Geode Capital Management LLC raised its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 735,439 shares of the financial services provider's stock after purchasing an additional 28,902 shares during the quarter. Geode Capital Management LLC owned 2.76% of Westamerica Bancorporation worth $36,352,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WABC. Intech Investment Management LLC lifted its position in shares of Westamerica Bancorporation by 2.8% in the 3rd quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider's stock worth $347,000 after buying an additional 191 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Westamerica Bancorporation by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider's stock worth $650,000 after acquiring an additional 200 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Westamerica Bancorporation by 0.7% in the third quarter. Martingale Asset Management L P now owns 27,008 shares of the financial services provider's stock worth $1,335,000 after acquiring an additional 200 shares during the last quarter. Algert Global LLC boosted its stake in Westamerica Bancorporation by 0.5% in the second quarter. Algert Global LLC now owns 64,365 shares of the financial services provider's stock valued at $3,124,000 after acquiring an additional 304 shares during the period. Finally, Kimelman & Baird LLC bought a new position in shares of Westamerica Bancorporation during the second quarter valued at approximately $36,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.
Westamerica Bancorporation Trading Up 1.0 %
Shares of Westamerica Bancorporation stock traded up $0.51 on Thursday, reaching $53.05. 91,273 shares of the company were exchanged, compared to its average volume of 128,485. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.66 and a beta of 0.57. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $54.87 and a 200-day moving average price of $51.64.
Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. The firm had revenue of $74.07 million for the quarter, compared to analysts' expectations of $72.74 million. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. On average, analysts expect that Westamerica Bancorporation will post 5.17 EPS for the current year.
Westamerica Bancorporation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation's dividend payout ratio (DPR) is presently 32.06%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th.
View Our Latest Report on WABC
Westamerica Bancorporation Company Profile
(
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.
Further Reading
Before you consider Westamerica Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westamerica Bancorporation wasn't on the list.
While Westamerica Bancorporation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
