Westamerica Bancorporation (WABC) : Mraz Amerine Associates reduced its stake in Westamerica Bancorporation by 0.08% during the most recent quarter end. The investment management company now holds a total of 83,498 shares of Westamerica Bancorporation which is valued at $3,926,076 after selling 65 shares in Westamerica Bancorporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Westamerica Bancorporation makes up approximately 1.37% of Mraz Amerine Associates’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc reduced its stake in WABC by selling 146,088 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 2,279,808 shares of WABC which is valued at $107,196,572. Westamerica Bancorporation makes up approx 0.12% of American Century Companies Inc’s portfolio.Gemmer Asset Management boosted its stake in WABC in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 632 shares of Westamerica Bancorporation which is valued at $30,323. Westamerica Bancorporation makes up approx 0.02% of Gemmer Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in WABC in the latest quarter, The investment management firm added 295 additional shares and now holds a total of 8,035 shares of Westamerica Bancorporation which is valued at $400,947. Westamerica Bancorporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
Westamerica Bancorporation closed down -0.57 points or -1.20% at $47.04 with 1,75,658 shares getting traded on Friday. Post opening the session at $47.38, the shares hit an intraday low of $46.68 and an intraday high of $48.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Westamerica Bancorporation reported $0.57 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.57. The company had revenue of $48.20 million for the quarter, compared to analysts expectations of $48.35 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Westamerica Bancorporation. Westamerica Bancorporation was Downgraded by Keefe Bruyette to ” Underperform” on Jul 25, 2016.
Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and corporate customers in Northern and Central California through its subsidiary bank Westamerica Bank (WAB). WAB owns 100% of the capital stock of Community Banker Services Corporation (CBSC) a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. The Company provides banking services for businesses such as online services checking savings loans and lines of credit cash management merchant services ExpressDeposit Remote Deposit Capture business trust services bank owned property and preventing business losses. The Company provides banking services for individual customers such as online services checking savings trust services loans and lines of credit overdraft service order checks and manage your account.