Savant Capital LLC Cuts Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Savant Capital LLC reduced its position in Westamerica Bancorporation (NASDAQ:WABC) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,907 shares of the financial services provider’s stock after selling 1,871 shares during the quarter. Savant Capital LLC’s holdings in Westamerica Bancorporation were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds 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 about $65,000. KBC Group NV increased its position in shares of 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 increased its position 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 last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Westamerica Bancorporation during the fourth quarter worth about $245,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Westamerica Bancorporation during the third quarter worth about $238,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

Westamerica Bancorporation Stock Up 0.3 %

Shares of NASDAQ WABC opened at $49.96 on Tuesday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 9.61 and a beta of 0.57. Westamerica Bancorporation has a 1 year low of $44.79 and a 1 year high of $59.97. The stock’s 50-day simple moving average is $52.03 and its 200-day simple moving average is $51.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 EPS 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 period in the prior year, the business earned $1.48 earnings per share. As a group, equities analysts anticipate 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. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.52%. Westamerica Bancorporation’s payout ratio is currently 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.