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

Leeward Investments LLC MA trimmed its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned approximately 0.59% of Westamerica Bancorporation worth $8,307,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WABC. Assenagon Asset Management S.A. grew its position in Westamerica Bancorporation by 54.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 129,976 shares of the financial services provider’s stock valued at $6,423,000 after acquiring an additional 45,708 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Westamerica Bancorporation by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,459 shares of the financial services provider’s stock worth $4,026,000 after buying an additional 32,981 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 28,902 shares in the last quarter. Barclays PLC lifted its holdings in Westamerica Bancorporation by 103.8% during the 3rd quarter. Barclays PLC now owns 52,755 shares of the financial services provider’s stock worth $2,606,000 after buying an additional 26,871 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Westamerica Bancorporation by 7.4% during the 3rd 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. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock opened at $49.20 on Monday. Westamerica Bancorporation has a 52-week low of $44.79 and a 52-week high of $59.97. The firm has a market cap of $1.31 billion, a PE ratio of 9.46 and a beta of 0.57. 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 company’s 50 day moving average is $51.51 and its two-hundred day moving average is $51.95.

Westamerica Bancorporation (NASDAQ:WABC) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.19 EPS 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 business posted $1.48 earnings per share. On average, research analysts expect that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The company also recently announced 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 was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 3.58%. Westamerica Bancorporation’s dividend payout ratio (DPR) 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.