Geode Capital Management LLC Has $39.52 Million Stake in Westamerica Bancorporation (NASDAQ:WABC)

Geode Capital Management LLC grew its holdings in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 753,088 shares of the financial services provider's stock after buying an additional 17,649 shares during the period. Geode Capital Management LLC owned 2.82% of Westamerica Bancorporation worth $39,515,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WABC. Golden State Wealth Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at approximately $65,000. KBC Group NV grew its position in shares of Westamerica Bancorporation by 71.4% during the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider's stock worth $104,000 after purchasing an additional 822 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Westamerica Bancorporation by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider's stock worth $114,000 after purchasing an additional 268 shares during the period. Gallacher Capital Management LLC acquired a new stake in shares of Westamerica Bancorporation in the fourth quarter valued at approximately $205,000. Finally, One Capital Management LLC bought a new stake in shares of Westamerica Bancorporation in the fourth quarter valued at approximately $210,000. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock traded up $0.38 during mid-day trading on Friday, reaching $45.97. 176,213 shares of the company were exchanged, compared to its average volume of 128,358. The company has a fifty day simple moving average of $49.07 and a 200-day simple moving average of $51.60. The firm has a market cap of $1.23 billion, a PE ratio of 8.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26. Westamerica Bancorporation has a 12 month low of $42.00 and a 12 month high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.07. The firm had revenue of $66.71 million for the quarter, compared to the consensus estimate of $66.47 million. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. As a group, equities research analysts expect that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given 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 3.83%. Westamerica Bancorporation's dividend payout ratio is currently 33.85%.

About Westamerica Bancorporation

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.