News articles about Westamerica Bancorporation (NASDAQ:WABC) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westamerica Bancorporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.4049898728843 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
WABC stock traded up $0.11 during trading on Friday, reaching $60.21. 182,362 shares of the stock were exchanged, compared to its average volume of 89,107. Westamerica Bancorporation has a twelve month low of $49.38 and a twelve month high of $64.26. The company has a market cap of $1.60 billion, a PE ratio of 24.94 and a beta of 0.99.
Westamerica Bancorporation (NASDAQ:WABC) last released its earnings results on Thursday, April 19th. The financial services provider reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Westamerica Bancorporation had a return on equity of 10.73% and a net margin of 27.34%. The business had revenue of $46.00 million for the quarter.
Several equities research analysts have recently issued reports on WABC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $60.00 price target on shares of Westamerica Bancorporation in a research report on Tuesday, February 27th. BidaskClub downgraded Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Finally, BMO Capital Markets lowered their price target on Westamerica Bancorporation from $52.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 25th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Westamerica Bancorporation has a consensus rating of “Hold” and a consensus price target of $54.67.
In related news, CFO John A. Thorson sold 5,824 shares of Westamerica Bancorporation stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $56.53, for a total transaction of $329,230.72. Following the sale, the chief financial officer now directly owns 5,166 shares of the company’s stock, valued at $292,033.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Dennis R. Hansen sold 23,800 shares of Westamerica Bancorporation stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $57.34, for a total value of $1,364,692.00. Following the sale, the senior vice president now directly owns 26,120 shares in the company, valued at $1,497,720.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,624 shares of company stock worth $1,920,763. 4.50% of the stock is owned by company insiders.
Westamerica Bancorporation Company Profile
Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit to local businesses and professionals.
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