BMO Capital Sticks to Their Hold Rating for Westamerica Bancorporation (WABC)

By Jason Carr

BMO Capital analyst Lana Chan reiterated a Hold rating on Westamerica Bancorporation (WABCResearch Report) on January 21 and set a price target of $53. The company’s shares closed yesterday at $62.88.

According to, Chan is a 5-star analyst with an average return of 9.5% and a 63.5% success rate. Chan covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and Fifth Third Bancorp.

Currently, the analyst consensus on Westamerica Bancorporation is a Moderate Sell with an average price target of $52, implying a -17.3% downside from current levels. In a report issued on January 18, Maxim Group also maintained a Hold rating on the stock.

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Westamerica Bancorporation’s market cap is currently $1.68B and has a P/E ratio of 23.55. The company has a Price to Book ratio of 2.73.

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Westamerica Bancorp operates as a bank holding company. It provides range of banking services to individual and corporate customers in Northern and Central California.