Westamerica price target raised to $48 from $46 at Piper Sandler

Piper Sandler raised the firm’s price target on Westamerica to $48 from $46 and keeps a Neutral rating on the shares. Westamerica’s Q3 core EPS of $1.55 topped the firm’s estimate by 6c, with upside stemming from stronger-than-expected NII, as the margin rose 9 bps to 4.43%, the analyst tells investors in a research note.