American Century Companies Inc. cut its holdings in shares of Westamerica Bancorporation (NASDAQ:WABC) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,208,203 shares of the financial services provider’s stock after selling 104,254 shares during the quarter. American Century Companies Inc. owned 8.26% of Westamerica Bancorporation worth $122,953,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC grew its position in Westamerica Bancorporation by 86.0% in the 4th quarter. LS Investment Advisors LLC now owns 1,453 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 672 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Westamerica Bancorporation during the 4th quarter valued at approximately $154,000. Eukles Asset Management purchased a new stake in shares of Westamerica Bancorporation during the 4th quarter valued at approximately $194,000. Bank of Montreal Can lifted its stake in shares of Westamerica Bancorporation by 5.1% during the 4th quarter. Bank of Montreal Can now owns 3,777 shares of the financial services provider’s stock valued at $210,000 after buying an additional 184 shares in the last quarter. Finally, Hanson McClain Inc. lifted its stake in shares of Westamerica Bancorporation by 12.3% during the 4th quarter. Hanson McClain Inc. now owns 3,880 shares of the financial services provider’s stock valued at $216,000 after buying an additional 425 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.
Shares of WABC stock traded up $0.04 on Wednesday, hitting $63.43. 1,386 shares of the company’s stock traded hands, compared to its average volume of 100,042. Westamerica Bancorporation has a one year low of $52.05 and a one year high of $65.39. The firm has a market cap of $1.71 billion, a P/E ratio of 23.78 and a beta of 1.03.
A number of analysts recently weighed in on the stock. Maxim Group reaffirmed a “hold” rating on shares of Westamerica Bancorporation in a report on Monday. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price target on shares of Westamerica Bancorporation in a report on Wednesday, January 23rd. Finally, BidaskClub raised shares of Westamerica Bancorporation from a “hold” rating to a “buy” rating in a report on Saturday, January 19th.
In other news, SVP George S. Ensinger sold 4,000 shares of Westamerica Bancorporation stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $61.64, for a total value of $246,560.00. Following the completion of the sale, the senior vice president now directly owns 6,149 shares in the company, valued at $379,024.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George S. Ensinger sold 2,000 shares of Westamerica Bancorporation stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $62.95, for a total transaction of $125,900.00. Following the completion of the sale, the senior vice president now owns 4,149 shares of the company’s stock, valued at $261,179.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,167 shares of company stock valued at $937,972. Corporate 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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