Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings data on Thursday. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07, Briefing.com reports. Westamerica Bancorporation had a net margin of 37.60% and a return on equity of 10.93%.
Shares of NASDAQ WABC opened at $56.88 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 19.75 and a beta of 0.70. The company has a 50-day moving average price of $56.35 and a 200-day moving average price of $60.12. Westamerica Bancorporation has a 1 year low of $46.94 and a 1 year high of $69.08.
WABC has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of Westamerica Bancorporation in a report on Wednesday, June 24th. They issued a “hold” rating and a $57.00 price target for the company. BidaskClub upgraded shares of Westamerica Bancorporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Maxim Group upgraded shares of Westamerica Bancorporation from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, April 7th. Finally, Zacks Investment Research upgraded shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $60.00.
Westamerica Bancorporation Company Profile
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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