NEW YORK ( TheStreet) -- The ex-dividend date for Westamerica (Nasdaq: WABC) is tomorrow, May 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $50.57 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Westamerica has been 153,600 shares per day over the past 30 days. Westamerica has a market cap of $1.5 billion and is part of the financial sector and banking industry. Shares are down 9.1% year to date as of the close of trading on Tuesday.

Westamerica Bancorporation operates as the holding company for Westamerica Bank that provides various banking services to individuals and corporate customers in northern and central California. The company has a P/E ratio of 15.6, below the average banking industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Westamerica as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Westamerica Ratings Report.

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