Centiva Capital LP Makes New Investment in Westamerica Bancorporation (NASDAQ:WABC)

Centiva Capital LP purchased a new position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,830 shares of the financial services provider's stock, valued at approximately $436,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in Westamerica Bancorporation by 2.8% during 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 in the last quarter. Louisiana State Employees Retirement System grew its holdings in Westamerica Bancorporation by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider's stock worth $650,000 after acquiring an additional 200 shares in the last quarter. Martingale Asset Management L P grew its holdings in Westamerica Bancorporation by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 27,008 shares of the financial services provider's stock worth $1,335,000 after acquiring an additional 200 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Westamerica Bancorporation by 0.5% in the 2nd quarter. Algert Global LLC now owns 64,365 shares of the financial services provider's stock valued at $3,124,000 after buying an additional 304 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Westamerica Bancorporation by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,948 shares of the financial services provider's stock valued at $871,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 81.89% of the company's stock.

Analyst Ratings Changes

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

Westamerica Bancorporation Stock Down 0.7 %

Shares of Westamerica Bancorporation stock traded down $0.40 during trading hours on Monday, hitting $56.73. The company had a trading volume of 80,688 shares, compared to its average volume of 128,198. The company's 50-day moving average is $53.48 and its two-hundred day moving average is $51.12. Westamerica Bancorporation has a twelve month low of $43.82 and a twelve month 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 $1.51 billion, a P/E ratio of 10.33 and a beta of 0.57.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, hitting analysts' consensus estimates of $1.27. The firm had revenue of $74.07 million during the quarter, compared to analysts' expectations of $72.74 million. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. Analysts anticipate that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation's dividend payout ratio is currently 32.06%.

Westamerica Bancorporation Company 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.