Back to top

Bear of the Day

Zacks Equity Research

Westamerica Bancorp (WABC)

WABC

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Westamerica Bancorp's (WABC) third quarter earnings were on par with the Zacks Consensus Estimate. Results were adversely impacted by lower net interest income. We believe that a weak interest rate scenario and low investment returns will restrict any significant bottom-line improvement in the near term.

Westamerica's average interest earnings assets of $4.11 billion in the first nine months of 2012 declined 0.4% from the prior-year period. We don t expect any significant improvement in interest earnings assets in the near term, given the weak interest rates and low investment returns amid the ongoing sluggish economic recovery.

Our six-month target price of $40.00 equates to about 13.6x the Zacks Consensus Estimate for 2012. Combined with the $1.48 per share annual dividend, this price target implies an expected negative total return of 7.6% over that period, which is consistent with our long-term Underperform recommendation on the shares.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTERNATIONA ICAGY 33.30 +5.38%