Westamerica Bancorporation (NASDAQ:WABC) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,505,495 shares of the financial services provider's stock after acquiring an additional 34,762 shares during the period. Vanguard Group Inc. owned 13.13% of Westamerica Bancorporation worth $183,898,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position 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 valued at $114,000 after acquiring an additional 268 shares during the period. Swiss National Bank lifted its stake in shares of Westamerica Bancorporation by 0.8% in the 4th quarter. Swiss National Bank now owns 52,500 shares of the financial services provider's stock valued at $2,754,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV grew its holdings in shares of Westamerica Bancorporation by 71.4% during 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. Golden State Wealth Management LLC acquired a new stake in Westamerica Bancorporation during the 4th quarter worth approximately $65,000. Finally, Commonwealth Equity Services LLC increased its position in Westamerica Bancorporation by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,366 shares of the financial services provider's stock worth $1,960,000 after purchasing an additional 1,940 shares in the last quarter. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Trading Down 1.2 %

WABC stock traded down $0.52 during midday trading on Friday, reaching $43.72. 181,372 shares of the company's stock traded hands, compared to its average volume of 127,366. 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 has a fifty-two week low of $42.84 and a fifty-two week high of $59.97. The business has a 50-day moving average price of $49.65 and a two-hundred day moving average price of $51.75. The company has a market capitalization of $1.17 billion, a P/E ratio of 8.41 and a beta of 0.63.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share for the quarter, meeting the consensus estimate 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 business posted $1.48 EPS. Equities research analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, February 3rd. Westamerica Bancorporation's payout ratio is 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.