Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Algert Global LLC

Algert Global LLC reduced its stake in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,475 shares of the financial services provider's stock after selling 19,890 shares during the quarter. Algert Global LLC owned about 0.17% of Westamerica Bancorporation worth $2,198,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kimelman & Baird LLC purchased a new stake in Westamerica Bancorporation in the second quarter valued at approximately $36,000. GAMMA Investing LLC raised its position in shares of Westamerica Bancorporation by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider's stock worth $90,000 after buying an additional 226 shares during the period. CWM LLC boosted its holdings in Westamerica Bancorporation by 16.4% in the second quarter. CWM LLC now owns 3,649 shares of the financial services provider's stock valued at $177,000 after acquiring an additional 514 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Westamerica Bancorporation by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 221 shares during the period. Finally, Choreo LLC acquired a new stake in Westamerica Bancorporation during the second quarter worth about $256,000. Institutional investors and hedge funds own 81.89% of the company's stock.

Westamerica Bancorporation Stock Down 0.1 %

WABC traded down $0.03 during trading hours on Wednesday, reaching $57.54. 70,395 shares of the stock traded hands, compared to its average volume of 129,415. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 10.54 and a beta of 0.54. The firm's fifty day simple moving average is $52.21 and its two-hundred day simple moving average is $50.65.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, meeting the consensus estimate of $1.27. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. The company had revenue of $74.07 million during the quarter, compared to the consensus estimate of $72.74 million. As a group, analysts forecast that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation's payout ratio is 32.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Westamerica Bancorporation from a "sell" rating to a "hold" rating in a report on Thursday, October 17th.

About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit.