Oregon Public Employees Retirement Fund lifted its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,351 shares of the financial services provider’s stock after acquiring an additional 187 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Westamerica Bancorporation were worth $640,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of Montreal Can increased its position in shares of Westamerica Bancorporation by 5.1% during the fourth quarter. Bank of Montreal Can now owns 3,777 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 184 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Westamerica Bancorporation by 3.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,344 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 216 shares in the last quarter. Arizona State Retirement System increased its position in shares of Westamerica Bancorporation by 0.8% during the first quarter. Arizona State Retirement System now owns 41,480 shares of the financial services provider’s stock worth $2,563,000 after acquiring an additional 321 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Westamerica Bancorporation by 4.0% during the first quarter. Mason Street Advisors LLC now owns 8,636 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 336 shares in the last quarter. Finally, Hanson McClain Inc. increased its position in shares of Westamerica Bancorporation by 8.8% during the first quarter. Hanson McClain Inc. now owns 4,223 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 343 shares in the last quarter. 82.46% of the stock is owned by institutional investors.

In related news, SVP George S. Ensinger sold 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $158,872.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

WABC has been the topic of several analyst reports. BidaskClub cut shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Maxim Group restated a “hold” rating on shares of Westamerica Bancorporation in a report on Monday, April 22nd.

Westamerica Bancorporation stock opened at $59.89 on Friday. Westamerica Bancorporation has a fifty-two week low of $52.05 and a fifty-two week high of $65.39. The stock has a market cap of $1.63 billion, a P/E ratio of 22.16 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 for the quarter. Westamerica Bancorporation had a net margin of 37.12% and a return on equity of 12.03%. The business had revenue of $50.57 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.80%.

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Westamerica Bancorporation Company 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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Institutional Ownership by Quarter for Westamerica Bancorporation (NASDAQ:WABC)

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