Corebridge Financial Inc. Has $719,000 Stock Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Corebridge Financial Inc. reduced its stake in Westamerica Bancorporation (NASDAQ:WABC) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,710 shares of the financial services provider’s stock after selling 1,072 shares during the period. Corebridge Financial Inc. owned 0.05% of Westamerica Bancorporation worth $719,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Westamerica Bancorporation during the 4th quarter worth about $65,000. KBC Group NV lifted 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 worth $104,000 after acquiring an additional 822 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $114,000 after acquiring an additional 268 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at approximately $205,000. Finally, One Capital Management LLC acquired a new position in shares of Westamerica Bancorporation in the fourth quarter valued at approximately $210,000. 81.89% of the stock is owned by institutional investors.

Westamerica Bancorporation Price Performance

Shares of NASDAQ WABC opened at $45.39 on Monday. The business’s 50 day moving average is $50.57 and its 200-day moving average is $52.02. The firm has a market cap of $1.21 billion, a P/E ratio of 8.73 and a beta of 0.63. Westamerica Bancorporation has a 1-year low of $44.51 and a 1-year high of $59.97. 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 posted 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 in the prior year, the company earned $1.48 earnings per share. Equities research analysts predict that Westamerica Bancorporation will post 4.35 earnings per share for the current year.

Westamerica Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Monday, February 3rd. Westamerica Bancorporation’s dividend payout ratio is currently 33.85%.

About Westamerica Bancorporation

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.