Corebridge Financial Inc. Has $719,000 Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Corebridge Financial Inc. decreased its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 7.3% in the 4th quarter, HoldingsChannel reports. The firm owned 13,710 shares of the financial services provider’s stock after selling 1,072 shares during the quarter. Corebridge Financial Inc.’s holdings in Westamerica Bancorporation were worth $719,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Westamerica Bancorporation by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,505,495 shares of the financial services provider’s stock worth $183,898,000 after acquiring an additional 34,762 shares during the period. Geode Capital Management LLC raised 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 purchasing an additional 28,902 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $16,521,000 after purchasing an additional 22,902 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Westamerica Bancorporation by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 144,864 shares of the financial services provider’s stock valued at $7,600,000 after purchasing an additional 5,368 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Westamerica Bancorporation by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 139,430 shares of the financial services provider’s stock valued at $7,314,000 after purchasing an additional 4,115 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock opened at $45.39 on Monday. The stock has a fifty day moving average of $50.57 and a 200-day moving average of $52.02. The stock has a market capitalization of $1.21 billion, a P/E ratio of 8.73 and a beta of 0.63. 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 has a 52 week low of $44.51 and a 52 week 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 analysts’ consensus estimates of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same period in the previous year, the company earned $1.48 earnings per share. On average, sell-side analysts expect 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 given 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 3.88%. Westamerica Bancorporation’s dividend payout ratio is currently 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.