Zacks: Analysts Set $43.00 Price Target for Westamerica Bancorporation (NASDAQ:WABC)

Westamerica Bancorporation (NASDAQ:WABC) has been given an average broker rating score of 3.83 (Sell) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong sell rating and two have issued a hold rating on the company.

Analysts have set a 1 year consensus price target of $43.00 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned Westamerica Bancorporation an industry rank of 42 out of 265 based on the ratings given to its competitors.

Shares of Westamerica Bancorporation (NASDAQ:WABC) opened at 46.75 on Monday. The firm’s 50-day moving average is $47.38 and its 200 day moving average is $47.22. The firm has a market capitalization of $1.19 billion and a P/E ratio of 20.24. Westamerica Bancorporation has a 12 month low of $40.57 and a 12 month high of $52.40.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Wednesday, October 14th. The financial services provider reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. During the same quarter in the prior year, the company earned $0.58 EPS. On average, equities research analysts anticipate that Westamerica Bancorporation will post $2.31 EPS for the current year.

Several research firms have recently commented on WABC. TheStreet raised shares of Westamerica Bancorporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 5th. Zacks Investment Research raised shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Westamerica Bancorporation from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Monday, November 2nd.

12 Month Chart for NASDAQ:WABC

Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank (NASDAQ:WABC). WAB owns 100% of the capital stock of Community Banker Services Corporation (CBSC), a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. The Company provides banking services for businesses, such as online services, checking, savings, loans and lines of credit, cash management, merchant services, ExpressDeposit Remote Deposit Capture, business trust services, bank owned property and preventing business losses. The Company provides banking services for individual customers, such as online services, checking, savings, trust services, loans and lines of credit, overdraft service, order checks and manage your account.

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