Westamerica Bancorporation (WABC) Announces Quarterly Earnings, Meets Expectations
Westamerica Bancorporation (NASDAQ:WABC) posted its quarterly earnings results on Tuesday. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.58, AR Network reports.
A number of analysts have recently weighed in on WABC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Westamerica Bancorporation in a research note on Thursday, June 19th. They now have a $55.00 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of Westamerica Bancorporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. Finally, analysts at TheStreet downgraded shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th.
Shares of Westamerica Bancorporation (NASDAQ:WABC) traded down 0.63% on Tuesday, hitting $50.865. The stock had a trading volume of 31,146 shares. Westamerica Bancorporation has a one year low of $45.90 and a one year high of $57.59. The stock has a 50-day moving average of $51.21 and a 200-day moving average of $51.64. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 20.98.
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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