Bank of New York Mellon Corp Decreases Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Bank of New York Mellon Corp decreased its position in Westamerica Bancorporation (NASDAQ:WABC) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,633 shares of the financial services provider’s stock after selling 17,498 shares during the quarter. Bank of New York Mellon Corp owned 0.93% of Westamerica Bancorporation worth $12,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC lifted its holdings in shares of Westamerica Bancorporation by 2.8% in the 3rd quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 191 shares during the last quarter. Martingale Asset Management L P lifted its stake in Westamerica Bancorporation by 0.7% in the third quarter. Martingale Asset Management L P now owns 27,008 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $114,000 after purchasing an additional 268 shares during the last quarter. KBC Group NV boosted its position in 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 buying an additional 822 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Trading Up 0.2 %

NASDAQ WABC opened at $49.74 on Thursday. The firm has a market cap of $1.33 billion, a PE ratio of 9.57 and a beta of 0.55. Westamerica Bancorporation has a 1-year low of $45.11 and a 1-year high of $59.97. The stock has a 50-day moving average of $50.88 and a 200-day moving average of $52.01. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 EPS 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 period in the previous year, the company posted $1.48 EPS. As a group, sell-side analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.54%. Westamerica Bancorporation’s payout ratio is presently 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.