EntryPoint Capital LLC Cuts Stock Position in Westamerica Bancorporation (NASDAQ:WABC)

EntryPoint Capital LLC trimmed its holdings in Westamerica Bancorporation (NASDAQ:WABC) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,388 shares of the financial services provider’s stock after selling 388 shares during the period. EntryPoint Capital LLC’s holdings in Westamerica Bancorporation were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WABC. Vanguard Group Inc. boosted its stake in Westamerica Bancorporation by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,505,495 shares of the financial services provider’s stock worth $183,898,000 after purchasing an additional 34,762 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Westamerica Bancorporation during the fourth quarter worth $273,000. Teacher Retirement System of Texas boosted its position in shares of Westamerica Bancorporation by 20.0% during the fourth quarter. Teacher Retirement System of Texas now owns 25,040 shares of the financial services provider’s stock worth $1,314,000 after acquiring an additional 4,176 shares during the last quarter. Gallacher Capital Management LLC purchased a new position in Westamerica Bancorporation during the fourth quarter valued at $205,000. Finally, Royce & Associates LP increased its holdings in Westamerica Bancorporation by 43.2% in the 4th quarter. Royce & Associates LP now owns 27,456 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 8,286 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Down 1.0 %

WABC opened at $50.90 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of 9.79 and a beta of 0.55. The firm has a 50-day simple moving average of $50.93 and a two-hundred day simple moving average of $52.02. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15. Westamerica Bancorporation has a 52 week low of $45.11 and a 52 week high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last announced 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 firm earned $1.48 earnings per share. Analysts forecast that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend 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.