Sei Investments Co. Decreases Stock Position in Westamerica Bancorporation (NASDAQ:WABC)

Sei Investments Co. trimmed its stake in Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,199 shares of the financial services provider's stock after selling 6,543 shares during the period. Sei Investments Co. owned 0.44% of Westamerica Bancorporation worth $6,201,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC increased its position in Westamerica Bancorporation by 2.8% in the third quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider's stock worth $347,000 after buying an additional 191 shares in the last quarter. Martingale Asset Management L P increased its holdings in Westamerica Bancorporation by 0.7% in the 3rd quarter. Martingale Asset Management L P now owns 27,008 shares of the financial services provider's stock worth $1,335,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC raised its stake in Westamerica Bancorporation by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider's stock worth $114,000 after acquiring an additional 268 shares during the period. Swiss National Bank lifted its holdings in Westamerica Bancorporation by 0.8% during the fourth quarter. Swiss National Bank now owns 52,500 shares of the financial services provider's stock valued at $2,754,000 after purchasing an additional 400 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Westamerica Bancorporation by 71.4% in the fourth quarter. KBC Group NV now owns 1,974 shares of the financial services provider's stock worth $104,000 after purchasing an additional 822 shares during the period. 81.89% of the stock is owned by institutional investors.

Remove Ads

Westamerica Bancorporation Price Performance

Shares of NASDAQ WABC traded down $2.13 during midday trading on Thursday, reaching $48.00. The stock had a trading volume of 344,875 shares, compared to its average volume of 123,865. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. Westamerica Bancorporation has a 12-month low of $45.11 and a 12-month high of $59.97. The stock has a 50-day moving average of $50.77 and a 200-day moving average of $52.07. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 9.23 and a beta of 0.55.

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 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 period last year, the firm posted $1.48 earnings per share. As a group, research analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.67%. Westamerica Bancorporation's dividend payout ratio is presently 33.85%.

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.