Rbo Co buys $8,905,199 stake in Westamerica Bancorporation (WABC)

Westamerica Bancorporation (WABC) : Rbo Co scooped up 2,007 additional shares in Westamerica Bancorporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 151,346 shares of Westamerica Bancorporation which is valued at $8,905,199.Westamerica Bancorporation makes up approximately 2.69% of Rbo Co’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. boosted its stake in WABC in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 9,170 shares of Westamerica Bancorporation which is valued at $539,563. Westamerica Bancorporation makes up approx 0.07% of Pacad Investment Ltd.’s portfolio.Schroder Investment Management Group boosted its stake in WABC in the latest quarter, The investment management firm added 9,932 additional shares and now holds a total of 764,632 shares of Westamerica Bancorporation which is valued at $40,517,850. Westamerica Bancorporation makes up approx 0.08% of Schroder Investment Management Group’s portfolio.Swiss National Bank reduced its stake in WABC by selling 1,400 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 41,600 shares of WABC which is valued at $2,087,904.

Westamerica Bancorporation closed down -0.4 points or -0.66% at $59.85 with 2,54,540 shares getting traded on Monday. Post opening the session at $59.77, the shares hit an intraday low of $59.77 and an intraday high of $60.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Westamerica Bancorporation reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.56.Analysts expectations of $ 48.05.During the same quarter in the previous year, the company posted $0.58 EPS.

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.

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