Could Westamerica Bancorporation (NASDAQ:WABC) Skyrocket? The Stock Has Too Many Sellers

June 14, 2018 - By Harriett Tippett

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.27, from 1.33 in 2017Q4. It worsened, 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.
Tiaa Cref Limited Liability Com holds 0% in Westamerica Bancorporation (NASDAQ:WABC) or 75,560 shares. Public Sector Pension Board owns 0.01% invested in Westamerica Bancorporation (NASDAQ:WABC) for 17,204 shares. Whittier stated it has 0.03% in Westamerica Bancorporation (NASDAQ:WABC). Tiverton Asset Management Lc holds 13,673 shares or 0.06% of its portfolio. 98,128 were accumulated by Goldman Sachs Grp Incorporated. Parallax Volatility Advisers Limited Partnership owns 0% invested in Westamerica Bancorporation (NASDAQ:WABC) for 140 shares. Jpmorgan Chase & reported 0.01% stake. Royal Savings Bank Of Canada accumulated 3,320 shares or 0% of the stock. Panagora Asset Mgmt owns 2,100 shares for 0% of their portfolio. Morgan Stanley reported 0% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC). Denver Inv Advsr Ltd holds 151,963 shares or 0.47% of its portfolio. Teachers Retirement System Of The State Of Kentucky stated it has 0.01% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC). 8,571 are held by State Of Alaska Department Of Revenue. Metropolitan Life has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Deprince Race & Zollo Incorporated has 0.67% invested in Westamerica Bancorporation (NASDAQ:WABC) for 492,626 shares.

Since January 23, 2018, it had 0 insider purchases, and 7 sales for $5.55 million activity. THORSON JOHN A had sold 2,000 shares worth $113,237 on Friday, April 27. 23,800 shares were sold by HANSEN DENNIS R, worth $1.36M on Tuesday, April 24. Shares for $304,669 were sold by SYLVESTER EDWARD B on Friday, January 26.

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 3.06 million 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 stock of Westamerica Bancorporation (NASDAQ:WABC) earned “Sell” rating by Sandler O’Neill on Thursday, March 29. BMO Capital Markets maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Tuesday, April 24. BMO Capital Markets has “Sell” rating and $5000 target. Keefe Bruyette & Woods maintained Westamerica Bancorporation (NASDAQ:WABC) on Thursday, January 18 with “Hold” rating. BMO Capital Markets maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Monday, December 18. BMO Capital Markets has “Sell” rating and $43.0 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, February 26 report. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. As per Thursday, January 18, the company rating was maintained by Sandler O’Neill. BMO Capital Markets maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Friday, March 23. BMO Capital Markets has “Sell” rating and $5200 target. The rating was maintained by Sandler O’Neill with “Sell” on Thursday, January 4.

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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