Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,825 shares of the financial services provider's stock after selling 61,472 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.02% of Westamerica Bancorporation worth $14,312,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WABC. Golden State Wealth Management LLC acquired a new stake in shares of Westamerica Bancorporation during the 4th quarter valued at approximately $65,000. KBC Group NV increased its stake in Westamerica Bancorporation by 71.4% in the 4th 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. GAMMA Investing LLC boosted 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 worth $114,000 after purchasing an additional 268 shares in the last quarter. Mutual of America Capital Management LLC acquired a new stake in Westamerica Bancorporation in the fourth quarter valued at $212,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Westamerica Bancorporation in the fourth quarter valued at $245,000. Hedge funds and other institutional investors own 81.89% of the company's stock.

Westamerica Bancorporation Price Performance

Shares of NASDAQ:WABC traded up $0.93 during midday trading on Monday, hitting $52.02. 140,667 shares of the stock were exchanged, compared to its average volume of 112,875. Westamerica Bancorporation has a twelve month low of $45.11 and a twelve month high of $59.97. The stock has a market cap of $1.39 billion, a P/E ratio of 10.00 and a beta of 0.55. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $50.90 and a 200-day moving average price of $52.01.

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

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 3.38%. Westamerica Bancorporation's payout ratio is currently 33.85%.

About Westamerica Bancorporation

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.