3 days Ago By ABMN Staff
Westamerica Bancorporation ( NASDAQ:WABC – Get Free Report ) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 328,600 shares, an increase of 19.2% from the August 15th total of 275,600 shares.
Based on an average daily trading volume, of 122,600 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.
3% of the company’s stock are sold short. Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the stock. StockNews.
com raised shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Piper Sandler lifted their price target on shares of Westamerica Bancorporation from $50.00 to $57.
00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Maxim Group downgraded shares of Westamerica Bancorporation from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.
00. View Our Latest Stock Analysis on Westamerica Bancorporation Westamerica Bancorporation Trading Up 1.9 % Westamerica Bancorporation ( NASDAQ:WABC – Get Free Report ) last announced its quarterly earnings results on Thursday, July 18th.
The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.
03. The business had revenue of $79.57 million during the quarter, compared to the consensus estimate of $74.
28 million. Westamerica Bancorporation had a return on equity of 20.17% and a net margin of 47.
12%. Sell-side analysts forecast that Westamerica Bancorporation will post 5.2 earnings per share for the current year.
Westamerica Bancorporation Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.44 per share.
This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.52%.
The ex-dividend date was Monday, August 5th. Westamerica Bancorporation’s dividend payout ratio is presently 29.73%.
Hedge Funds Weigh In On Westamerica Bancorporation A number of large investors have recently made changes to their positions in WABC. Charles Schwab Investment Management Inc. grew its holdings in Westamerica Bancorporation by 6.
5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,322 shares of the financial services provider’s stock valued at $16,941,000 after buying an additional 18,297 shares in the last quarter.
Dimensional Fund Advisors LP increased its holdings in shares of Westamerica Bancorporation by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 782,733 shares of the financial services provider’s stock worth $44,155,000 after purchasing an additional 21,547 shares during the period.
Sei Investments Co. raised its position in shares of Westamerica Bancorporation by 21.7% in the first quarter.
Sei Investments Co. now owns 121,436 shares of the financial services provider’s stock valued at $5,936,000 after buying an additional 21,624 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Westamerica Bancorporation by 124.
0% in the first quarter. Janus Henderson Group PLC now owns 26,620 shares of the financial services provider’s stock valued at $1,301,000 after buying an additional 14,738 shares during the period. Finally, Kennedy Capital Management LLC grew its position in Westamerica Bancorporation by 70.
2% during the first quarter. Kennedy Capital Management LLC now owns 252,177 shares of the financial services provider’s stock worth $12,326,000 after buying an additional 104,029 shares in the last quarter. Institutional investors own 81.
89% of the company’s stock. About Westamerica Bancorporation ( Get Free Report ) 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.
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