Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,823 shares of the financial services provider’s stock after selling 2,942 shares during the period. Jupiter Asset Management Ltd.’s holdings in Westamerica Bancorporation were worth $6,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at about $65,000. KBC Group NV increased its holdings 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 valued at $104,000 after purchasing an additional 822 shares during the period. GAMMA Investing LLC increased its holdings in shares of Westamerica Bancorporation by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 268 shares during the period. One Capital Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at about $210,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at about $212,000. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Stock Up 0.5 %

Shares of WABC stock opened at $50.01 on Friday. The stock’s 50-day simple moving average is $50.88 and its 200-day simple moving average is $52.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. The firm has a market capitalization of $1.34 billion, a PE ratio of 9.62 and a beta of 0.55. Westamerica Bancorporation has a fifty-two week low of $45.11 and a fifty-two week high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 earnings per share for the quarter, meeting 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 earned $1.48 EPS. Equities analysts expect that Westamerica Bancorporation will post 4.35 earnings per share for the current year.

Westamerica Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.52%. Westamerica Bancorporation’s payout ratio is 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.