in San Rafael, California. Through its principal subsidiary, Westamerica Bank, the company provides community banking services to individuals, businesses and public-sector customers.

Westamerica Bank offers deposit accounts, commercial and consumer lending, residential and commercial real estate loans, construction financing, cash-management services and electronic banking solutions. Its lending and deposit activities are primarily focused on small and midsized businesses, professionals, nonprofit organizations and retail customers.

The company serves communities throughout Northern and Central California through a network of banking offices and digital channels.