WINTON GROUP Ltd Boosts Stock Position in Westamerica Bancorporation $WABC

WINTON GROUP Ltd lifted its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC - Free Report) by 48.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,033 shares of the financial services provider's stock after buying an additional 22,456 shares during the quarter. WINTON GROUP Ltd owned approximately 0.30% of Westamerica Bancorporation worth $4,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bessemer Group Inc. increased its holdings in Westamerica Bancorporation by 42.6% in the 1st quarter. Bessemer Group Inc. now owns 636 shares of the financial services provider's stock worth $33,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Westamerica Bancorporation by 19.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,171 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Westamerica Bancorporation by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,725 shares of the financial services provider's stock valued at $2,044,000 after purchasing an additional 201 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Westamerica Bancorporation by 0.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 32,377 shares of the financial services provider's stock valued at $1,570,000 after purchasing an additional 213 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Westamerica Bancorporation by 1.7% during the fourth quarter. Royal Bank of Canada now owns 14,761 shares of the financial services provider's stock worth $706,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company's stock.

Westamerica Bancorporation Trading Up 1.4%

WABC opened at $59.11 on Friday. Westamerica Bancorporation has a twelve month low of $44.93 and a twelve month high of $63.61. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.02 and a beta of 0.56. The firm's 50-day moving average price is $59.31 and its 200 day moving average price is $55.96.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. Westamerica Bancorporation had a return on equity of 12.31% and a net margin of 41.71%.The business had revenue of $62.77 million during the quarter, compared to analyst estimates of $61.60 million. During the same period in the prior year, the business earned $1.12 earnings per share.

Westamerica Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, August 3rd. Westamerica Bancorporation's dividend payout ratio is presently 42.29%.

Analyst Ratings Changes

WABC has been the topic of a number of research reports. Wall Street Zen raised shares of Westamerica Bancorporation from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings lowered Westamerica Bancorporation from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their target price on Westamerica Bancorporation from $60.00 to $64.00 and gave the company a "market perform" rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.00.

About Westamerica Bancorporation

Westamerica Bancorporation NASDAQ: WABC is a California-based bank holding company that provides a comprehensive suite of commercial banking, trust and wealth management services. Through its primary subsidiary, Westamerica Bank, the company offers deposit products, lending solutions and treasury management to a diverse clientele that includes small and mid-sized businesses, professionals, non-profit organizations and individuals.

The company's lending portfolio encompasses commercial real estate financing, agricultural loans, equipment financing and lines of credit designed to support working capital needs.

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