3,901 Shares in Westamerica Bancorporation (NASDAQ:WABC) Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new stake in Westamerica Bancorporation (NASDAQ:WABC) during the 4th quarter, Holdings Channel reports. The fund acquired 3,901 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WABC. Royce & Associates LP boosted its stake in shares of Westamerica Bancorporation by 43.2% in the 4th quarter. Royce & Associates LP now owns 27,456 shares of the financial services provider’s stock valued at $1,440,000 after purchasing an additional 8,286 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Westamerica Bancorporation by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 37,366 shares of the financial services provider’s stock valued at $1,960,000 after buying an additional 1,940 shares in the last quarter. Swiss National Bank grew its stake in shares of Westamerica Bancorporation by 0.8% during the fourth quarter. Swiss National Bank now owns 52,500 shares of the financial services provider’s stock worth $2,754,000 after buying an additional 400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Westamerica Bancorporation by 64.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,114 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 14,977 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Westamerica Bancorporation by 16.1% in the 4th quarter. AlphaQuest LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,002,000 after acquiring an additional 2,650 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Trading Up 2.9 %

Shares of WABC stock opened at $51.47 on Monday. Westamerica Bancorporation has a twelve month low of $45.11 and a twelve month high of $59.97. The stock’s fifty day simple moving average is $50.84 and its 200 day simple moving average is $52.01. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.37 billion, a P/E ratio of 9.90 and a beta of 0.55.

Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share for the quarter, hitting the consensus estimate of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same quarter in the previous year, the company earned $1.48 EPS. As a group, sell-side analysts predict that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Monday, February 3rd. Westamerica Bancorporation’s payout ratio is currently 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.