Insider Selling: Jennifer Finger Unloads 17,300 Shares of Westamerica Bancorp Stock (WABC)
Westamerica Bancorp (NASDAQ:WABC) SVP Jennifer Finger sold 17,300 shares of the company’s stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $52.71, for a total transaction of $911,883.00. Following the completion of the sale, the senior vice president now directly owns 9,838 shares of the company’s stock, valued at approximately $518,561. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WABC. 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 analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.20.
Shares of Westamerica Bancorp (NASDAQ:WABC) traded up 0.06% on Wednesday, hitting $52.90. The stock had a trading volume of 151,997 shares. Westamerica Bancorp has a 1-year low of $40.50 and a 1-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 $1.411 billion and a P/E ratio of 20.33.
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 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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