Westamerica Bancorp Hits New 52-Week High at $51.10 (WABC)
Shares of Westamerica Bancorp (NASDAQ:WABC) hit a new 52-week high during mid-day trading on Tuesday, AR Network reports. The stock traded as high as $51.10 and last traded at $50.13, with a volume of 171,328 shares trading hands. The stock had previously closed at $49.74.
WABC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Westamerica Bancorp (NASDAQ:WABC) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $51.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Westamerica Bancorp (NASDAQ:WABC) from $47.00 to $47.50 in a research note to investors on Wednesday, July 17th. They now have a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Westamerica Bancorp has a consensus rating of “Hold” and a consensus price target of $45.70.
Westamerica Bancorp has a 52-week low of $40.50 and a 52-week high of $51.10. The stock’s 50-day moving average is $48.49 and its 200-day moving average is $46.36. The company has a market cap of $1.354 billion and a P/E ratio of 18.42.
Westamerica Bancorp (NASDAQ:WABC) last released its earnings data on Tuesday, July 16th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $56.90 million for the quarter, compared to the consensus estimate of $56.01 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. Analysts expect that Westamerica Bancorp will post $2.53 EPS for the current fiscal year.
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 (NASDAQ:WABC).
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