Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its position in Westamerica Bancorporation (NASDAQ:WABC – Get Rating) by 18.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,922 shares of the financial services provider’s stock after selling 1,090 shares during the period. Tower Research Capital LLC TRC’s holdings in Westamerica Bancorporation were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in Westamerica Bancorporation in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. increased its holdings in shares of Westamerica Bancorporation by 2,776.5% in the second quarter. Meeder Asset Management Inc. now owns 489 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 472 shares during the period. Nisa Investment Advisors LLC acquired a new position in Westamerica Bancorporation during the second quarter worth $29,000. Bessemer Group Inc. purchased a new stake in Westamerica Bancorporation during the third quarter worth $44,000. Finally, Captrust Financial Advisors boosted its position in Westamerica Bancorporation by 123.9% during the first quarter. Captrust Financial Advisors now owns 1,547 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 856 shares in the last quarter. 76.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Westamerica Bancorporation from a “hold” rating to a “sell” rating in a research report on Friday.

Westamerica Bancorporation Trading Up 1.2 %

NASDAQ WABC opened at $55.35 on Friday. The business’s 50-day moving average price is $56.58 and its 200 day moving average price is $57.45. Westamerica Bancorporation has a twelve month low of $52.04 and a twelve month high of $63.86. The company has a market capitalization of $1.49 billion, a PE ratio of 12.22 and a beta of 0.64.

Westamerica Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Monday, February 6th were given a dividend of $0.42 per share. The ex-dividend date was Friday, February 3rd. This represents a $1.68 annualized dividend and a yield of 3.04%. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 37.09%.

About Westamerica Bancorporation

(Get Rating)

Westamerica Bancorporation operates as a bank holding company. It provides range of banking services to individual and corporate customers in Northern and Central California. It offers loans and lines of credit, online services, mobile banking, checking, savings, credit cards, cash management, overdraft services, merchant services, professional banking, bank owned property, preventing business loans, payroll services, and trust services.