Victory Capital Management Inc. Decreases Stock Position in Westamerica Bancorporation (NASDAQ:WABC)

Victory Capital Management Inc. trimmed its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,715 shares of the financial services provider’s stock after selling 713 shares during the quarter. Victory Capital Management Inc.’s holdings in Westamerica Bancorporation were worth $1,769,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in WABC. Mutual of America Capital Management LLC acquired a new stake in Westamerica Bancorporation during the 4th quarter worth $212,000. Ieq Capital LLC purchased a new position in shares of Westamerica Bancorporation in the fourth quarter worth about $370,000. New York State Common Retirement Fund boosted its position in Westamerica Bancorporation by 3.0% during the fourth quarter. New York State Common Retirement Fund now owns 139,430 shares of the financial services provider’s stock worth $7,314,000 after acquiring an additional 4,115 shares during the last quarter. Principal Financial Group Inc. grew its stake in Westamerica Bancorporation by 3.8% during 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 acquiring an additional 5,368 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Westamerica Bancorporation by 182.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 20,249 shares of the financial services provider’s stock valued at $1,062,000 after acquiring an additional 13,092 shares during the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

Westamerica Bancorporation Trading Down 0.6 %

WABC opened at $51.17 on Tuesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.84 and a beta of 0.55. The company’s 50 day simple moving average is $50.83 and its two-hundred day simple moving average is $52.01. Westamerica Bancorporation has a 1-year low of $45.11 and a 1-year high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26.

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, hitting analysts’ consensus estimates of $1.19. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. During the same quarter in the prior year, the business earned $1.48 EPS. Analysts expect that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.44%. 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.