For its third fiscal quarter (ending September 30), Westamerica Bancorporation (NASDAQ: WABC) has reported a -16% decline in E.P.S. from $1.56 a year ago to $1.31 in the current quarter. Relative to the consensus estimate of $1.24, this was a premium of $0.07. For the latest four quarters through September 30, E.P.S. were $5.49 versus $6.04 for the same period a year ago — a decline of -9%.
Recent Price Action
Westamerica Bancorporation (NASDAQ: WABC) stock increased 1.6% on 10/17/24. The shares closed at $51.92. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.2% during the last week.
Current PriceTarget Research Rating
WABC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Westamerica Bancorporation has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westamerica Bancorporation has a neutral Power Rating of 50 and a neutral Appreciation Score of 59, leading to the 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.
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