Positive Press Coverage Somewhat Unlikely to Affect Westamerica Bancorporation (WABC) Stock Price

News articles about Westamerica Bancorporation (NASDAQ:WABC) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westamerica Bancorporation earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.7150262605207 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of equities research analysts have commented on WABC shares. BidaskClub lowered Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 target price on shares of Westamerica Bancorporation in a research report on Friday, December 22nd. Sandler O’Neill restated a “sell” rating and set a $54.00 target price on shares of Westamerica Bancorporation in a research report on Thursday, January 4th. Maxim Group restated a “hold” rating on shares of Westamerica Bancorporation in a research report on Friday, January 19th. Finally, BMO Capital Markets restated a “sell” rating and set a $50.00 target price on shares of Westamerica Bancorporation in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.00.

Shares of Westamerica Bancorporation (NASDAQ:WABC) opened at $59.79 on Friday. Westamerica Bancorporation has a 52-week low of $49.38 and a 52-week high of $64.26. The company has a market capitalization of $1,567.27, a PE ratio of 31.47 and a beta of 1.01.

Westamerica Bancorporation (NASDAQ:WABC) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.58 EPS for the quarter. Westamerica Bancorporation had a return on equity of 10.30% and a net margin of 26.26%. The company had revenue of $54.03 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.68%. Westamerica Bancorporation’s payout ratio is 84.21%.

In related news, CFO John A. Thorson sold 8,800 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $62.38, for a total transaction of $548,944.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward B. Sylvester sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $60.93, for a total value of $304,650.00. Following the sale, the director now owns 67,490 shares in the company, valued at approximately $4,112,165.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,000 shares of company stock worth $3,628,482. 4.90% of the stock is owned by corporate insiders.

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About Westamerica Bancorporation

Westamerica Bancorporation is a bank holding company. The Company provides a range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south.

Insider Buying and Selling by Quarter for Westamerica Bancorporation (NASDAQ:WABC)

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