Leeward Investments LLC MA Sells 11,792 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Leeward Investments LLC MA decreased its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,351 shares of the financial services provider's stock after selling 11,792 shares during the quarter. Leeward Investments LLC MA owned about 0.59% of Westamerica Bancorporation worth $8,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Westamerica Bancorporation by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 735,439 shares of the financial services provider's stock worth $36,352,000 after purchasing an additional 28,902 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Westamerica Bancorporation by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider's stock worth $16,521,000 after buying an additional 22,902 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Westamerica Bancorporation by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 144,864 shares of the financial services provider's stock worth $7,600,000 after buying an additional 5,368 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Westamerica Bancorporation by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 139,430 shares of the financial services provider's stock valued at $7,314,000 after buying an additional 4,115 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 acquiring an additional 45,708 shares during the period. Institutional investors and hedge funds own 81.89% of the company's stock.

Westamerica Bancorporation Price Performance

Shares of Westamerica Bancorporation stock traded up $1.48 during trading on Thursday, hitting $51.62. 215,421 shares of the company's stock traded hands, compared to its average volume of 114,801. Westamerica Bancorporation has a twelve month low of $44.79 and a twelve month high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26. The company has a market cap of $1.38 billion, a PE ratio of 9.93 and a beta of 0.57. The firm's fifty day moving average price is $51.22 and its 200 day moving average price is $51.95.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, hitting 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 in the prior year, the business posted $1.48 EPS. Analysts forecast that Westamerica Bancorporation will post 4.35 earnings per share for the current year.

Westamerica Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Monday, February 3rd. Westamerica Bancorporation's dividend payout ratio is currently 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.