Victory Capital Management Inc. Cuts Stock Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Victory Capital Management Inc. reduced its position in Westamerica Bancorporation (NASDAQ:WABC) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,715 shares of the financial services provider’s stock after selling 713 shares during the period. Victory Capital Management Inc. owned about 0.13% of Westamerica Bancorporation worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Westamerica Bancorporation in the fourth quarter valued at $65,000. KBC Group NV grew its position in shares of Westamerica Bancorporation by 71.4% during the 4th 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 period. GAMMA Investing LLC increased its stake in shares of Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 268 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in Westamerica Bancorporation in the 4th quarter worth about $212,000. Finally, Glenmede Trust Co. NA purchased a new position in Westamerica Bancorporation during the third quarter worth approximately $238,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

Westamerica Bancorporation Stock Down 0.6 %

Shares of WABC opened at $51.17 on Tuesday. The firm has a market cap of $1.37 billion, a P/E ratio of 9.84 and a beta of 0.55. Westamerica Bancorporation has a 12 month low of $45.11 and a 12 month high of $59.97. The stock’s 50 day moving average is $50.83 and its two-hundred day moving average is $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 released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same period in the previous year, the company posted $1.48 EPS. Analysts predict that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.44%. Westamerica Bancorporation’s dividend payout ratio is currently 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.