Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by RBO & Co. LLC

RBO & Co. LLC lowered its stake in Westamerica Bancorporation (NASDAQ:WABC) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,109 shares of the financial services provider’s stock after selling 192 shares during the period. Westamerica Bancorporation comprises 2.3% of RBO & Co. LLC’s investment portfolio, making the stock its 22nd biggest position. RBO & Co. LLC’s holdings in Westamerica Bancorporation were worth $14,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kimelman & Baird LLC purchased a new stake in shares of Westamerica Bancorporation during the second quarter worth approximately $36,000. GAMMA Investing LLC lifted its stake in Westamerica Bancorporation by 13.8% in the second quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 226 shares during the last quarter. CWM LLC grew its holdings in Westamerica Bancorporation by 16.4% during the 2nd quarter. CWM LLC now owns 3,649 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 514 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Westamerica Bancorporation by 5.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 221 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of Westamerica Bancorporation in the 2nd quarter valued at $256,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Down 1.1 %

WABC stock opened at $57.57 on Wednesday. The stock has a market cap of $1.54 billion, a P/E ratio of 10.49 and a beta of 0.54. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. Westamerica Bancorporation has a twelve month low of $43.82 and a twelve month high of $59.97. The company’s 50 day moving average is $52.07 and its two-hundred day moving average is $50.60.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings results 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. Research analysts expect that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a yield of 3.06%. Westamerica Bancorporation’s dividend payout ratio is presently 32.06%.

Analysts Set New Price Targets

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

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.