Charles Schwab Investment Management Inc. boosted its position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,297 shares of the financial services provider's stock after acquiring an additional 22,902 shares during the period. Charles Schwab Investment Management Inc. owned 1.25% of Westamerica Bancorporation worth $16,521,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Westamerica Bancorporation by 11.7% during the 2nd quarter. American Century Companies Inc. now owns 1,904,399 shares of the financial services provider's stock valued at $92,421,000 after purchasing an additional 199,721 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Westamerica Bancorporation by 54.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 129,976 shares of the financial services provider's stock worth $6,423,000 after acquiring an additional 45,708 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Westamerica Bancorporation by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,398 shares of the financial services provider's stock valued at $41,801,000 after acquiring an additional 41,841 shares in the last quarter. Stieven Capital Advisors L.P. grew its holdings in shares of Westamerica Bancorporation by 46.8% during the second quarter. Stieven Capital Advisors L.P. now owns 112,717 shares of the financial services provider's stock worth $5,470,000 after purchasing an additional 35,912 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Westamerica Bancorporation by 136,933.3% during the third quarter. Quest Partners LLC now owns 16,444 shares of the financial services provider's stock worth $813,000 after purchasing an additional 16,432 shares in the last quarter. Institutional investors own 81.89% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th.
View Our Latest Analysis on Westamerica Bancorporation
Westamerica Bancorporation Price Performance
NASDAQ WABC traded up $0.25 during trading hours on Friday, reaching $57.13. 73,778 shares of the stock traded hands, compared to its average volume of 93,603. 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 stock has a 50 day simple moving average of $53.34 and a two-hundred day simple moving average of $51.06. Westamerica Bancorporation has a 1 year low of $43.82 and a 1 year high of $59.97. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 10.41 and a beta of 0.57.
Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, meeting analysts' consensus estimates of $1.27. The company had revenue of $74.07 million for the quarter, compared to analysts' expectations of $72.74 million. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. On average, analysts predict that Westamerica Bancorporation will post 5.17 EPS for the current fiscal year.
Westamerica Bancorporation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.08%. Westamerica Bancorporation's payout ratio is 32.06%.
Westamerica Bancorporation Profile
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Free Report)
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.
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