19,735 Shares in Westamerica Bancorporation (NASDAQ:WABC) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Westamerica Bancorporation (NASDAQ:WABC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,735 shares of the financial services provider's stock, valued at approximately $1,035,000. ExodusPoint Capital Management LP owned approximately 0.07% of Westamerica Bancorporation at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WINTON GROUP Ltd grew its stake in Westamerica Bancorporation by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 21,619 shares of the financial services provider's stock valued at $1,134,000 after acquiring an additional 227 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Westamerica Bancorporation by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 268 shares in the last quarter. Swiss National Bank increased its position in Westamerica Bancorporation by 0.8% during the 4th quarter. Swiss National Bank now owns 52,500 shares of the financial services provider's stock worth $2,754,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV raised its stake in Westamerica Bancorporation by 71.4% in the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 822 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Westamerica Bancorporation by 9.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,501 shares of the financial services provider's stock valued at $603,000 after purchasing an additional 1,019 shares in the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

Westamerica Bancorporation Trading Up 0.7 %

Shares of NASDAQ:WABC traded up $0.32 during trading on Wednesday, reaching $45.32. The stock had a trading volume of 69,544 shares, compared to its average volume of 127,829. Westamerica Bancorporation has a fifty-two week low of $42.00 and a fifty-two week high of $59.97. The business has a fifty day moving average price of $49.37 and a 200-day moving average price of $51.68. The stock has a market cap of $1.21 billion, a P/E ratio of 8.71 and a beta of 0.63. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.15% and a net margin of 44.55%. During the same quarter in the previous year, the business earned $1.48 EPS. As a group, analysts anticipate that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.88%. Westamerica Bancorporation's dividend payout ratio (DPR) is presently 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.