Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in Westamerica Bancorporation (NASDAQ:WABC) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 118,199 shares of the financial services provider’s stock after selling 6,543 shares during the period. Sei Investments Co.’s holdings in Westamerica Bancorporation were worth $6,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation during the fourth quarter worth about $65,000. KBC Group NV grew its position in Westamerica Bancorporation by 71.4% in the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 822 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Westamerica Bancorporation by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 268 shares during the period. Gallacher Capital Management LLC bought a new stake in shares of Westamerica Bancorporation during the fourth quarter valued at approximately $205,000. Finally, One Capital Management LLC acquired a new position in shares of Westamerica Bancorporation during the fourth quarter worth approximately $210,000. 81.89% of the stock is currently owned by institutional investors.

Westamerica Bancorporation Stock Up 0.6 %

WABC opened at $50.63 on Tuesday. The stock’s 50 day moving average price is $50.85 and its 200 day moving average price is $52.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26. The stock has a market cap of $1.35 billion, a P/E ratio of 9.74 and a beta of 0.55. Westamerica Bancorporation has a 12 month low of $45.11 and a 12 month high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 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 quarter last year, the business earned $1.48 EPS. As a group, research analysts predict that Westamerica Bancorporation will post 4.35 earnings per share for the current year.

Westamerica Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.48%. Westamerica Bancorporation’s dividend payout ratio (DPR) 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.