New Age Alpha Advisors LLC Takes $1.87 Million Position in Westamerica Bancorporation (NASDAQ:WABC)

New Age Alpha Advisors LLC purchased a new position in shares of Westamerica Bancorporation (NASDAQ:WABC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,554 shares of the financial services provider’s stock, valued at approximately $1,865,000. New Age Alpha Advisors LLC owned 0.13% of Westamerica Bancorporation at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WABC. Golden State Wealth Management LLC purchased a new stake in shares of Westamerica Bancorporation during the fourth quarter worth about $65,000. KBC Group NV increased its holdings in Westamerica Bancorporation by 71.4% during the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 822 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 268 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in shares of Westamerica Bancorporation during the 4th quarter valued at approximately $205,000. Finally, One Capital Management LLC acquired a new stake in shares of Westamerica Bancorporation during the fourth quarter worth approximately $210,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Shares of WABC stock opened at $50.35 on Monday. The firm has a fifty day moving average of $50.89 and a two-hundred day moving average of $52.07. The firm has a market cap of $1.35 billion, a P/E ratio of 9.68 and a beta of 0.55. Westamerica Bancorporation has a 1-year low of $45.11 and a 1-year high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.27 and a quick ratio of 0.26.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 EPS for the quarter, hitting 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 period in the prior year, the business earned $1.48 earnings per share. As a group, research analysts anticipate that Westamerica Bancorporation will post 4.35 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.50%. Westamerica Bancorporation’s dividend payout ratio (DPR) is 33.85%.

Westamerica Bancorporation Company 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.