Thrivent Financial for Lutherans Has $3.06 Million Holdings in Westamerica Bancorporation (NASDAQ:WABC)

Thrivent Financial for Lutherans increased its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,990 shares of the financial services provider’s stock after purchasing an additional 11,674 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Westamerica Bancorporation were worth $3,064,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Westamerica Bancorporation by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 200 shares during the period. O Shaughnessy Asset Management LLC raised its position in Westamerica Bancorporation by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,178 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC lifted its stake in Westamerica Bancorporation by 13.8% during the second quarter. GAMMA Investing LLC now owns 1,862 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 226 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Westamerica Bancorporation by 0.5% in the 2nd quarter. Algert Global LLC now owns 64,365 shares of the financial services provider’s stock valued at $3,124,000 after purchasing an additional 304 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of Westamerica Bancorporation by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,948 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 318 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

Shares of NASDAQ:WABC opened at $58.23 on Tuesday. Westamerica Bancorporation has a one year low of $43.82 and a one year high of $59.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 10.61 and a beta of 0.54. The firm has a 50 day simple moving average of $52.07 and a 200 day simple moving average of $50.60.

Westamerica Bancorporation (NASDAQ:WABC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, meeting analysts’ consensus estimates of $1.27. The company had revenue of $74.07 million during the quarter, compared to analysts’ expectations of $72.74 million. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. Research analysts predict that Westamerica Bancorporation will post 5.17 earnings per share for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Monday, November 4th. Westamerica Bancorporation’s dividend payout ratio is currently 32.06%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

Westamerica Bancorporation Profile

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.