Hanson McClain Inc. increased its stake in Westamerica Bancorporation (NASDAQ:WABC) by 8.8% during the first quarter, HoldingsChannel.com reports. The firm owned 4,223 shares of the financial services provider’s stock after acquiring an additional 343 shares during the period. Hanson McClain Inc.’s holdings in Westamerica Bancorporation were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Everence Capital Management Inc. bought a new position in shares of Westamerica Bancorporation during the first quarter valued at about $248,000. Crossmark Global Holdings Inc. bought a new position in Westamerica Bancorporation in the first quarter worth about $223,000. Texas Permanent School Fund raised its stake in Westamerica Bancorporation by 4.4% in the first quarter. Texas Permanent School Fund now owns 18,257 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 767 shares in the last quarter. Comerica Bank raised its stake in Westamerica Bancorporation by 2.5% in the first quarter. Comerica Bank now owns 27,226 shares of the financial services provider’s stock worth $1,719,000 after buying an additional 672 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Westamerica Bancorporation by 1.6% in the first quarter. Rhumbline Advisers now owns 83,449 shares of the financial services provider’s stock worth $5,157,000 after buying an additional 1,341 shares in the last quarter. 84.62% of the stock is currently owned by institutional investors.
In related news, SVP George S. Ensinger sold 1,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $64.01, for a total value of $64,010.00. Following the completion of the transaction, the senior vice president now directly owns 2,482 shares of the company’s stock, valued at $158,872.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is owned by corporate insiders.
WABC stock opened at $62.04 on Friday. Westamerica Bancorporation has a 1 year low of $52.05 and a 1 year high of $65.39. The stock has a market capitalization of $1.67 billion, a P/E ratio of 22.60 and a beta of 1.03.
Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Westamerica Bancorporation had a net margin of 37.12% and a return on equity of 12.03%.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a $0.41 dividend. This is an increase from Westamerica Bancorporation’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, May 3rd.
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Westamerica Bancorporation Profile
Westamerica Bancorporation provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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