Ieq Capital LLC Acquires New Shares in Westamerica Bancorporation $WABC

Posted by Geri Gentry on Aug 25th, 2026

Ieq Capital LLC acquired a new position in shares of Westamerica Bancorporation (NASDAQ:WABC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,977 shares of the financial services provider’s stock, valued at approximately $3,578,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. grew its holdings in Westamerica Bancorporation by 42.6% during the 1st quarter. Bessemer Group Inc. now owns 636 shares of the financial services provider’s stock valued at $33,000 after buying an additional 190 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Westamerica Bancorporation in the second quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its position in shares of Westamerica Bancorporation by 354.3% in the second quarter. EverSource Wealth Advisors LLC now owns 854 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 666 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Westamerica Bancorporation by 49.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,055 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 351 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Westamerica Bancorporation by 7,286.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,108 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Westamerica Bancorporation Trading Down 0.2%

Shares of WABC opened at $58.33 on Tuesday. Westamerica Bancorporation has a 12-month low of $44.93 and a 12-month high of $63.61. The company has a market cap of $1.35 billion, a PE ratio of 12.85 and a beta of 0.56. The stock has a 50-day moving average price of $59.32 and a 200-day moving average price of $55.38.

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Westamerica Bancorporation had a net margin of 41.71% and a return on equity of 12.31%. The business had revenue of $62.77 million for the quarter, compared to the consensus estimate of $61.60 million. During the same period last year, the firm posted $1.12 earnings per share.

Westamerica Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.3%. Westamerica Bancorporation’s dividend payout ratio is presently 42.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WABC. Keefe, Bruyette & Woods upped their target price on shares of Westamerica Bancorporation from $60.00 to $64.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. Weiss Ratings lowered shares of Westamerica Bancorporation from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Westamerica Bancorporation has an average rating of “Hold” and a consensus target price of $64.00.

Read Our Latest Analysis on WABC

Westamerica Bancorporation Company Profile

(Free Report)

Westamerica Bancorporation (NASDAQ: WABC) is a California-based bank holding company that provides a comprehensive suite of commercial banking, trust and wealth management services. Through its primary subsidiary, Westamerica Bank, the company offers deposit products, lending solutions and treasury management to a diverse clientele that includes small and mid-sized businesses, professionals, non-profit organizations and individuals.

The company’s lending portfolio encompasses commercial real estate financing, agricultural loans, equipment financing and lines of credit designed to support working capital needs.