Westamerica Bancorporation (NASDAQ:WABC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Westamerica Bancorporation (NASDAQ:WABC) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,024 shares of the financial services provider’s stock after purchasing an additional 191 shares during the quarter. Intech Investment Management LLC’s holdings in Westamerica Bancorporation were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Westamerica Bancorporation by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC increased its position in Westamerica Bancorporation by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 226 shares in the last quarter. Algert Global LLC increased its position in Westamerica Bancorporation by 0.5% during the 2nd quarter. Algert Global LLC now owns 64,365 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 304 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Westamerica Bancorporation by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,948 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 318 shares during the period. Finally, CWM LLC boosted its holdings in Westamerica Bancorporation by 16.4% in the 2nd quarter. CWM LLC now owns 3,649 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, October 17th.

Westamerica Bancorporation Stock Performance

Westamerica Bancorporation stock opened at $56.12 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.50 billion, a P/E ratio of 10.23 and a beta of 0.57. Westamerica Bancorporation has a 52 week low of $43.82 and a 52 week high of $59.97. The stock has a 50 day moving average of $52.73 and a 200-day moving average of $50.87.

Westamerica Bancorporation (NASDAQ:WABC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. The firm had revenue of $74.07 million for the quarter, compared to analyst estimates of $72.74 million. On average, analysts expect that Westamerica Bancorporation will post 5.17 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation’s dividend payout ratio (DPR) is 32.06%.

Westamerica Bancorporation 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.