Westamerica Bancorporation (NASDAQ: WABC) has reported earnings for its first fiscal quarter (ending March 31) of $1.37 versus $1.51 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.92 versus $5.20 for the same period a year ago.
Recent Price Action
On 4/18/24, Westamerica Bancorporation (NASDAQ: WABC) stock rose slightly by 0.1%, closing at $45.55. Moreover, above average trading volume at 134% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
WABC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Westamerica Bancorporation has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Westamerica Bancorporation has a neutral Appreciation Score of 58 and a neutral Power Rating of 60, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment