Mraz Amerine & Associates Inc. trimmed its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,233 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Westamerica Bancorporation makes up approximately 1.1% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 12th largest position. Mraz Amerine & Associates Inc. owned 0.23% of Westamerica Bancorporation worth $3,773,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of WABC. Norges Bank bought a new stake in Westamerica Bancorporation during the 4th quarter valued at approximately $3,243,000. Geode Capital Management LLC boosted its position in Westamerica Bancorporation by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 310,837 shares of the financial services provider’s stock valued at $17,307,000 after acquiring an additional 28,005 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Westamerica Bancorporation by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 742,424 shares of the financial services provider’s stock valued at $41,339,000 after acquiring an additional 19,762 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Westamerica Bancorporation by 198.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,594 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 10,364 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Westamerica Bancorporation by 38.5% during the second quarter. First Trust Advisors LP now owns 32,185 shares of the financial services provider’s stock valued at $1,983,000 after purchasing an additional 8,945 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Maxim Group reiterated a “hold” rating on shares of Westamerica Bancorporation in a report on Friday, July 19th.
Shares of WABC stock traded up $1.44 during trading hours on Friday, hitting $61.97. 60,800 shares of the company’s stock traded hands, compared to its average volume of 97,421. The stock’s fifty day simple moving average is $61.92 and its two-hundred day simple moving average is $62.27. Westamerica Bancorporation has a 12-month low of $52.05 and a 12-month high of $65.39. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 21.49 and a beta of 0.97.
Westamerica Bancorporation (NASDAQ:WABC) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Westamerica Bancorporation had a net margin of 37.08% and a return on equity of 11.78%. The firm had revenue of $51.43 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.65%.
About Westamerica Bancorporation
Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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