AlphaQuest LLC Acquires 2,650 Shares of Westamerica Bancorporation (NASDAQ:WABC)

AlphaQuest LLC grew its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 16.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,094 shares of the financial services provider’s stock after acquiring an additional 2,650 shares during the period. AlphaQuest LLC owned about 0.07% of Westamerica Bancorporation worth $1,002,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WABC. Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at $65,000. KBC Group NV raised its stake in shares of Westamerica Bancorporation by 71.4% during the fourth quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 822 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Westamerica Bancorporation by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 268 shares during the last quarter. One Capital Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at $210,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at $212,000. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Price Performance

WABC stock opened at $49.44 on Tuesday. Westamerica Bancorporation has a 52-week low of $45.11 and a 52-week high of $59.97. 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 company has a fifty day moving average price of $50.99 and a 200-day moving average price of $52.05. The company has a market capitalization of $1.32 billion, a P/E ratio of 9.51 and a beta of 0.55.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings data 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 net margin of 44.55% and a return on equity of 16.15%. During the same quarter in the previous year, the firm earned $1.48 earnings per share. As a group, equities analysts expect that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, February 3rd. Westamerica Bancorporation’s dividend payout ratio (DPR) 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.