Allspring Global Investments Holdings LLC Purchases 13,092 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Allspring Global Investments Holdings LLC grew its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 182.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,249 shares of the financial services provider’s stock after buying an additional 13,092 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Westamerica Bancorporation worth $1,062,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation in the fourth quarter worth $65,000. KBC Group NV boosted its holdings in Westamerica Bancorporation by 71.4% in 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 boosted its holdings in Westamerica Bancorporation by 14.1% in 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. Glenmede Trust Co. NA bought a new stake in Westamerica Bancorporation in the third quarter valued at approximately $238,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Westamerica Bancorporation in the fourth quarter valued at approximately $245,000. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Price Performance

Shares of WABC 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. The business’s 50 day moving average price is $51.51 and its two-hundred day moving average price is $51.95. The firm has a market cap of $1.31 billion, a PE ratio of 9.46 and a beta of 0.57.

Westamerica Bancorporation (NASDAQ:WABC) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same quarter last year, the business earned $1.48 EPS. On average, equities analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

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

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.