Victory Capital Management Inc. Buys 12,702 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Victory Capital Management Inc. increased its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 58.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,428 shares of the financial services provider's stock after acquiring an additional 12,702 shares during the period. Victory Capital Management Inc. owned about 0.13% of Westamerica Bancorporation worth $1,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WABC. Kimelman & Baird LLC acquired a new stake in shares of Westamerica Bancorporation during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC raised its holdings in shares of Westamerica Bancorporation by 13.8% during the second quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider's stock worth $90,000 after acquiring an additional 226 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Westamerica Bancorporation during the first quarter worth $113,000. CWM LLC boosted its stake in Westamerica Bancorporation by 16.4% in the 2nd quarter. CWM LLC now owns 3,649 shares of the financial services provider's stock worth $177,000 after purchasing an additional 514 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Westamerica Bancorporation by 5.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider's stock worth $204,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 81.89% of the company's stock.

Westamerica Bancorporation Stock Up 1.1 %

WABC traded up $0.63 during trading hours on Monday, hitting $58.23. 168,505 shares of the company's stock were exchanged, compared to its average volume of 129,795. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 10.79 and a beta of 0.54. Westamerica Bancorporation has a 1-year low of $43.82 and a 1-year high of $59.97. The stock's 50-day moving average is $51.92 and its two-hundred day moving average is $50.55. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.15.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, hitting analysts' consensus estimates of $1.27. The company had revenue of $74.07 million during the quarter, compared to the consensus estimate of $72.74 million. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. Sell-side analysts predict that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a yield of 3.02%. Westamerica Bancorporation's dividend payout ratio is 32.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Westamerica Bancorporation from a "sell" rating to a "hold" rating in a report on Thursday, October 17th.

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.