Westamerica Bancorporation (NASDAQ:WABC – Get Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.
Westamerica Bancorporation Trading Down 3.1 %
Westamerica Bancorporation stock opened at $48.77 on Friday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 10.77 and a beta of 0.64. Westamerica Bancorporation has a 12 month low of $46.75 and a 12 month high of $63.86. The stock has a fifty day simple moving average of $55.12 and a two-hundred day simple moving average of $56.88.
Institutional Investors Weigh In On Westamerica Bancorporation
Several institutional investors and hedge funds have recently added to or reduced their stakes in WABC. Equitable Trust Co. purchased a new stake in Westamerica Bancorporation during the 4th quarter valued at $201,000. Linden Thomas Advisory Services LLC purchased a new stake in Westamerica Bancorporation during the fourth quarter valued at $1,262,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Westamerica Bancorporation by 675.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 233,361 shares of the financial services provider’s stock valued at $13,771,000 after acquiring an additional 203,249 shares during the period. State of Tennessee Treasury Department boosted its position in Westamerica Bancorporation by 3.7% in the fourth quarter. State of Tennessee Treasury Department now owns 26,384 shares of the financial services provider’s stock worth $1,557,000 after purchasing an additional 933 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Westamerica Bancorporation by 5,064.8% during the 4th quarter. Lazard Asset Management LLC now owns 76,078 shares of the financial services provider’s stock valued at $4,489,000 after purchasing an additional 74,605 shares during the period. Hedge funds and other institutional investors own 76.65% of the company’s stock.
About Westamerica Bancorporation
Westamerica Bancorporation operates as a bank holding company. It provides range of banking services to individual and corporate customers in Northern and Central California. It offers loans and lines of credit, online services, mobile banking, checking, savings, credit cards, cash management, overdraft services, merchant services, professional banking, bank owned property, preventing business loans, payroll services, and trust services.
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