Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Westamerica Bancorporation (NASDAQ: WABC) improved recently. WABC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Westamerica Bancorporation (NASDAQ: WABC) stock closed at $48.38 on 3/8/24 after an increase of 1.4%. However, below average trading volume at 79% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.8% 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 exceed the cost of capital.
Westamerica Bancorporation has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westamerica Bancorporation has a neutral Appreciation Score of 58 but a good Power Rating of 77, producing the Positive Value Trend Rating.
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