4,438 Shares in Westamerica Bancorporation (NASDAQ:WABC) Bought by Inceptionr LLC

Inceptionr LLC acquired a new position in shares of Westamerica Bancorporation (NASDAQ:WABC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 4,438 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other large investors have also recently added to or reduced their stakes in WABC. Raymond James Financial Inc. bought a new position in Westamerica Bancorporation during the fourth quarter worth $3,647,000. JPMorgan Chase & Co. lifted its stake 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 worth $4,026,000 after purchasing an additional 32,981 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 worth $36,352,000 after purchasing an additional 28,902 shares during the last quarter. Barclays PLC lifted its stake in Westamerica Bancorporation by 103.8% during the third quarter. Barclays PLC now owns 52,755 shares of the financial services provider’s stock worth $2,606,000 after purchasing an additional 26,871 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Westamerica Bancorporation by 7.4% in 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 last quarter. 81.89% of the stock is currently owned by institutional investors.

Westamerica Bancorporation Stock Performance

WABC stock opened at $49.44 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.51 and a beta of 0.55. Westamerica Bancorporation has a 1 year low of $45.11 and a 1 year high of $59.97. The stock’s fifty day moving average is $50.99 and its two-hundred day moving average is $52.05.

Westamerica Bancorporation (NASDAQ:WABC) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, meeting 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 period in the previous year, the business earned $1.48 EPS. On average, research analysts predict that Westamerica Bancorporation will post 4.35 EPS for the current 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 paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, February 3rd. 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.