Westamerica Bancorporation (WABC) Receiving Somewhat Favorable Press Coverage, Report Finds

Headlines about Westamerica Bancorporation (NASDAQ:WABC) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies negative and positive news 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 closest to one being the most favorable. Westamerica Bancorporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.7389681046549 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Separately, BidaskClub cut Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

Westamerica Bancorporation (NASDAQ WABC) opened at $61.32 on Friday. Westamerica Bancorporation has a 52 week low of $49.38 and a 52 week high of $64.91. The firm has a market capitalization of $1,607.34, a PE ratio of 26.53 and a beta of 1.07.

Westamerica Bancorporation (NASDAQ:WABC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Westamerica Bancorporation had a return on equity of 10.28% and a net margin of 33.38%. The business had revenue of $45.22 million during the quarter.

In other news, SVP Dennis R. Hansen sold 20,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $58.13, for a total transaction of $1,162,600.00. Following the completion of the sale, the senior vice president now directly owns 19,721 shares of the company’s stock, valued at $1,146,381.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John A. Thorson sold 12,468 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $58.80, for a total value of $733,118.40. Following the sale, the chief financial officer now directly owns 12,468 shares of the company’s stock, valued at $733,118.40. The disclosure for this sale can be found here. Insiders have sold 56,868 shares of company stock valued at $3,340,734 in the last ninety days. Company insiders own 4.90% of the company’s stock.

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About Westamerica Bancorporation

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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