Westamerica Bancorporation (NASDAQ:WABC) Shares Purchased by Cwm LLC

Cwm LLC lifted its position in Westamerica Bancorporation (NASDAQ:WABC) by 43.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,250 shares of the financial services provider’s stock after acquiring an additional 1,601 shares during the quarter. Cwm LLC’s holdings in Westamerica Bancorporation were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Kimelman & Baird LLC acquired a new position in Westamerica Bancorporation during the second quarter worth $36,000. EntryPoint Capital LLC acquired a new position in Westamerica Bancorporation during the first quarter worth $75,000. GAMMA Investing LLC raised its position in Westamerica Bancorporation by 13.8% during the second quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 226 shares during the period. SG Americas Securities LLC acquired a new position in Westamerica Bancorporation during the first quarter worth $113,000. Finally, SageView Advisory Group LLC acquired a new position in Westamerica Bancorporation during the first quarter worth $140,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Westamerica Bancorporation stock opened at $51.71 on Wednesday. Westamerica Bancorporation has a 52-week low of $43.82 and a 52-week high of $58.49. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 8.73 and a beta of 0.55. The company has a fifty day simple moving average of $49.84 and a 200-day simple moving average of $49.36. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

Westamerica Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, August 5th. Westamerica Bancorporation’s payout ratio is 29.73%.

Analysts Set New Price Targets

A number of research firms have weighed in on WABC. StockNews.com upgraded shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Maxim Group lowered shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Piper Sandler upped their target price on shares of Westamerica Bancorporation from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $57.00.

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.