Swiss National Bank Buys 400 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Swiss National Bank lifted its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,500 shares of the financial services provider’s stock after purchasing an additional 400 shares during the period. Swiss National Bank owned 0.20% of Westamerica Bancorporation worth $2,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in Westamerica Bancorporation during the fourth quarter worth about $65,000. KBC Group NV raised its holdings 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 buying an additional 822 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Westamerica Bancorporation by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after buying an additional 268 shares during the last quarter. One Capital Management LLC bought a new stake in Westamerica Bancorporation during the 4th quarter valued at $210,000. Finally, Mutual of America Capital Management LLC bought a new position in Westamerica Bancorporation during the 4th quarter valued at approximately $212,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Trading Down 1.0 %

NASDAQ:WABC opened at $50.90 on Friday. Westamerica Bancorporation has a 12 month low of $45.11 and a 12 month high of $59.97. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 9.79 and a beta of 0.55. The company has a 50-day moving average price of $50.93 and a 200-day moving average price of $52.02. 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 issued 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 quarter in the previous year, the company posted $1.48 earnings per share. Equities analysts predict that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

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