Westamerica Bancorporation (NASDAQ:WABC) Stock Holdings Reduced by First Republic Investment Management Inc.

First Republic Investment Management Inc. reduced its position in Westamerica Bancorporation (NASDAQ:WABCGet Rating) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,874 shares of the financial services provider’s stock after selling 1,320 shares during the period. First Republic Investment Management Inc. owned about 0.05% of Westamerica Bancorporation worth $801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC grew its stake in shares of Westamerica Bancorporation by 62.0% in the 4th quarter. ProShare Advisors LLC now owns 6,533 shares of the financial services provider’s stock valued at $378,000 after buying an additional 2,500 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Westamerica Bancorporation by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 11,430 shares of the financial services provider’s stock valued at $660,000 after acquiring an additional 959 shares during the last quarter. American Century Companies Inc. grew its position in Westamerica Bancorporation by 1.1% in the fourth quarter. American Century Companies Inc. now owns 1,468,884 shares of the financial services provider’s stock worth $84,799,000 after acquiring an additional 16,655 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Westamerica Bancorporation during the 4th quarter worth $255,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Westamerica Bancorporation by 21.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,570 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 1,491 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

NASDAQ:WABC opened at $57.43 on Friday. Westamerica Bancorporation has a 1 year low of $53.24 and a 1 year high of $64.55. The firm’s fifty day simple moving average is $59.92 and its 200 day simple moving average is $58.55. The firm has a market capitalization of $1.54 billion, a PE ratio of 17.35 and a beta of 0.57.

Westamerica Bancorporation (NASDAQ:WABCGet Rating) last released its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $54.86 million during the quarter, compared to analysts’ expectations of $53.27 million. Westamerica Bancorporation had a net margin of 40.51% and a return on equity of 11.09%. During the same period in the prior year, the company earned $0.75 earnings per share. Equities analysts anticipate that Westamerica Bancorporation will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Monday, May 9th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $1.68 annualized dividend and a yield of 2.93%. Westamerica Bancorporation’s payout ratio is 50.76%.

Several equities analysts have commented on WABC shares. StockNews.com assumed coverage on shares of Westamerica Bancorporation in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Maxim Group reiterated a “buy” rating and set a $75.00 price target on shares of Westamerica Bancorporation in a research note on Friday, April 22nd. Finally, Zacks Investment Research raised Westamerica Bancorporation from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, April 27th.

Westamerica Bancorporation Company Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Westamerica Bancorporation (NASDAQ:WABC)

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