Dynamic Technology Lab Private Ltd Takes Position in Westamerica Bancorporation (NASDAQ:WABC)

Dynamic Technology Lab Private Ltd purchased a new position in Westamerica Bancorporation (NASDAQ:WABC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,161 shares of the financial services provider's stock, valued at approximately $848,000. Dynamic Technology Lab Private Ltd owned 0.06% of Westamerica Bancorporation at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WABC. Vanguard Group Inc. grew its holdings in Westamerica Bancorporation by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,512,538 shares of the financial services provider's stock valued at $171,693,000 after buying an additional 19,654 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Westamerica Bancorporation by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 221 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Westamerica Bancorporation by 35.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,441 shares of the financial services provider's stock valued at $1,437,000 after acquiring an additional 7,714 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Westamerica Bancorporation by 41.4% in the 1st quarter. Lazard Asset Management LLC now owns 19,663 shares of the financial services provider's stock worth $961,000 after purchasing an additional 5,760 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Westamerica Bancorporation by 124.0% in the 1st quarter. Janus Henderson Group PLC now owns 26,620 shares of the financial services provider's stock worth $1,301,000 after purchasing an additional 14,738 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company's stock.

Analyst Upgrades and Downgrades

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

Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock traded down $0.03 during mid-day trading on Thursday, reaching $57.54. 70,395 shares of the company's stock traded hands, compared to its average volume of 121,455. Westamerica Bancorporation has a 12-month low of $43.82 and a 12-month high of $59.97. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $52.35 and a two-hundred day moving average of $50.70. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 10.48 and a beta of 0.54.

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

Westamerica Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation's dividend payout ratio (DPR) is 32.06%.

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.