Westamerica Bancorporation (NASDAQ:WABC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in shares of Westamerica Bancorporation (NASDAQ:WABC) by 42.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,573 shares of the financial services provider’s stock after selling 5,546 shares during the period. Franklin Resources Inc.’s holdings in Westamerica Bancorporation were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WABC. Jane Street Group LLC grew its stake in shares of Westamerica Bancorporation by 20.6% during the 3rd quarter. Jane Street Group LLC now owns 42,717 shares of the financial services provider’s stock worth $2,111,000 after purchasing an additional 7,285 shares during the period. Barclays PLC lifted its stake in shares of Westamerica Bancorporation by 103.8% in the 3rd quarter. Barclays PLC now owns 52,755 shares of the financial services provider’s stock valued at $2,606,000 after purchasing an additional 26,871 shares during the period. Geode Capital Management LLC boosted its holdings in Westamerica Bancorporation by 4.1% during the third quarter. Geode Capital Management LLC now owns 735,439 shares of the financial services provider’s stock worth $36,352,000 after buying an additional 28,902 shares in the last quarter. JPMorgan Chase & Co. grew its position in Westamerica Bancorporation by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 81,459 shares of the financial services provider’s stock valued at $4,026,000 after buying an additional 32,981 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Westamerica Bancorporation by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after buying an additional 268 shares in the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

Westamerica Bancorporation Trading Up 0.8 %

WABC stock opened at $45.97 on Friday. Westamerica Bancorporation has a 52-week low of $42.00 and a 52-week high of $59.97. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.23 billion, a P/E ratio of 8.84 and a beta of 0.63. The company’s 50-day simple moving average is $49.17 and its 200-day simple moving average is $51.62.

Westamerica Bancorporation (NASDAQ:WABC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Westamerica Bancorporation had a return on equity of 16.15% and a net margin of 44.55%. The company had revenue of $66.71 million for the quarter, compared to the consensus estimate of $66.47 million. As a group, equities analysts forecast that Westamerica Bancorporation will post 4.35 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.83%. Westamerica Bancorporation’s dividend payout ratio is currently 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.