19,190 Shares in Westamerica Bancorporation (NASDAQ:WABC) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Westamerica Bancorporation (NASDAQ:WABC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 19,190 shares of the financial services provider’s stock, valued at approximately $1,083,000.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Westamerica Bancorporation in the 4th quarter worth about $31,000. PNC Financial Services Group Inc. increased its stake in shares of Westamerica Bancorporation by 27.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,648 shares of the financial services provider’s stock worth $71,000 after buying an additional 355 shares during the period. GAMMA Investing LLC purchased a new stake in Westamerica Bancorporation during the 4th quarter valued at $99,000. Strs Ohio bought a new stake in Westamerica Bancorporation in the 4th quarter worth $112,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Westamerica Bancorporation in the third quarter valued at about $202,000. 81.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

WABC has been the subject of a number of analyst reports. StockNews.com lowered shares of Westamerica Bancorporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $57.00 price objective (down previously from $58.00) on shares of Westamerica Bancorporation in a report on Monday, April 22nd. Finally, Piper Sandler reduced their target price on Westamerica Bancorporation from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th.

Westamerica Bancorporation Stock Down 1.9 %

Shares of NASDAQ:WABC traded down $0.92 on Tuesday, hitting $46.55. The company had a trading volume of 82,982 shares, compared to its average volume of 154,901. Westamerica Bancorporation has a 1 year low of $35.52 and a 1 year high of $57.96. The firm’s 50-day simple moving average is $47.04 and its two-hundred day simple moving average is $49.20. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.86 and a beta of 0.56.

Westamerica Bancorporation (NASDAQ:WABC) last issued its quarterly earnings data 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 company had revenue of $78.84 million during the quarter, compared to analysts’ expectations of $77.34 million. Equities research analysts anticipate that Westamerica Bancorporation will post 5.3 EPS for the current year.

Westamerica Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.78%. Westamerica Bancorporation’s dividend payout ratio is presently 29.73%.

Westamerica Bancorporation 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.