BNP Paribas Arbitrage SA Has $369,000 Stake in Westamerica Bancorporation (WABC)
BNP Paribas Arbitrage SA lifted its stake in Westamerica Bancorporation (NASDAQ:WABC) by 903.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,970 shares of the financial services provider’s stock after purchasing an additional 5,375 shares during the period. BNP Paribas Arbitrage SA’s holdings in Westamerica Bancorporation were worth $369,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WABC. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new stake in shares of Westamerica Bancorporation during the first quarter valued at approximately $311,000. Geode Capital Management LLC raised its stake in shares of Westamerica Bancorporation by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 310,837 shares of the financial services provider’s stock valued at $17,307,000 after acquiring an additional 28,005 shares in the last quarter. Norges Bank bought a new stake in shares of Westamerica Bancorporation during the fourth quarter valued at approximately $3,243,000. Dimensional Fund Advisors LP raised its stake in shares of Westamerica Bancorporation by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 742,424 shares of the financial services provider’s stock valued at $41,339,000 after acquiring an additional 19,762 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Westamerica Bancorporation by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,062 shares of the financial services provider’s stock valued at $1,061,000 after acquiring an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.
Several analysts have recently weighed in on the stock. Maxim Group reaffirmed a “hold” rating on shares of Westamerica Bancorporation in a research note on Monday, April 22nd. BidaskClub raised shares of Westamerica Bancorporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price target on shares of Westamerica Bancorporation in a research note on Wednesday, January 23rd.
Westamerica Bancorporation (NASDAQ:WABC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.66%. This is a positive change from Westamerica Bancorporation’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 3rd.
In related news, SVP George S. Ensinger sold 1,000 shares of Westamerica Bancorporation stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $64.01, for a total transaction of $64,010.00. Following the transaction, the senior vice president now directly owns 2,482 shares of the company’s stock, valued at $158,872.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.
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About Westamerica Bancorporation
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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