NEW YORK ( TheStreet) -- Westamerica (Nasdaq: WABC) hit a new 52-week low Thursday as it is currently trading at $36.60, below its previous 52-week low of $36.81 with 8,668 shares traded as of 9:35 a.m. ET. Average volume has been 176,900 shares over the past 30 days. Westamerica has a market cap of $1.1 billion and is part of the financial sector and banking industry. Shares are down 31.8% year to date as of the close of trading on Wednesday. Westamerica Bancorporation operates as the holding company for Westamerica Bank that provides various banking services to individual and corporate customers in northern and central California. The company has a P/E ratio of 12.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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