Westamerica Bancorporation (NASDAQ:WABC) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Westamerica Bancorporation (NASDAQ:WABC) by 143.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,137 shares of the financial services provider’s stock after buying an additional 13,633 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Westamerica Bancorporation worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its position in Westamerica Bancorporation by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider’s stock worth $650,000 after buying an additional 200 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Westamerica Bancorporation by 5.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC grew its position in Westamerica Bancorporation by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 226 shares in the last quarter. Algert Global LLC grew its position in Westamerica Bancorporation by 0.5% during the 2nd quarter. Algert Global LLC now owns 64,365 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 304 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Westamerica Bancorporation by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,948 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

Westamerica Bancorporation Trading Down 0.1 %

NASDAQ WABC opened at $57.54 on Thursday. Westamerica Bancorporation has a twelve month low of $43.82 and a twelve month high of $59.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 10.54 and a beta of 0.54. The firm’s 50 day moving average price is $52.21 and its two-hundred day moving average price is $50.65.

Westamerica Bancorporation (NASDAQ:WABC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.27. The company had revenue of $74.07 million during the quarter, compared to analyst estimates of $72.74 million. Westamerica Bancorporation had a net margin of 45.73% and a return on equity of 17.67%. Equities analysts anticipate that Westamerica Bancorporation will post 5.17 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation’s dividend payout ratio (DPR) is currently 32.06%.

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.