Westamerica Ban Corp. (WABC) Chairman, President & CEO David L Payne sells 21,970 Shares

Chairman, President & CEO of Westamerica Ban Corp. (WABC) David L Payne sells 21,970 shares of WABC on 10/25/2011 at an average price of $43.36 a share.

Westamerica Ban Corp. has a market cap of $1.24 billion; its shares were traded at around $43.57 with a P/E ratio of 14.1 and P/S ratio of 4.3. The dividend yield of Westamerica Ban Corp. stocks is 3.3%. Westamerica Ban Corp. had an annual average earning growth of 2.4% over the past 10 years.

This is the annual revenues and earnings per share of WABC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of WABC.

CEO Recent Trades:

• Chairman, President & CEO David L Payne sold 58,975 shares of WABC stock on 10/24/2011 at the average price of 44.15. David L Payne owns at least 877,203 shares after this. The price of the stock has decreased by 1.31% since.
• Chairman, President & CEO David L Payne sold 46,439 shares of WABC stock on 08/03/2011 at the average price of 46.2. David L Payne owns at least 877,203 shares after this. The price of the stock has decreased by 5.69% since.
• Chairman, President & CEO David L Payne sold 20,700 shares of WABC stock on 07/26/2011 at the average price of 47.96. David L Payne owns at least 874,953 shares after this. The price of the stock has decreased by 9.15% since.

CFO Recent Trades:

• SVP/CFO John A Thorson sold 991 shares of WABC stock on 08/03/2011 at the average price of 46.23. John A Thorson owns at least 8,299 shares after this. The price of the stock has decreased by 5.75% since.
• SVP/CFO John A Thorson sold 500 shares of WABC stock on 07/21/2011 at the average price of 48.91. John A Thorson owns at least 9,290 shares after this. The price of the stock has decreased by 10.92% since.

This is the insider trade history vs. stock price of WABC. For the complete insider trading history of WABC, click here.

Directors and Officers Recent Trades:

• Director Millan Catherine C Mac bought 200 shares of WABC stock on 10/21/2011 at the average price of 42.64. Millan Catherine C Mac owns at least 8,600 shares after this. The price of the stock has increased by 2.18% since.
• SVP/Treasurer Jennifer J Finger sold 15,848 shares of WABC stock on 10/21/2011 at the average price of 43.09. Jennifer J Finger owns at least 33,212 shares after this. The price of the stock has increased by 1.11% since.

For the complete insider trading history of WABC, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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