Westamerica Bancorporation (NASDAQ:WABC) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 143.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,137 shares of the financial services provider's stock after buying an additional 13,633 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Westamerica Bancorporation worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of WABC. Janus Henderson Group PLC lifted its holdings in Westamerica Bancorporation by 124.0% during the 1st quarter. Janus Henderson Group PLC now owns 26,620 shares of the financial services provider's stock worth $1,301,000 after buying an additional 14,738 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Westamerica Bancorporation by 58.5% in the third quarter. Victory Capital Management Inc. now owns 34,428 shares of the financial services provider's stock valued at $1,701,000 after acquiring an additional 12,702 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Westamerica Bancorporation by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 61,990 shares of the financial services provider's stock valued at $3,064,000 after acquiring an additional 11,674 shares in the last quarter. Versor Investments LP purchased a new position in Westamerica Bancorporation in the third quarter valued at $642,000. Finally, Assenagon Asset Management S.A. grew its stake in Westamerica Bancorporation by 54.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 129,976 shares of the financial services provider's stock worth $6,423,000 after purchasing an additional 45,708 shares in the last quarter. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Stock Down 0.1 %

Shares of WABC traded down $0.03 during midday trading on Thursday, reaching $57.54. The stock had a trading volume of 70,395 shares, compared to its average volume of 121,455. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 10.48 and a beta of 0.54. The company's fifty day simple moving average is $52.35 and its two-hundred day simple moving average is $50.70. Westamerica Bancorporation has a 1-year low of $43.82 and a 1-year high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26.

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

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation's payout ratio is 32.06%.

Analyst Ratings Changes

Separately, StockNews.com raised Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research report 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.