Westamerica Bancorporation (WABC) Reaches $57.87 Formed H&S; Trex Co (TREX) Has 1.06 Sentiment

Trex Company, Inc. (NYSE:TREX) Logo

Westamerica Bancorporation (WABC) formed H&S with $56.13 target or 3.00% below today’s $57.87 share price. Westamerica Bancorporation (WABC) has $1.54B valuation. The stock increased 0.10% or $0.06 during the last trading session, reaching $57.87. About 106,996 shares traded. Westamerica Bancorporation (NASDAQ:WABC) has risen 5.96% since April 17, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

Trex Co Inc (TREX) investors sentiment decreased to 1.06 in 2017 Q4. It’s down -0.29, from 1.35 in 2017Q3. The ratio is negative, as 107 investment professionals increased and opened new stock positions, while 101 cut down and sold their stakes in Trex Co Inc. The investment professionals in our database now own: 25.62 million shares, down from 25.84 million shares in 2017Q3. Also, the number of investment professionals holding Trex Co Inc in top ten stock positions was flat from 3 to 3 for the same number . Sold All: 8 Reduced: 93 Increased: 58 New Position: 49.

Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. The company has market cap of $3.33 billion. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards. It has a 35.1 P/E ratio. The firm also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Signature aluminum railing for contemporary look.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on May, 7 after the close. They expect $1.17 earnings per share, up 23.16% or $0.22 from last year’s $0.95 per share. TREX’s profit will be $34.42 million for 24.15 P/E if the $1.17 EPS becomes a reality. After $0.56 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 108.93% EPS growth.

Ratings analysis reveals 0 of Trex’s analysts are positive. Out of 4 Wall Street analysts rating Trex, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $55.0 while the high is $61.0. The stock’s average target of $58 is -48.68% below today’s ($113.01) share price. TREX was included in 4 notes of analysts from October 19, 2016. Seaport Global Securities initiated the stock with “Neutral” rating in Tuesday, November 22 report. The stock of Trex Company, Inc. (NYSE:TREX) has “Mkt Perform” rating given on Tuesday, November 22 by FBR Capital. Wedbush maintained Trex Company, Inc. (NYSE:TREX) on Wednesday, October 19 with “Neutral” rating. The firm earned “Hold” rating on Wednesday, November 9 by Stifel Nicolaus.

The stock increased 2.18% or $2.41 during the last trading session, reaching $113.01. About 83,846 shares traded. Trex Company, Inc. (TREX) has risen 53.31% since April 17, 2017 and is uptrending. It has outperformed by 41.76% the S&P500.

Agf Investments America Inc. holds 3.28% of its portfolio in Trex Company, Inc. for 81,255 shares. Conestoga Capital Advisors Llc owns 670,834 shares or 2.79% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 1.62% invested in the company for 387,741 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 1.31% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 845,904 shares.

Since January 1, 0001, it had 1 insider buy, and 8 selling transactions for $4.58 million activity.

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 -7.98% below currents $57.87 stock price. Westamerica Bancorporation had 17 analyst reports since August 17, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Sell” rating in Tuesday, October 3 report. The firm earned “Sell” rating on Thursday, March 29 by Sandler O’Neill. Keefe Bruyette & Woods maintained the shares of WABC in report on Thursday, January 18 with “Hold” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, January 25 report. The company was upgraded on Monday, August 31 by Zacks. BMO Capital Markets maintained the shares of WABC in report on Friday, July 7 with “Sell” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The rating was maintained by BMO Capital Markets with “Sell” on Monday, December 18. The company was upgraded on Monday, August 17 by Zacks. Sandler O’Neill maintained Westamerica Bancorporation (NASDAQ:WABC) on Thursday, January 18 with “Sell” rating.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.37, from 0.96 in 2017Q3. It improved, 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. South Dakota Council holds 0.04% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC) for 29,100 shares. 2.25 million are held by Atlanta Capital Management L L C. 74,002 are held by Rhumbline Advisers. Principal Finance holds 0.01% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC) for 197,148 shares. 153 were reported by Captrust Fincl Advsrs. State Board Of Administration Of Florida Retirement Systems has 0% invested in Westamerica Bancorporation (NASDAQ:WABC). Sei Co invested in 36,020 shares or 0.01% of the stock. Tiaa Cref Limited Liability Company accumulated 0% or 75,560 shares. Piedmont Investment Advisors Limited Liability Corp invested in 5,415 shares. Proshare Advsr Limited Liability Corp invested 0% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC). Morgan Stanley holds 0% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC) for 108,583 shares. Mairs & Pwr has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Barclays Public Limited holds 0% of its portfolio in Westamerica Bancorporation (NASDAQ:WABC) for 4,043 shares. Amer Century invested in 2.29M shares or 0.14% of the stock. Amalgamated State Bank holds 3,681 shares or 0.01% of its portfolio.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart