Allspring Global Investments Holdings LLC Buys 13,092 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Allspring Global Investments Holdings LLC raised its holdings in Westamerica Bancorporation (NASDAQ:WABC) by 182.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,249 shares of the financial services provider’s stock after acquiring an additional 13,092 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Westamerica Bancorporation were worth $1,062,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Westamerica Bancorporation in the 4th quarter worth approximately $65,000. KBC Group NV boosted 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 valued at $104,000 after purchasing an additional 822 shares in the last quarter. GAMMA Investing LLC raised its stake in Westamerica Bancorporation by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after buying an additional 268 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Westamerica Bancorporation in the third quarter worth $238,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Westamerica Bancorporation in the fourth quarter worth $245,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

Westamerica Bancorporation Stock Down 1.7 %

Shares of WABC stock opened at $49.20 on Monday. The company has a 50 day simple moving average of $51.51 and a two-hundred day simple moving average of $51.95. The stock has a market cap of $1.31 billion, a P/E ratio of 9.46 and a beta of 0.57. Westamerica Bancorporation has a 12 month low of $44.79 and a 12 month high of $59.97. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly 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 period in the previous year, the company posted $1.48 EPS. On average, research analysts expect that Westamerica Bancorporation will post 4.35 earnings per share for the current year.

Westamerica Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 3.58%. Westamerica Bancorporation’s payout ratio is 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.