November 21, 2016 - By Peter Erickson · 0 Comments
The stock of Westamerica Bancorp (NASDAQ:WABC) registered an increase of 9.96% in short interest. WABC’s total short interest was 3.55 million shares in November as published by FINRA. Its up 9.96% from 3.23M shares, reported previously. With 94,400 shares average volume, it will take short sellers 38 days to cover their WABC’s short positions. The short interest to Westamerica Bancorp’s float is 14.46%. The stock closed at $59.85 during the last session. It is down 17.12% since April 19, 2016 and is uptrending. It has outperformed by 13.26% the S&P500.
Westamerica Bancorporation is a bank holding company. The company has a market cap of $1.53 billion. The Firm provides a range of banking services to individual and corporate clients in Northern and Central California through its subsidiary bank, Westamerica Bank. It has a 25.96 P/E ratio. The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south.
Insitutional Activity: The institutional sentiment increased to 1.74 in Q2 2016. Its up 0.90, from 0.84 in 2016Q1. The ratio improved, as 16 funds sold all Westamerica Bancorporation shares owned while 40 reduced positions. 10 funds bought stakes while 37 increased positions. They now own 20.66 million shares or 4.99% less from 21.75 million shares in 2016Q1.
Ls Invest Advsr Ltd Llc holds 0% or 893 shares in its portfolio. Blackrock Gp has 44,505 shares for 0% of their US portfolio. The Florida-based Ladenburg Thalmann has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Envestnet Asset Incorporated, a Illinois-based fund reported 5,479 shares. Brown Brothers Harriman & Com, a New York-based fund reported 163 shares. The Illinois-based Ubs Asset Mgmt Americas has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). State Board Of Administration Of Florida Retirement last reported 0% of its portfolio in the stock. The North Carolina-based Fincl Bank Of America Corp De has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). The New York-based Tiaa Cref Invest Management Ltd Liability Corp has invested 0% in Westamerica Bancorporation (NASDAQ:WABC). Denver Inv Advsr Ltd Limited Liability Company, a Colorado-based fund reported 336,231 shares. Sei Investments, a Pennsylvania-based fund reported 74,081 shares. Moreover, Blackrock Ltd Company has 0% invested in Westamerica Bancorporation (NASDAQ:WABC) for 11,865 shares. Jpmorgan Chase & accumulated 879,906 shares or 0.01% of the stock. Huntington Bankshares holds 0% or 1,956 shares in its portfolio. Northern Corporation reported 466,968 shares or 0.01% of all its holdings.
Insider Transactions: Since October 24, 2016, the stock had 0 buys, and 1 sale for $292,018 net activity. Shares for $292,018 were sold by SCHNECK JAMES J.
Out of 2 analysts covering Westamerica Bancorporation (NASDAQ:WABC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Westamerica Bancorporation has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Zacks given on Monday, August 31. RBC Capital Markets maintained the shares of WABC in a report on Monday, January 25 with “Sector Perform” rating. As per Monday, August 17, the company rating was upgraded by Zacks.
Westamerica Bancorporation, incorporated on February 11, 1972, is a bank holding company. The Firm provides a range of banking services to individual and corporate clients in Northern and Central California through its subsidiary bank, Westamerica Bank (WAB or the Bank). The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. The Company’s strategic focus is on the banking needs of small businesses. The Bank owns capital stock of Community Banker Services Corporation (CBSC), a firm engaged in providing the Company and its subsidiaries with data processing services and other support functions.
More important recent Westamerica Bancorporation (NASDAQ:WABC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: WABC, AB and KKR” on October 29, 2013, also Globenewswire.com published article titled: “Westamerica Bancorporation Declares Quarterly Dividend and Announces Stock …”, Nasdaq.com published: “Westamerica Bancorporation (WABC) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. More interesting news about Westamerica Bancorporation (NASDAQ:WABC) was released by: Globenewswire.com and their article: “Westamerica Bancorporation Declares Quarterly Cash Dividend” with publication date: October 27, 2016.
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By Peter Erickson