Sandler O’Neill Sticks to Their Sell Rating for Westamerica Bancorporation

By Carrie Williams

Sandler O’Neill analyst Aaron Deer reiterated a Sell rating on Westamerica Bancorporation (NASDAQ: WABC) yesterday and set a price target of $54. The company’s shares closed yesterday at $58.13.

According to TipRanks.com, Deer is a 4-star analyst with an average return of 9.7% and a 69.9% success rate. Deer covers the Financial sector, focusing on stocks such as Central Pacific Financial Corp, First Financial Northwest, and Columbia Banking System.

Westamerica Bancorporation has an analyst consensus of Moderate Sell, with a price target consensus of $51.67.

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 82.05K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, 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.