Earnings results for Westamerica Bancorporation (NASDAQ:WABC)
Westamerica Bancorporation is estimated to report earnings on 04/15/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $0.63.
Westamerica Bancorporation last issued its quarterly earnings results on January 20th, 2021. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.15. The company had revenue of $56.44 million for the quarter, compared to the consensus estimate of $51.08 million. Westamerica Bancorporation has generated $2.98 earnings per share over the last year and currently has a price-to-earnings ratio of 22.1. Westamerica Bancorporation has confirmed that its next quarterly earnings report will be published on Thursday, April 15th, 2021.
Analyst Opinion on Westamerica Bancorporation (NASDAQ:WABC)
1 Wall Street analysts have issued ratings and price targets for Westamerica Bancorporation in the last 12 months. Their average twelve-month price target is $58.00, predicting that the stock has a possible downside of 8.31%. The high price target for WABC is $58.00 and the low price target for WABC is $58.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”
Westamerica Bancorporation has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $58.00, Westamerica Bancorporation has a forecasted downside of 8.3% from its current price of $63.26. Westamerica Bancorporation has received no research coverage in the past 90 days.
Dividend Strength: Westamerica Bancorporation (NASDAQ:WABC)
Westamerica Bancorporation pays a meaningful dividend of 2.56%, higher than the bottom 25% of all stocks that pay dividends. Westamerica Bancorporation has only been increasing its dividend for 1 years. The dividend payout ratio of Westamerica Bancorporation is 55.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Westamerica Bancorporation will have a dividend payout ratio of 56.55% next year. This indicates that Westamerica Bancorporation will be able to sustain or increase its dividend.
Insiders buying/selling: Westamerica Bancorporation (NASDAQ:WABC)
In the past three months, Westamerica Bancorporation insiders have not sold or bought any company stock. Only 4.30% of the stock of Westamerica Bancorporation is held by insiders. 77.44% of the stock of Westamerica Bancorporation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Westamerica Bancorporation (NASDAQ:WABC
Earnings for Westamerica Bancorporation are expected to grow by 1.75% in the coming year, from $2.85 to $2.90 per share. The P/E ratio of Westamerica Bancorporation is 22.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.76. The P/E ratio of Westamerica Bancorporation is 22.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.58. Westamerica Bancorporation has a P/B Ratio of 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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