Westamerica Bancorporation (WABC) Releases Earnings Results, Reports EPS of $0.56 EPS

Westamerica Bancorporation (WABC) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.56 EPS for the quarter. Analysts had a consensus estimate of $0.56. The company posted revenue of $48.18 million in the period, compared to analysts expectations of $47.58 million. The company’s revenue was down -2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Westamerica Bancorporation. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 45 from a previous price target of $47 .

Westamerica Bancorporation opened for trading at $50.16 and hit $51.16 on the upside on Monday, eventually ending the session at $50.96, with a gain of 0.95% or 0.48 points. The heightened volatility saw the trading volume jump to 70,192 shares. Company has a market cap of $1,294 M.

In a different news, on Jul 24, 2015, John A Thorson (SVP/Chief Financial Officer) sold 21,700 shares at $51.50 per share price. According to the SEC, on Jul 21, 2015, David L Robinson (SVP/Banking Division Manager) sold 217 shares at $51.12 per share price. On Jul 17, 2015, Russell W Rizzardi (SVP/Chief Credit Administrator) sold 66 shares at $51.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank Westamerica Bank (WAB). WAB owns 100% of the capital stock of Community Banker Services Corporation (CBSC) a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. The Company provides banking services for businesses such as online services checking savings loans and lines of credit cash management merchant services ExpressDeposit Remote Deposit Capture business trust services bank owned property and preventing business losses. The Company provides banking services for individual customers such as online services checking savings trust services loans and lines of credit overdraft service order checks and manage your account.

Westamerica Bancorporation

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