Raymond James Financial Inc. Acquires New Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Raymond James Financial Inc. bought a new position in Westamerica Bancorporation (NASDAQ:WABC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 69,510 shares of the financial services provider’s stock, valued at approximately $3,647,000.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC grew its holdings in shares of Westamerica Bancorporation by 2.8% during the third quarter. Intech Investment Management LLC now owns 7,024 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 191 shares in the last quarter. Martingale Asset Management L P lifted its position in Westamerica Bancorporation by 0.7% during the third quarter. Martingale Asset Management L P now owns 27,008 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC grew its stake in Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock worth $114,000 after buying an additional 268 shares in the last quarter. KBC Group NV increased its holdings in shares of Westamerica Bancorporation by 71.4% in the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock worth $104,000 after buying an additional 822 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Westamerica Bancorporation during the 4th quarter valued at $65,000. 81.89% of the stock is owned by institutional investors.

Westamerica Bancorporation Stock Down 1.0 %

Shares of NASDAQ:WABC opened at $50.90 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 9.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.27. Westamerica Bancorporation has a 52-week low of $45.11 and a 52-week high of $59.97. The firm has a fifty day moving average of $50.93 and a 200 day moving average of $52.02.

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

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, February 3rd. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 33.85%.

About Westamerica Bancorporation

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.