News headlines about Westamerica Bancorporation (NASDAQ:WABC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westamerica Bancorporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.6546094110951 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
WABC has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “sell” rating and issued a $50.00 target price on shares of Westamerica Bancorporation in a research note on Wednesday, January 24th. BidaskClub cut Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Maxim Group reiterated a “hold” rating on shares of Westamerica Bancorporation in a research note on Friday, January 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 target price on shares of Westamerica Bancorporation in a research note on Friday, December 22nd. Finally, Sandler O’Neill reiterated a “sell” rating and issued a $54.00 target price on shares of Westamerica Bancorporation in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Westamerica Bancorporation currently has an average rating of “Hold” and a consensus target price of $54.67.
WABC traded down $2.11 during trading on Friday, reaching $56.45. The company had a trading volume of 242,279 shares, compared to its average volume of 109,586. The stock has a market capitalization of $1,554.86, a P/E ratio of 25.22 and a beta of 0.97. Westamerica Bancorporation has a 12-month low of $49.38 and a 12-month high of $64.26.
In other Westamerica Bancorporation news, VP James J. Schneck sold 47,200 shares of Westamerica Bancorporation stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $58.79, for a total transaction of $2,774,888.00. Following the transaction, the vice president now owns 6,025 shares of the company’s stock, valued at approximately $354,209.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John A. Thorson sold 8,800 shares of Westamerica Bancorporation stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $62.38, for a total value of $548,944.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock worth $3,628,482 in the last three months. 4.50% of the stock is currently owned by company insiders.
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Westamerica Bancorporation Company Profile
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. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south.
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