KBW Reiterates a Hold Rating on Westamerica Bancorporation

By Ryan Adsit

KBW analyst Jacquelynne Bohlen reiterated a Hold rating on Westamerica Bancorporation (NASDAQ: WABC) on December 21 and set a price target of $58. The company’s shares closed yesterday at $61.25.

According to TipRanks.com, Bohlen is a 4-star analyst with an average return of 12.5% 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 $50.50.

Westamerica Bancorporation’s market cap is currently $1.61B and has a P/E ratio of 26.63. The company has a book value ratio of 2.6691.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Last month, Dennis Hansen, the SVP of WABC sold 20,000 shares for a total of $1,162,600.

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.