FMR LLC grew its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,056 shares of the financial services provider's stock after buying an additional 11,173 shares during the quarter. FMR LLC owned 0.20% of Westamerica Bancorporation worth $2,573,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in 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 acquiring an additional 199,721 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 valued at $6,423,000 after purchasing an additional 45,708 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Westamerica Bancorporation by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 861,398 shares of the financial services provider's stock worth $41,801,000 after purchasing an additional 41,841 shares during the last quarter. Stieven Capital Advisors L.P. lifted its position 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Westamerica Bancorporation by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider's stock worth $16,521,000 after purchasing an additional 22,902 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 Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th.
Read Our Latest Stock Report on Westamerica Bancorporation
Westamerica Bancorporation Stock Performance
WABC stock traded down $0.13 during trading on Friday, hitting $55.92. 72,440 shares of the company's stock traded hands, compared to its average volume of 88,003. Westamerica Bancorporation has a 52 week low of $43.82 and a 52 week high of $59.97. The stock has a fifty day moving average price of $54.16 and a two-hundred day moving average price of $51.36. 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 market capitalization of $1.49 billion, a price-to-earnings ratio of 10.19 and a beta of 0.57.
Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. As a group, equities analysts anticipate that Westamerica Bancorporation will post 5.17 EPS for the current fiscal year.
Westamerica Bancorporation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation's dividend payout ratio (DPR) is 32.06%.
Westamerica Bancorporation Company 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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