Allspring Global Investments Holdings LLC Boosts Stock Position in Westamerica Bancorporation (NASDAQ:WABC)

Allspring Global Investments Holdings LLC boosted its position in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 182.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,249 shares of the financial services provider's stock after buying an additional 13,092 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Westamerica Bancorporation worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in shares of Westamerica Bancorporation by 54.2% in the third quarter. Assenagon Asset Management S.A. now owns 129,976 shares of the financial services provider's stock valued at $6,423,000 after purchasing an additional 45,708 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Westamerica Bancorporation by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,459 shares of the financial services provider's stock valued at $4,026,000 after buying an additional 32,981 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Westamerica Bancorporation by 4.1% during the third quarter. Geode Capital Management LLC now owns 735,439 shares of the financial services provider's stock valued at $36,352,000 after buying an additional 28,902 shares during the period. Barclays PLC lifted its holdings in shares of Westamerica Bancorporation by 103.8% in the third quarter. Barclays PLC now owns 52,755 shares of the financial services provider's stock worth $2,606,000 after buying an additional 26,871 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Westamerica Bancorporation by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider's stock valued at $16,521,000 after acquiring an additional 22,902 shares during the period. 81.89% of the stock is currently owned by institutional investors.

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Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock traded up $1.48 during midday trading on Thursday, reaching $51.62. 215,421 shares of the stock were exchanged, compared to its average volume of 114,801. The company's fifty day moving average is $51.22 and its 200-day moving average is $51.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. Westamerica Bancorporation has a 52 week low of $44.79 and a 52 week high of $59.97. The firm has a market cap of $1.38 billion, a PE ratio of 9.93 and a beta of 0.57.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same period in the prior year, the firm earned $1.48 EPS. On average, sell-side analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Monday, February 3rd. Westamerica Bancorporation's payout ratio is 33.85%.

Westamerica Bancorporation Profile

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.