Westamerica Bancorporation (NASDAQ:WABC) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in shares of Westamerica Bancorporation (NASDAQ:WABCFree Report) by 103.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,755 shares of the financial services provider’s stock after buying an additional 26,871 shares during the quarter. Barclays PLC owned about 0.20% of Westamerica Bancorporation worth $2,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Westamerica Bancorporation by 11.7% during the 2nd quarter. American Century Companies Inc. now owns 1,904,399 shares of the financial services provider’s stock worth $92,421,000 after acquiring an additional 199,721 shares during the period. Assenagon Asset Management S.A. raised its stake in Westamerica Bancorporation by 54.2% during the third quarter. Assenagon Asset Management S.A. now owns 129,976 shares of the financial services provider’s stock worth $6,423,000 after purchasing an additional 45,708 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Westamerica Bancorporation by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,398 shares of the financial services provider’s stock valued at $41,801,000 after buying an additional 41,841 shares during the period. Stieven Capital Advisors L.P. grew its stake in shares of Westamerica Bancorporation by 46.8% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 112,717 shares of the financial services provider’s stock valued at $5,470,000 after buying an additional 35,912 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Westamerica Bancorporation by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider’s stock worth $16,521,000 after buying an additional 22,902 shares during the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.

Westamerica Bancorporation Trading Up 0.4 %

NASDAQ WABC opened at $52.54 on Wednesday. Westamerica Bancorporation has a 12 month low of $43.82 and a 12 month high of $59.97. The stock has a market capitalization of $1.40 billion, a P/E ratio of 9.57 and a beta of 0.57. The firm’s 50-day moving average is $54.82 and its two-hundred day moving average is $51.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26.

Westamerica Bancorporation (NASDAQ:WABCGet Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. The firm had revenue of $74.07 million for the quarter, compared to analyst estimates of $72.74 million. On average, sell-side analysts anticipate that Westamerica Bancorporation will post 5.17 earnings per share for the current year.

Westamerica Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.44 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.35%. Westamerica Bancorporation’s payout ratio is presently 32.06%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

Get Our Latest Analysis on Westamerica Bancorporation

Westamerica Bancorporation Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Westamerica Bancorporation (NASDAQ:WABC)

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