Connor Clark & Lunn Investment Management Ltd. Acquires 14,977 Shares of Westamerica Bancorporation (NASDAQ:WABC)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 64.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,114 shares of the financial services provider’s stock after purchasing an additional 14,977 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Westamerica Bancorporation worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WABC. Golden State Wealth Management LLC bought a new position in shares of Westamerica Bancorporation during the 4th quarter valued at $65,000. KBC Group NV grew its stake in Westamerica Bancorporation by 71.4% in the 4th quarter. KBC Group NV now owns 1,974 shares of the financial services provider’s stock valued at $104,000 after buying an additional 822 shares during the last quarter. GAMMA Investing LLC grew its stake in Westamerica Bancorporation by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 2,166 shares of the financial services provider’s stock valued at $114,000 after buying an additional 268 shares during the last quarter. One Capital Management LLC acquired a new position in Westamerica Bancorporation in the 4th quarter valued at $210,000. Finally, Mutual of America Capital Management LLC acquired a new position in Westamerica Bancorporation in the 4th quarter valued at $212,000. Institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Stock Performance

NASDAQ:WABC opened at $51.04 on Wednesday. Westamerica Bancorporation has a 1 year low of $45.11 and a 1 year high of $59.97. The firm’s fifty day simple moving average is $50.84 and its 200 day simple moving average is $52.01. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.36 billion, a PE ratio of 9.82 and a beta of 0.55.

Westamerica Bancorporation (NASDAQ:WABC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. Westamerica Bancorporation had a net margin of 44.55% and a return on equity of 16.15%. During the same period last year, the business posted $1.48 EPS. On average, sell-side analysts anticipate that Westamerica Bancorporation will post 4.35 EPS for the current year.

Westamerica Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 3.45%. Westamerica Bancorporation’s dividend payout ratio is 33.85%.

About Westamerica Bancorporation

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.