Jackson Creek Investment Advisors LLC Takes $1.08 Million Position in Westamerica Bancorporation (NASDAQ:WABC)

Jackson Creek Investment Advisors LLC acquired a new position in Westamerica Bancorporation (NASDAQ:WABC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,190 shares of the financial services provider's stock, valued at approximately $1,083,000. Jackson Creek Investment Advisors LLC owned approximately 0.07% of Westamerica Bancorporation at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WABC. SG Americas Securities LLC boosted its holdings in shares of Westamerica Bancorporation by 198.3% during the third quarter. SG Americas Securities LLC now owns 9,701 shares of the financial services provider's stock worth $420,000 after purchasing an additional 6,449 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Westamerica Bancorporation by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 30,587 shares of the financial services provider's stock valued at $1,323,000 after acquiring an additional 1,271 shares in the last quarter. Raymond James & Associates increased its stake in shares of Westamerica Bancorporation by 37.0% in the third quarter. Raymond James & Associates now owns 33,040 shares of the financial services provider's stock worth $1,429,000 after acquiring an additional 8,931 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Westamerica Bancorporation during the third quarter worth $359,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Westamerica Bancorporation by 44.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,088 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 1,562 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

NASDAQ:WABC traded down $0.92 during midday trading on Tuesday, reaching $46.55. The stock had a trading volume of 82,982 shares, compared to its average volume of 154,901. The stock has a market capitalization of $1.24 billion, a P/E ratio of 7.86 and a beta of 0.56. The firm's fifty day simple moving average is $47.04 and its 200-day simple moving average is $49.20. Westamerica Bancorporation has a 1-year low of $35.52 and a 1-year high of $57.96.

Westamerica Bancorporation (NASDAQ:WABC - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.02). Westamerica Bancorporation had a return on equity of 21.99% and a net margin of 48.35%. The business had revenue of $78.84 million during the quarter, compared to the consensus estimate of $77.34 million. On average, equities research analysts anticipate that Westamerica Bancorporation will post 5.3 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, May 3rd. Westamerica Bancorporation's dividend payout ratio (DPR) is presently 29.73%.

Insiders Place Their Bets

In other news, CFO John A. Thorson sold 1,100 shares of the company's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $47.24, for a total transaction of $51,964.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO John A. Thorson sold 1,100 shares of Westamerica Bancorporation stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $47.24, for a total transaction of $51,964.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David L. Payne sold 11,272 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $46.79, for a total value of $527,416.88. Following the completion of the transaction, the chief executive officer now owns 242,417 shares of the company's stock, valued at $11,342,691.43. The disclosure for this sale can be found here. Company insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com lowered Westamerica Bancorporation from a "hold" rating to a "sell" rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $57.00 price objective (down previously from $58.00) on shares of Westamerica Bancorporation in a research report on Monday, April 22nd. Finally, Piper Sandler decreased their target price on shares of Westamerica Bancorporation from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, April 19th.

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.