Trade Report: Today, Westamerica Bancorp (WABC) Set to Announce Quarterly Earnings on Thursday

Today, Westamerica Bancorp (WABC) Set to Announce Quarterly Earnings on Thursday

Westamerica Bancorp (NASDAQ:WABC) will be issuing its quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Westamerica Bancorp (NASDAQ:WABC) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 period in the previous year, the company posted $0.58 earnings per share. On average, analysts expect Westamerica Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Westamerica Bancorp (NASDAQ:WABC) opened at 48.47 on Tuesday. The firm has a 50-day moving average of $49.87 and a 200 day moving average of $48.71. The firm has a market capitalization of $1.24 billion, a PE ratio of 21.26 and a beta of 1.03. Westamerica Bancorp has a 12 month low of $40.52 and a 12 month high of $52.18.

Large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC bought a new stake in shares of Westamerica Bancorp during the second quarter valued at about $289,000. Parametric Portfolio Associates LLC raised its stake in shares of Westamerica Bancorp by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 86,006 shares of the financial services provider’s stock valued at $4,237,000 after buying an additional 244 shares during the last quarter. KCG Holdings Inc. raised its stake in shares of Westamerica Bancorp by 60.3% in the second quarter. KCG Holdings Inc. now owns 9,192 shares of the financial services provider’s stock valued at $453,000 after buying an additional 3,458 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Westamerica Bancorp by 4.3% in the second quarter. Thrivent Financial for Lutherans now owns 12,310 shares of the financial services provider’s stock valued at $606,000 after buying an additional 510 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Westamerica Bancorp by 2.4% in the second quarter. Profund Advisors LLC now owns 6,107 shares of the financial services provider’s stock valued at $301,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

A number of research firms have recently commented on WABC. Zacks Investment Research upgraded shares of Westamerica Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. 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 report on Friday, July 22nd. Finally, TheStreet lowered shares of Westamerica Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.33.

Westamerica Bancorp Company Profile

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