Thrivent Financial for Lutherans Sells 11,315 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Thrivent Financial for Lutherans decreased its stake in Westamerica Bancorporation (NASDAQ:WABC) by 18.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,675 shares of the financial services provider’s stock after selling 11,315 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Westamerica Bancorporation were worth $2,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WABC. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Westamerica Bancorporation by 143.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,137 shares of the financial services provider’s stock worth $1,143,000 after buying an additional 13,633 shares in the last quarter. Intech Investment Management LLC grew its position in Westamerica Bancorporation by 2.8% during the 3rd quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 191 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 22,902 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Westamerica Bancorporation in the 3rd quarter worth about $848,000. Finally, FMR LLC raised its position in Westamerica Bancorporation by 27.3% in the third quarter. FMR LLC now owns 52,056 shares of the financial services provider’s stock valued at $2,573,000 after purchasing an additional 11,173 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Performance

Shares of WABC stock opened at $50.90 on Friday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.79 and a beta of 0.55. 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 business’s 50-day moving average price is $50.93 and its 200-day moving average price is $52.02. Westamerica Bancorporation has a 12 month low of $45.11 and a 12 month high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same quarter in the prior year, the firm posted $1.48 EPS. Equities research analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.46%. Westamerica Bancorporation’s dividend payout ratio is 33.85%.

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.