Could Westamerica Bancorporation (NASDAQ:WABC) See a Reversal After More Sellers Came In?

June 14, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.27, from 1.33 in 2017Q4. It dived, as 6 investors sold Westamerica Bancorporation shares while 42 reduced holdings. 10 funds opened positions while 41 raised stakes. 22.39 million shares or 0.20% more from 22.35 million shares in 2017Q4 were reported.
Moreover, Parkside Bank & has 0% invested in Westamerica Bancorporation (NASDAQ:WABC) for 19 shares. Deprince Race And Zollo Inc accumulated 492,626 shares or 0.67% of the stock. Parametric Port Ltd Liability Com invested in 91,922 shares or 0.01% of the stock. Envestnet Asset holds 2,698 shares. Aperio Grp Ltd Limited Liability Company invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Tudor Invest Et Al holds 9,544 shares. Voya Investment Management Ltd Liability Co stated it has 11,292 shares. Schwab Charles Inv Management reported 0.01% stake. Bancshares Of Ny Mellon Corp holds 0.01% or 643,764 shares in its portfolio. Tower Ltd Liability Co (Trc) reported 0% in Westamerica Bancorporation (NASDAQ:WABC). Legal General Gru Pcl holds 54,649 shares. Thrivent Financial For Lutherans reported 17,885 shares. Hanson Mcclain invested 0.01% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC). New York State Common Retirement Fund holds 0% or 64,300 shares in its portfolio. Northern Trust Corp holds 0.01% or 428,701 shares.

Since January 23, 2018, it had 0 buys, and 7 insider sales for $5.55 million activity. $2.78 million worth of Westamerica Bancorporation (NASDAQ:WABC) was sold by SCHNECK JAMES J. HANSEN DENNIS R had sold 23,800 shares worth $1.36 million on Tuesday, April 24. 5,000 shares were sold by SYLVESTER EDWARD B, worth $304,669.

The stock of Westamerica Bancorporation (NASDAQ:WABC) registered an increase of 1.15% in short interest. WABC’s total short interest was 3.10M shares in June as published by FINRA. Its up 1.15% from 3.06M shares, reported previously. With 121,900 shares average volume, it will take short sellers 25 days to cover their WABC’s short positions. The short interest to Westamerica Bancorporation’s float is 12.24%.

The stock increased 0.15% or $0.09 during the last trading session, reaching $58.91. About 51,424 shares traded. Westamerica Bancorporation (NASDAQ:WABC) has risen 7.92% since June 14, 2017 and is uptrending. It has underperformed by 4.65% the S&P500.

Westamerica Bancorporation operates as a bank holding firm for Westamerica Bank that provides various banking services and products to individual and commercial clients in Northern and Central California. The company has market cap of $1.57 billion. The firm accepts various deposit products, including retail savings and checking accounts; interest and non-interest bearing demand deposits; money market checking deposits; and certificates of deposit, as well as invests in securities. It has a 29.72 P/E ratio. The Company’s loan portfolio includes commercial, commercial real estate, real estate construction, residential real estate, and consumer installment loans, as well as other loans primarily comprising indirect automobile loans.

Westamerica Bancorporation (NASDAQ:WABC) Ratings Coverage

Among 3 analysts covering Westamerica Bancorporation (NASDAQ:WABC), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Westamerica Bancorporation had 9 analyst reports since December 18, 2017 according to SRatingsIntel. The firm earned “Sell” rating on Friday, March 23 by BMO Capital Markets. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Sandler O’Neill on Thursday, January 4 with “Sell”. As per Tuesday, April 24, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained it with “Sell” rating and $43.0 target in Monday, December 18 report. The firm earned “Hold” rating on Thursday, January 18 by Keefe Bruyette & Woods. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. As per Thursday, January 18, the company rating was maintained by Sandler O’Neill. The stock of Westamerica Bancorporation (NASDAQ:WABC) earned “Sell” rating by Sandler O’Neill on Thursday, March 29.

Another recent and important Westamerica Bancorporation (NASDAQ:WABC) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in inTest, Westamerica, Simmons First National, Dova Pharmaceuticals …” on May 25, 2018.

Westamerica Bancorporation (NASDAQ:WABC) Institutional Positions Chart

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