Yousif Capital Management LLC Reduces Stock Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Yousif Capital Management LLC decreased its holdings in Westamerica Bancorporation (NASDAQ:WABC) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,096 shares of the financial services provider’s stock after selling 238 shares during the quarter. Yousif Capital Management LLC’s holdings in Westamerica Bancorporation were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WABC. Assenagon Asset Management S.A. lifted its stake in Westamerica Bancorporation by 54.2% in 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 acquiring an additional 45,708 shares during the period. JPMorgan Chase & Co. lifted its position in Westamerica Bancorporation by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 81,459 shares of the financial services provider’s stock valued at $4,026,000 after buying an additional 32,981 shares during the period. Geode Capital Management LLC lifted its position in Westamerica Bancorporation by 4.1% during the third quarter. Geode Capital Management LLC now owns 735,439 shares of the financial services provider’s stock valued at $36,352,000 after buying an additional 28,902 shares during the period. Barclays PLC lifted its position in Westamerica Bancorporation by 103.8% during the third quarter. Barclays PLC now owns 52,755 shares of the financial services provider’s stock valued at $2,606,000 after buying an additional 26,871 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Westamerica Bancorporation by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 334,297 shares of the financial services provider’s stock valued at $16,521,000 after buying an additional 22,902 shares during the period. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Performance

Shares of Westamerica Bancorporation stock opened at $49.96 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.61 and a beta of 0.57. The business has a fifty day simple moving average of $52.17 and a two-hundred day simple moving average of $51.94. Westamerica Bancorporation has a 12 month low of $44.79 and a 12 month high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same quarter last year, the company earned $1.48 earnings per share. On average, equities analysts forecast that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 3.52%. 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.