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FAIRFIELD, CA—Wondeh Inez, a director at Westamerica Bancorporation (NASDAQ:WABC), recently acquired 451 shares of the company’s common stock. The regional bank, currently valued at $1.29 billion, has demonstrated strong financial health according to InvestingPro analysis, with shares trading at a P/E ratio of 9.7x and offering a 3.76% dividend yield. The purchase, made on April 29, 2025, was valued at approximately $21,878, with each share priced at $48.51. Following this transaction, Inez holds a total of 946 shares in the company. InvestingPro data reveals the company has raised its dividend for 32 consecutive years, showcasing strong shareholder returns. Based on InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels. Subscribers can access 6 additional ProTips and comprehensive financial metrics on the platform.
In other recent news, Westamerica Bancorporation reported a net income of $31.0 million for the first quarter ending March 31, 2025, translating to $1.16 in diluted earnings per common share. The company also announced an increase in its quarterly cash dividend to $0.46 per share, up from $0.44 in the previous quarter, reflecting its stable earnings and strong financial position. Additionally, Westamerica Bancorporation’s Board of Directors approved a plan to repurchase up to 2,000,000 shares, approximately 7.5 percent of its common stock, by March 31, 2026. This decision highlights the company’s confidence in its financial health and future prospects.
Moreover, at the annual meeting of shareholders, all nominated board members were elected, and the 2025 Omnibus Equity Incentive Plan was approved. Shareholders also ratified the appointment of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. In these developments, Westamerica Bancorporation continues to demonstrate its financial resilience and strategic initiatives.
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