Westamerica Bancorporation (WABC) Reaches $57.84 Formed H&S; Last Week Associated Banc-Corp (ASB) Coverage

April 3, 2018 - By Danny Collins

Associated Banc-Corp (NYSE:ASB) Logo

Westamerica Bancorporation (WABC) formed H&S with $53.21 target or 8.00% below today’s $57.84 share price. Westamerica Bancorporation (WABC) has $1.54B valuation. The stock increased 1.67% or $0.95 during the last trading session, reaching $57.84. About 30,860 shares traded. Westamerica Bancorporation (NASDAQ:WABC) has risen 5.96% since April 3, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

Among 15 analysts covering Associated Banc (NYSE:ASB), 1 have Buy rating, 1 Sell and 13 Hold. Therefore 7% are positive. Associated Banc had 41 analyst reports since October 9, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, September 22 report. The company was maintained on Friday, August 11 by Jefferies. On Wednesday, December 21 the stock rating was initiated by Suntrust Robinson with “Hold”. The firm earned “Hold” rating on Friday, July 7 by RBC Capital Markets. The stock of Associated Banc-Corp (NYSE:ASB) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. The stock has “Hold” rating by Jefferies on Friday, June 9. The company was maintained on Tuesday, November 28 by SunTrust. On Friday, July 21 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of Associated Banc-Corp (NYSE:ASB) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Hold” rating by RBC Capital Markets given on Monday, February 5. See Associated Banc-Corp (NYSE:ASB) latest ratings:

05/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $27.0 Maintain
31/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $28 New Target: $27 Maintain
28/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $26.0 Maintain
25/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $27.0 Maintain
02/01/2018 Broker: Barclays Capital Rating: Hold New Target: $29.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $28.0 Maintain
13/12/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $25.5 New Target: $28 Maintain
28/11/2017 Broker: SunTrust Rating: Hold New Target: $27.0 Maintain
31/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $25.0 Maintain
23/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $26 New Target: $27 Maintain

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.18 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 17.31 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

The stock increased 0.92% or $0.225 during the last trading session, reaching $24.575. About 279,355 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 5.34% since April 3, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

Investors sentiment increased to 1.34 in Q4 2017. Its up 0.22, from 1.12 in 2017Q3. It improved, as 20 investors sold Associated Banc-Corp shares while 63 reduced holdings. 36 funds opened positions while 75 raised stakes. 117.28 million shares or 2.35% more from 114.59 million shares in 2017Q3 were reported. Mackenzie has invested 0.04% of its portfolio in Associated Banc-Corp (NYSE:ASB). Dalton Greiner Hartman Maher & reported 845,082 shares stake. Hotchkis Wiley Cap Mgmt Limited Co invested 0.12% in Associated Banc-Corp (NYSE:ASB). Winch Advisory Serv Ltd stated it has 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB). Teachers Retirement Sys Of The State Of Kentucky owns 114,854 shares. State Of Wisconsin Invest Board owns 31,076 shares for 0% of their portfolio. Proshare Advsr Limited Company reported 35,193 shares stake. Winfield Assoc Inc has 80 shares. Royal Bancshares Of Canada reported 42,393 shares or 0% of all its holdings. Chicago Equity Ptnrs Limited Liability Corporation owns 46,955 shares or 0.04% of their US portfolio. The Maryland-based Profund Advsr Ltd Company has invested 0.02% in Associated Banc-Corp (NYSE:ASB). Verition Fund Management Limited Liability Corporation holds 0.02% or 10,249 shares. Prudential Incorporated accumulated 1.60M shares. Invesco Ltd reported 206,705 shares stake. Johnson Financial Grp Incorporated holds 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 3,606 shares.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.37, from 0.96 in 2017Q3. It is positive, as 12 investors sold Westamerica Bancorporation shares while 31 reduced holdings. 13 funds opened positions while 44 raised stakes. 22.35 million shares or 0.57% more from 22.22 million shares in 2017Q3 were reported. Legal And General Grp Inc Public Ltd Company has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Morgan Stanley accumulated 0% or 108,583 shares. Sei Invs Communication accumulated 36,020 shares. Tiverton Asset Limited invested in 54,592 shares or 0.2% of the stock. Kcm Investment Advisors Limited Co invested 0.03% in Westamerica Bancorporation (NASDAQ:WABC). Captrust Advisors holds 153 shares or 0% of its portfolio. Northern Trust Corporation stated it has 0.01% in Westamerica Bancorporation (NASDAQ:WABC). Ameriprise Fincl reported 0% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC). Texas Permanent School Fund has invested 0.01% in Westamerica Bancorporation (NASDAQ:WABC). 3,840 are held by Janney Montgomery Scott Limited Com. New York-based Amalgamated Bankshares has invested 0.01% in Westamerica Bancorporation (NASDAQ:WABC). Moreover, Dimensional Fund Advisors Lp has 0.02% invested in Westamerica Bancorporation (NASDAQ:WABC) for 665,679 shares. Moreover, Fdx Advsr has 0.01% invested in Westamerica Bancorporation (NASDAQ:WABC). Moreover, Covington Capital Mngmt has 0% invested in Westamerica Bancorporation (NASDAQ:WABC) for 942 shares. Moreover, Palisade Management Ltd Liability Corp Nj has 0.66% invested in Westamerica Bancorporation (NASDAQ:WABC).

Among 5 analysts covering Westamerica Bancorporation (NASDAQ:WABC), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Westamerica Bancorporation has $60.0 highest and $43.0 lowest target. $53.25’s average target is -7.94% below currents $57.84 stock price. Westamerica Bancorporation had 17 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, July 7 by BMO Capital Markets. The stock of Westamerica Bancorporation (NASDAQ:WABC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Sandler O’Neill maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Thursday, January 4. Sandler O’Neill has “Sell” rating and $54.0 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, June 26. The company was maintained on Thursday, January 18 by Sandler O’Neill. Sandler O’Neill maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Thursday, March 29. Sandler O’Neill has “Sell” rating and $5600 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, January 18 report. BMO Capital Markets maintained Westamerica Bancorporation (NASDAQ:WABC) rating on Friday, March 23. BMO Capital Markets has “Sell” rating and $5200 target. As per Monday, August 17, the company rating was upgraded by Zacks. The stock of Westamerica Bancorporation (NASDAQ:WABC) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26.

Westamerica Bancorporation (NASDAQ:WABC) Institutional Positions Chart