Thrivent Financial for Lutherans Sells 11,315 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Thrivent Financial for Lutherans trimmed its position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,675 shares of the financial services provider's stock after selling 11,315 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.19% of Westamerica Bancorporation worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at $3,647,000. JPMorgan Chase & Co. increased its stake in Westamerica Bancorporation by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,459 shares of the financial services provider's stock valued at $4,026,000 after purchasing an additional 32,981 shares in the last quarter. Geode Capital Management LLC raised its holdings in Westamerica Bancorporation by 4.1% in the third quarter. Geode Capital Management LLC now owns 735,439 shares of the financial services provider's stock worth $36,352,000 after buying an additional 28,902 shares during the last quarter. Barclays PLC lifted its stake in shares of Westamerica Bancorporation by 103.8% in the third quarter. Barclays PLC now owns 52,755 shares of the financial services provider's stock worth $2,606,000 after buying an additional 26,871 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Westamerica Bancorporation by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider's stock valued at $16,521,000 after buying an additional 22,902 shares during the last quarter. Hedge funds and other institutional investors own 81.89% of the company's stock.

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Westamerica Bancorporation Stock Performance

Shares of Westamerica Bancorporation stock traded up $0.28 during trading on Monday, hitting $50.63. 436,265 shares of the company's stock traded hands, compared to its average volume of 122,815. Westamerica Bancorporation has a 1 year low of $45.11 and a 1 year high of $59.97. The business has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $52.08. The stock has a market capitalization of $1.35 billion, a P/E ratio of 9.74 and a beta of 0.55. 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 announced its earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share 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 last year, the firm posted $1.48 earnings per share. As a group, analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

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 of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.48%. Westamerica Bancorporation's payout ratio is currently 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.