Keefe, Bruyette & Woods Reports Solid Beat For West Coast Bancorp

According to Keefe, Bruyette & Woods, West Coast Bancorp WCBO saw a solid beat with broad based improvement. Keefe, Bruyette & Woods said that operating EPS beat consensus and fell in-line with expectations as preprovision profitability strengthened on margin expansion, smaller OREO losses & good cost control. “Credit metrics continued to improve & the stabilization of loan balances suggests net growth is around the corner. Reiterate Outperform.” West Coast Bancorp closed yesterday at $3.48.