Westamerica Bancorporation (NASDAQ:WABC) upgraded two notches to Hold from Sell at Stifel Nicolaus. The stock closed yesterday at $51.36 on volume of 262,300 shares, above the average daily volume of 159,200.
In the past 52-weeks, shares of Westamerica Bancorporation have traded between a low of $45.42 and a high of $61.25 and are now at $51.36, which is 13.1% above that low price.
Westamerica Bancorporation is currently below its 50-day moving average (MA) of $54.88 and below its 200-day MA of $54.75. In the last five trading sessions, the 50-day MA has fallen 0.72% while the 200-day MA has slid -0.04%.
Westamerica Bancorporation is the holding company for Westamerica Bank and Bank of Lake County. The Banks provide a full range of services to individual and corporate customers in northern and central California. The Company's other subsidiaries finance accounts receivable and inventory lines of credit and term business loans, as well as provides data processing services to the Company.