KBW Keeps a Hold Rating on Westamerica Bancorporation

By Carrie Williams

In a report released yesterday, Jacquelynne Bohlen from KBW reiterated a Hold rating on Westamerica Bancorporation (NASDAQ: WABC), with a price target of $60. The company’s shares opened today at $59.83.

According to TipRanks.com, Bohlen is a 4-star analyst with an average return of 12.0% and a 71.4% success rate. Bohlen covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Central Pacific Financial Corp, and First Interstate Bancsystem.

Westamerica Bancorporation has an analyst consensus of Moderate Sell, with a price target consensus of $55.67.

The company has a one-year high of $64.26 and a one-year low of $49.38. Currently, Westamerica Bancorporation has an average volume of 90.72K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Schneck, the VP of WABC sold 47,200 shares for a total of $2,774,888.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Westamerica Bancorp operates as a bank holding company. It provides range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank. The company was founded in 1972 and is headquartered in San Rafael, CA.