Raymond James Financial Inc. Makes New Investment in Westamerica Bancorporation (NASDAQ:WABC)

Raymond James Financial Inc. bought a new position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 69,510 shares of the financial services provider's stock, valued at approximately $3,647,000. Raymond James Financial Inc. owned 0.26% of Westamerica Bancorporation at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WABC. Intech Investment Management LLC raised its stake 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 valued at $347,000 after buying an additional 191 shares in the last quarter. Martingale Asset Management L P raised its position 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 purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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. KBC Group NV boosted its holdings in Westamerica Bancorporation by 71.4% during the fourth quarter. KBC Group NV now owns 1,974 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 822 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Westamerica Bancorporation during the fourth quarter valued at approximately $65,000. Institutional investors own 81.89% of the company's stock.

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Westamerica Bancorporation Price Performance

Shares of WABC traded up $0.28 during mid-day trading on Monday, reaching $50.63. The company had a trading volume of 436,265 shares, compared to its average volume of 122,815. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26. The company has a market capitalization of $1.35 billion, a P/E ratio of 9.74 and a beta of 0.55. Westamerica Bancorporation has a twelve month low of $45.11 and a twelve month high of $59.97. The company's 50-day moving average is $50.85 and its 200-day moving average is $52.08.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (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 last year, the company earned $1.48 earnings per share. On average, equities analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.48%. 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.