WestAmerica Bancorporation was incorporated under the laws of the State of California in 1972. The Company acts as a holding company for WestAmerica Bank which provides banking services to individual and business customers in California. The bank offers deposit services such as: money market savings, checking accounts, non interest demand account deposits, and transaction, savings, and time accounts. WestAmerica Bancorp has a market cap of $1.3 billion; its shares were traded at around $47.99 with a P/E ratio of 17.04 and P/S ratio of 5.94. The dividend yield of WestAmerica Bancorp stocks is 3.08%. WestAmerica Bancorporation had an annual average earnings growth of 1.1% over the past 10 years. Articles on GuruFocus.com.
SVP/CFO of WestAmerica Bancorporation (NASDAQ:WABC) John Thorson sold 21,600 shares on July 19, 2013 at an average price of $47.91. The total transaction amount was $1,034,856.
Mr. Thorson joined WestAmerica Bancorp in 1989. Later, from 1995 to 2001, he was Vice President and Manager of Human Resources and Senior Vice President and Treasurer from 2002 to 2005.
In addition to his sell on July 19, Mr. Thorson sold 1,034 shares of WABC stock on May 1, 2013. Other directors and officers also sold shares of this Company’s stock.
GuruFocus Guru Ken Fisher kept his position in WABC unchanged. As of June 30 he owns 949,148 shares.
WestAmerica Bancorporation announced its 2013 second quarter earnings with net income of $17.1 million and noninterest income of $14.3 million.
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