Barclays PLC Has $2.61 Million Stake in Westamerica Bancorporation (NASDAQ:WABC)

Barclays PLC boosted its holdings in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 103.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,755 shares of the financial services provider's stock after buying an additional 26,871 shares during the quarter. Barclays PLC owned approximately 0.20% of Westamerica Bancorporation worth $2,606,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WABC. Kimelman & Baird LLC bought a new position in shares of Westamerica Bancorporation in the second quarter worth about $36,000. Glenmede Trust Co. NA acquired a new position in Westamerica Bancorporation during the 3rd quarter worth approximately $238,000. Choreo LLC bought a new position in Westamerica Bancorporation in the 2nd quarter valued at approximately $256,000. CWM LLC boosted its position in Westamerica Bancorporation by 43.9% in the third quarter. CWM LLC now owns 5,250 shares of the financial services provider's stock valued at $259,000 after buying an additional 1,601 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Westamerica Bancorporation during the second quarter worth $332,000. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Trading Up 0.4 %

Shares of Westamerica Bancorporation stock traded up $0.21 on Wednesday, hitting $52.54. The stock had a trading volume of 42,100 shares, compared to its average volume of 128,635. The stock has a 50 day moving average of $54.85 and a 200 day moving average of $51.63. The firm has a market capitalization of $1.40 billion, a P/E ratio of 9.57 and a beta of 0.57. Westamerica Bancorporation has a twelve month low of $43.82 and a twelve month high of $59.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.26.

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

Westamerica Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.44 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a yield of 3.35%. Westamerica Bancorporation's payout ratio is 32.06%.

Analysts Set New Price Targets

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

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.