The SVP & CFO of Westamerica Bancorporation is Exercising Options

By Carrie Williams

Today, the SVP & CFO of Westamerica Bancorporation, John Thorson, exercised options of Westamerica Bancorporation for $548.9K.

Following John Thorson’s last WABC Sell transaction on October 27, 2017, the stock climbed by 3.7%.

Based on Westamerica Bancorporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $54.5 million and quarterly net profit of $4.16 million. In comparison, last year the company earned revenue of $44.75 million and had a net profit of $14.45 million. The company has a one-year high of $64.26 and a one-year low of $49.38. WABC’s market cap is $1.65B and the company has a P/E ratio of 32.88.

Based on 4 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $55.33, reflecting a 12.5% upside. Three different firms, including BMO Capital and KBW, currently also have a Sell rating on the stock.

The insider sentiment on Westamerica Bancorporation has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Thorson’s trades have generated a -3.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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 through its subsidiary bank, Westamerica Bank. The company was founded in 1972 and is headquartered in San Rafael, CA.