Westamerica Bancorporation (NASDAQ:WABC) issued its quarterly earnings results on Thursday. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74, Briefing.com reports. Westamerica Bancorporation had a return on equity of 10.50% and a net margin of 37.72%.
NASDAQ WABC opened at $55.62 on Friday. The stock’s fifty day moving average price is $56.75 and its 200 day moving average price is $58.19. Westamerica Bancorporation has a 1 year low of $46.94 and a 1 year high of $69.08. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 19.38 and a beta of 0.67.
A number of brokerages have recently issued reports on WABC. Piper Sandler upped their price target on Westamerica Bancorporation from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. BidaskClub downgraded Westamerica Bancorporation from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Zacks Investment Research raised Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.25.
About Westamerica Bancorporation
Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit to local businesses and professionals.
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