Westamerica Bancorp CFO Sells $554,929 in Stock (WABC)
Westamerica Bancorp (NASDAQ:WABC) CFO John Thorson unloaded 10,830 shares of the company’s stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $51.24, for a total value of $554,929.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.
WABC has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $46.20.
Westamerica Bancorp (NASDAQ:WABC) traded up 0.13% during mid-day trading on Tuesday, hitting $52.87. The stock had a trading volume of 159,183 shares. Westamerica Bancorp has a 52 week low of $40.50 and a 52 week 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 P/E ratio of 20.31.
Westamerica Bancorp (NASDAQ:WABC) last announced its earnings results on Wednesday, October 16th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.63. During the same quarter in the prior year, the company posted $0.73 earnings per share. 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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