7,056 Shares in Westamerica Bancorporation (NASDAQ:WABC) Purchased by Ieq Capital LLC

Ieq Capital LLC purchased a new position in Westamerica Bancorporation (NASDAQ:WABC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,056 shares of the financial services provider's stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in Westamerica Bancorporation in the fourth quarter valued at about $65,000. KBC Group NV raised its position in shares of 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 acquiring an additional 822 shares during the period. GAMMA Investing LLC boosted its stake in Westamerica Bancorporation by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider's stock worth $114,000 after acquiring an additional 268 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Westamerica Bancorporation during the fourth quarter valued at approximately $245,000. Finally, Glenmede Trust Co. NA bought a new stake in Westamerica Bancorporation in the third quarter valued at approximately $238,000. 81.89% of the stock is currently owned by institutional investors.

Westamerica Bancorporation Trading Down 0.7 %

WABC traded down $0.35 during mid-day trading on Monday, hitting $51.77. The stock had a trading volume of 98,425 shares, compared to its average volume of 115,264. The stock's fifty day simple moving average is $51.23 and its 200-day simple moving average is $52.02. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.96 and a beta of 0.57. Westamerica Bancorporation has a 1-year low of $45.11 and a 1-year high of $59.97. 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 (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 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 prior year, the firm posted $1.48 EPS. As a group, research analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, February 3rd. Westamerica Bancorporation's dividend payout ratio (DPR) is presently 33.85%.

Westamerica Bancorporation Company 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.