Westamerica Bancorporation (NASDAQ: WABC) stock closed at $58.23 on 11/6/24 after a major increase of 12.6%. Moreover, trading volume in this advance was exceptionally high at 306% of normal. The stock has risen 12.2% during the last week and has been strong relative to the market over the last nine months.
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 56 and a neutral Appreciation Score of 56, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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