As per Westamerica Bancorporation (NASDAQ:WABC)’s news release on 2016-08-01, its shareholders will get cash dividend of $0.39 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-08 and 2016-08-19, respectively.
The stock will commence trading ex-dividend from 2016-08-04, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Westamerica Bancorporation (NASDAQ:WABC) disbursed $0.39 in dividend compared to distribution of $0.39, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0.6579%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Westamerica Bancorporation (NASDAQ:WABC) to attain a price target of $42.75. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $45. The low price range is set at $40 for next year while the arithmetic mean is seen at 3.86.
Eyeing Earnings Westamerica Bancorporation (NASDAQ:WABC) is likely to post quarterly numbers around 2016-10-12 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.59 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Westamerica Bancorporation (NASDAQ:WABC) earnings came at $0.57 suggesting a deviation of $0. The brokerages targeted EPS of $0.57 for the quarter.
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