Raymond James Financial Inc. Makes New Investment in Westamerica Bancorporation (NASDAQ:WABC)

Raymond James Financial Inc. bought a new stake in Westamerica Bancorporation (NASDAQ:WABC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,510 shares of the financial services provider’s stock, valued at approximately $3,647,000. Raymond James Financial Inc. owned about 0.26% of Westamerica Bancorporation as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Westamerica Bancorporation during the fourth quarter valued at $65,000. KBC Group NV grew its stake 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 worth $104,000 after acquiring an additional 822 shares during the period. GAMMA Investing LLC increased its holdings in Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 268 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in Westamerica Bancorporation in the 4th quarter worth about $212,000. Finally, Glenmede Trust Co. NA bought a new stake in Westamerica Bancorporation in the 3rd quarter valued at about $238,000. 81.89% of the stock is owned by institutional investors.

Westamerica Bancorporation Price Performance

Shares of NASDAQ:WABC opened at $50.90 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 9.79 and a beta of 0.55. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $50.93 and a two-hundred day moving average price of $52.02. Westamerica Bancorporation has a twelve month low of $45.11 and a twelve month high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 EPS 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 period in the prior year, the firm posted $1.48 earnings per share. Equities analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.46%. Westamerica Bancorporation’s payout ratio is 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.