Thrivent Financial for Lutherans Has $3.06 Million Stock Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Thrivent Financial for Lutherans boosted its position in Westamerica Bancorporation (NASDAQ:WABC) by 23.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 61,990 shares of the financial services provider’s stock after purchasing an additional 11,674 shares during the period. Thrivent Financial for Lutherans owned about 0.23% of Westamerica Bancorporation worth $3,064,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kimelman & Baird LLC acquired a new stake in shares of Westamerica Bancorporation in the second quarter valued at approximately $36,000. GAMMA Investing LLC increased its holdings in shares of Westamerica Bancorporation by 13.8% in the second quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 226 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Westamerica Bancorporation in the first quarter valued at about $113,000. CWM LLC lifted its stake in shares of Westamerica Bancorporation by 16.4% during the 2nd quarter. CWM LLC now owns 3,649 shares of the financial services provider’s stock worth $177,000 after buying an additional 514 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 buying an additional 221 shares during the period. Institutional investors own 81.89% of the company’s stock.

Analyst Ratings Changes

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 Stock Up 1.1 %

WABC stock opened at $58.23 on Tuesday. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97. 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 stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.61 and a beta of 0.54. The business’s fifty day moving average price is $52.07 and its two-hundred day moving average price is $50.60.

Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. The business had revenue of $74.07 million for 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%. On average, equities analysts anticipate that Westamerica Bancorporation will post 5.17 earnings per share for the current year.

Westamerica Bancorporation Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.02%. Westamerica Bancorporation’s payout ratio is 32.06%.

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.