Westamerica Bancorporation Buyback
OLI recorded this information on 7/23/2020
Share Amount Authorized:
Westamerica Bancorporation's Board of Directors approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company's common stock on the open market or in privately negotiated transactions prior to September 1, 2021. The repurchase plan represents approximately 6.5 percent of the Company's common stock outstanding as of June 30, 2020.
Westamerica is a bank holding company. Through its subsidiary bank, Westamerica Bank (the Bank), Co. provides a range of banking services to individual and commercial customers in Northern and Central California. The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. Co.'s focus is on the banking needs of small businesses. In addition, the Bank owns the capital stock of Community Banker Services Corporation, a company engaged in providing Co. and its subsidiaries with data processing services and other support functions.
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Buy (2.67 out of 4)
(ranked lower than approx. 81% of all stocks covered)
Based on Zacks ABR data;
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