Westamerica Bancorporation $WABC Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in Westamerica Bancorporation (NASDAQ:WABC) by 38.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,188 shares of the financial services provider’s stock after selling 17,877 shares during the quarter. WINTON GROUP Ltd owned approximately 0.11% of Westamerica Bancorporation worth $1,414,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WABC. EverSource Wealth Advisors LLC lifted its holdings in Westamerica Bancorporation by 354.3% in the second quarter. EverSource Wealth Advisors LLC now owns 854 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 666 shares during the period. MAI Capital Management increased its holdings in shares of Westamerica Bancorporation by 126.1% during the 2nd quarter. MAI Capital Management now owns 866 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 483 shares in the last quarter. Strs Ohio acquired a new position in shares of Westamerica Bancorporation in the 1st quarter valued at $96,000. Jones Financial Companies Lllp purchased a new stake in Westamerica Bancorporation during the first quarter worth $99,000. Finally, Quantbot Technologies LP acquired a new stake in Westamerica Bancorporation during the second quarter valued at $144,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

Westamerica Bancorporation Trading Down 1.8%

Shares of Westamerica Bancorporation stock opened at $47.30 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.14. Westamerica Bancorporation has a twelve month low of $42.00 and a twelve month high of $57.65. The firm has a market capitalization of $1.18 billion, a PE ratio of 10.31 and a beta of 0.61. The firm’s 50-day moving average price is $47.61 and its 200 day moving average price is $48.54.

Westamerica Bancorporation (NASDAQ:WABC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The business had revenue of $63.20 million during the quarter, compared to analysts’ expectations of $64.20 million. Westamerica Bancorporation had a return on equity of 13.10% and a net margin of 43.19%. On average, sell-side analysts predict that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. Westamerica Bancorporation’s dividend payout ratio is presently 40.09%.

Analyst Upgrades and Downgrades

WABC has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Westamerica Bancorporation in a research note on Wednesday, October 8th. Wall Street Zen cut Westamerica Bancorporation from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.00.

About Westamerica Bancorporation

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.