Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,351 shares of the financial services provider’s stock after selling 11,792 shares during the period. Leeward Investments LLC MA’s holdings in Westamerica Bancorporation were worth $8,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC acquired a new position in shares of Westamerica Bancorporation in the 4th quarter valued at $370,000. New York State Common Retirement Fund increased its position in shares of Westamerica Bancorporation by 3.0% during the fourth quarter. New York State Common Retirement Fund now owns 139,430 shares of the financial services provider’s stock worth $7,314,000 after purchasing an additional 4,115 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of 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 purchasing an additional 5,368 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Westamerica Bancorporation by 182.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 20,249 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 13,092 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Westamerica Bancorporation during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Down 1.7 %

WABC opened at $49.20 on Monday. 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 stock has a market capitalization of $1.31 billion, a P/E ratio of 9.46 and a beta of 0.57. The business’s 50-day simple moving average is $51.51 and its 200-day simple moving average is $51.95. Westamerica Bancorporation has a one year low of $44.79 and a one year high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last announced its 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 net margin of 44.55% and a return on equity of 16.15%. During the same quarter last year, the firm earned $1.48 EPS. Analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.58%. Westamerica Bancorporation’s payout ratio is 33.85%.

About Westamerica Bancorporation

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.