Westamerica Bancorporation (WABC) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Westamerica Bancorporation (NASDAQ:WABC) by 10.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,767 shares of the financial services provider’s stock after buying an additional 5,952 shares during the period. Wells Fargo & Company MN owned approximately 0.25% of Westamerica Bancorporation worth $3,857,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Amalgamated Bank purchased a new position in shares of Westamerica Bancorporation during the 3rd quarter worth about $204,000. Wealthsource Partners LLC purchased a new position in shares of Westamerica Bancorporation during the 2nd quarter worth about $208,000. Crossmark Global Holdings Inc. purchased a new position in shares of Westamerica Bancorporation during the 3rd quarter worth about $305,000. Piedmont Investment Advisors LLC purchased a new position in shares of Westamerica Bancorporation during the 2nd quarter worth about $319,000. Finally, Suntrust Banks Inc. boosted its stake in shares of Westamerica Bancorporation by 2.7% during the 2nd quarter. Suntrust Banks Inc. now owns 5,916 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 158 shares during the period. 85.95% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. BidaskClub cut shares of Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Sandler O’Neill reiterated a “sell” rating and set a $54.00 price objective on shares of Westamerica Bancorporation in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price objective on shares of Westamerica Bancorporation in a report on Friday, December 22nd.

In related news, CFO John A. Thorson sold 12,468 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $58.80, for a total transaction of $733,118.40. Following the completion of the transaction, the chief financial officer now owns 12,468 shares in the company, valued at approximately $733,118.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James J. Schneck sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $58.86, for a total transaction of $353,160.00. Following the transaction, the vice president now owns 6,025 shares of the company’s stock, valued at approximately $354,631.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,868 shares of company stock valued at $3,340,734. Company insiders own 4.90% of the company’s stock.

Shares of Westamerica Bancorporation (NASDAQ WABC) opened at $60.14 on Tuesday. Westamerica Bancorporation has a twelve month low of $49.38 and a twelve month high of $64.26. The firm has a market cap of $1,584.42, a PE ratio of 26.15 and a beta of 1.07.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Westamerica Bancorporation had a net margin of 33.38% and a return on equity of 10.28%. The business had revenue of $45.22 million during the quarter.

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Westamerica Bancorporation Company Profile

Westamerica Bancorporation is a bank holding company. The Company provides a range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank, Westamerica Bank. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south.

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

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