The SVP of Westamerica Bancorporation is Exercising Options

By Carrie Williams

Yesterday, the SVP of Westamerica Bancorporation, Dennis Hansen, exercised options of Westamerica Bancorporation for $1.16M.

In addition to Dennis Hansen, 2 other WABC executives reported Sell trades in the last month.

Based on Westamerica Bancorporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $45.69 million and quarterly net profit of $15.02 million. In comparison, last year the company earned revenue of $45.07 million and had a net profit of $15.63 million. The company has a one-year high of $65.34 and a one-year low of $49.16. WABC’s market cap is $1.51B and the company has a P/E ratio of 24.87.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $50, reflecting a 14.4% 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 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.