Quest Partners LLC Has $813,000 Stock Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Quest Partners LLC boosted its stake in Westamerica Bancorporation (NASDAQ:WABC) by 136,933.3% during the third quarter, Holdings Channel reports. The institutional investor owned 16,444 shares of the financial services provider’s stock after buying an additional 16,432 shares during the period. Quest Partners LLC’s holdings in Westamerica Bancorporation were worth $813,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its holdings in Westamerica Bancorporation by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider’s stock valued at $650,000 after buying an additional 200 shares during the period. O Shaughnessy Asset Management LLC raised its position in Westamerica Bancorporation by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC raised its stake 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 in the last quarter. Algert Global LLC lifted its holdings in shares of Westamerica Bancorporation by 0.5% in the second quarter. Algert Global LLC now owns 64,365 shares of the financial services provider’s stock worth $3,124,000 after acquiring an additional 304 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Westamerica Bancorporation by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,948 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 318 shares during the last quarter. 81.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Westamerica Bancorporation Trading Up 1.7 %

WABC opened at $56.63 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50-day moving average is $51.76 and its 200 day moving average is $50.47. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.33. The firm has a market capitalization of $1.51 billion, a PE ratio of 10.31 and a beta of 0.54.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. The business had revenue of $74.07 million for the quarter, compared to analyst estimates of $72.74 million. As a group, research analysts predict that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation’s dividend payout ratio (DPR) is presently 32.06%.

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.