Westamerica Bancorporation (NASDAQ:WABC) Sets New 52-Week High at $65.48

Westamerica Bancorporation (NASDAQ:WABC)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $65.48 and last traded at $65.48, with a volume of 2072 shares. The stock had previously closed at $64.41.

Several brokerages recently issued reports on WABC. BidaskClub cut Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Maxim Group reissued a “hold” rating on shares of Westamerica Bancorporation in a research note on Friday, July 19th. Finally, ValuEngine cut Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research note on Saturday.

The business has a fifty day simple moving average of $62.47 and a two-hundred day simple moving average of $62.14. The company has a market cap of $1.71 billion, a PE ratio of 21.75 and a beta of 0.98.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $51.05 million during the quarter. Westamerica Bancorporation had a return on equity of 12.01% and a net margin of 38.24%.

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC lifted its holdings in Westamerica Bancorporation by 779.8% during the second quarter. Advisory Services Network LLC now owns 739 shares of the financial services provider’s stock worth $46,000 after buying an additional 655 shares during the period. TRUE Private Wealth Advisors purchased a new stake in Westamerica Bancorporation during the second quarter worth $46,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Westamerica Bancorporation during the first quarter worth $136,000. Crossmark Global Holdings Inc. lifted its holdings in Westamerica Bancorporation by 5.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,800 shares of the financial services provider’s stock worth $234,000 after buying an additional 190 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in Westamerica Bancorporation during the second quarter worth $239,000. Institutional investors own 82.20% of the company’s stock.

Westamerica Bancorporation Company Profile (NASDAQ:WABC)

Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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