Westamerica new CFO news not a surprise, says Keefe Bruyette

Keefe Bruyette says Westamerica’s appointment of a new CFO is not a surprise as Rob Thorson had been reappointed to the position after the prior CFO departed in March 2023. The firm expects smooth a transition as Thorson will retain his position as Treasurer, and newly appointed CFO Anela Jones has 13 years of experience at Westamerica. Keefe keeps a Market Perform rating on the shares with a $57 price target.