Westamerica Bancorporation (NASDAQ:WABC) Posts Earnings Results, Beats Estimates By $0.02 EPS

Westamerica Bancorporation (NASDAQ:WABC) posted its quarterly earnings data on Thursday. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02, Fidelity Earnings reports. The company had revenue of $51.05 million for the quarter. Westamerica Bancorporation had a net margin of 38.24% and a return on equity of 12.01%.

WABC opened at $64.41 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 21.75 and a beta of 0.98. The company’s 50 day moving average is $62.47 and its 200 day moving average is $62.14. Westamerica Bancorporation has a 12-month low of $52.05 and a 12-month high of $65.39.

WABC has been the topic of a number of research reports. BidaskClub downgraded shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Maxim Group reissued a “hold” rating on shares of Westamerica Bancorporation in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Westamerica Bancorporation from a “hold” rating to a “sell” rating in a report on Saturday.

About Westamerica Bancorporation

Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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Earnings History for Westamerica Bancorporation (NASDAQ:WABC)

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