New Age Alpha Advisors LLC Takes $1.87 Million Position in Westamerica Bancorporation (NASDAQ:WABC)

New Age Alpha Advisors LLC purchased a new stake in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,554 shares of the financial services provider's stock, valued at approximately $1,865,000. New Age Alpha Advisors LLC owned approximately 0.13% of Westamerica Bancorporation at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at about $65,000. KBC Group NV lifted 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 worth $104,000 after purchasing an additional 822 shares during the period. GAMMA Investing LLC boosted its position 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 valued at $114,000 after acquiring an additional 268 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in Westamerica Bancorporation during the 4th quarter valued at approximately $205,000. Finally, One Capital Management LLC bought a new position in shares of Westamerica Bancorporation in the 4th quarter worth approximately $210,000. 81.89% of the stock is owned by institutional investors.

Westamerica Bancorporation Stock Down 3.6 %

Shares of WABC stock traded down $1.73 during trading hours on Friday, hitting $46.27. 46,874 shares of the company's stock traded hands, compared to its average volume of 123,529. The stock's fifty day simple moving average is $50.70 and its two-hundred day simple moving average is $52.04. 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 has a 12-month low of $45.11 and a 12-month high of $59.97. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 8.89 and a beta of 0.63.

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Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same quarter in the prior year, the firm posted $1.48 EPS. On average, analysts expect that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The company 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. This represents a $1.76 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Monday, February 3rd. 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.