American Century Companies Inc. Lowers Position in Westamerica Bancorporation (NASDAQ:WABC)

American Century Companies Inc. trimmed its stake in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,760,488 shares of the financial services provider's stock after selling 75,267 shares during the quarter. American Century Companies Inc. owned approximately 6.60% of Westamerica Bancorporation worth $92,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Westamerica Bancorporation by 58.5% in the third quarter. Victory Capital Management Inc. now owns 34,428 shares of the financial services provider's stock valued at $1,701,000 after purchasing an additional 12,702 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Westamerica Bancorporation by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 61,990 shares of the financial services provider's stock valued at $3,064,000 after buying an additional 11,674 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Westamerica Bancorporation by 143.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,137 shares of the financial services provider's stock worth $1,143,000 after acquiring an additional 13,633 shares during the period. Intech Investment Management LLC increased its holdings in Westamerica Bancorporation by 2.8% in the 3rd quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider's stock worth $347,000 after acquiring an additional 191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Westamerica Bancorporation by 7.4% in the 3rd 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 owned by institutional investors.

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Westamerica Bancorporation Stock Performance

WABC stock traded down $0.55 during midday trading on Friday, reaching $50.35. 144,858 shares of the company's stock traded hands, compared to its average volume of 121,561. The company has a 50-day moving average price of $50.93 and a two-hundred day moving average price of $52.02. The firm has a market capitalization of $1.35 billion, a PE ratio of 9.68 and a beta of 0.55. 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 $45.11 and a 52 week high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same quarter last year, the business earned $1.48 earnings per share. As a group, equities analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 3.50%. The ex-dividend date of this dividend was Monday, February 3rd. Westamerica Bancorporation's dividend payout ratio is currently 33.85%.

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.