Connor Clark & Lunn Investment Management Ltd. Grows Stake in Westamerica Bancorporation (NASDAQ:WABC)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,114 shares of the financial services provider's stock after buying an additional 14,977 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Westamerica Bancorporation worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. AlphaQuest LLC lifted its position in shares of Westamerica Bancorporation by 16.1% during the 4th quarter. AlphaQuest LLC now owns 19,094 shares of the financial services provider's stock worth $1,002,000 after buying an additional 2,650 shares in the last quarter. Inceptionr LLC bought a new position in shares of Westamerica Bancorporation during the 4th quarter worth approximately $233,000. One Capital Management LLC bought a new position in shares of Westamerica Bancorporation during the 4th quarter worth approximately $210,000. Raymond James Financial Inc. bought a new position in shares of Westamerica Bancorporation during the 4th quarter worth approximately $3,647,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of Westamerica Bancorporation during the 4th quarter worth approximately $212,000. Institutional investors own 81.89% of the company's stock.

Westamerica Bancorporation Stock Performance

Shares of Westamerica Bancorporation stock traded down $0.30 during mid-day trading on Friday, hitting $51.09. 418,380 shares of the stock were exchanged, compared to its average volume of 112,685. The company has a 50-day simple moving average of $50.90 and a 200 day simple moving average of $51.99. 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 12 month low of $45.11 and a 12 month high of $59.97. The company has a market capitalization of $1.36 billion, a P/E ratio of 9.83 and a beta of 0.55.

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

Westamerica Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.44%. Westamerica Bancorporation's payout ratio is currently 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.