Insider Selling: Westamerica Bancorp VP Unloads 6,740 Shares of Stock (WABC)
Westamerica Bancorp (NASDAQ:WABC) VP James Schneck unloaded 6,740 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $51.65, for a total transaction of $348,121.00. Following the completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $517. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on WABC shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Westamerica Bancorp from $47.50 to $50.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Analysts at Zacks upgraded shares of Westamerica Bancorp 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Westamerica Bancorp has a consensus rating of “Hold” and an average target price of $46.20.
Shares of Westamerica Bancorp (NASDAQ:WABC) traded up 0.13% during mid-day trading on Tuesday, hitting $52.87. 159,183 shares of the company’s stock traded hands. Westamerica Bancorp has a one year low of $40.50 and a one year high of $50.78. The stock has a 50-day moving average of $48.40 and a 200-day moving average of $45.99. The company has a market cap of $1.410 billion and a price-to-earnings ratio of 20.31.
Westamerica Bancorp (NASDAQ:WABC) last announced its earnings results on Wednesday, October 16th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. During the same quarter last year, the company posted $0.73 earnings per share. On average, analysts predict that Westamerica Bancorp will post $2.53 earnings per share 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.