Westamerica Bancorporation $WABC Shares Sold by New York State Teachers Retirement System

Posted by Stanley Muller on Jul 15th, 2026

New York State Teachers Retirement System cut its position in Westamerica Bancorporation (NASDAQ:WABC – Free Report) by 93.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,240 shares of the financial services provider’s stock after selling 34,384 shares during the quarter. New York State Teachers Retirement System’s holdings in Westamerica Bancorporation were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Westamerica Bancorporation by 19.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,171 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Westamerica Bancorporation by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,725 shares of the financial services provider’s stock valued at $2,044,000 after purchasing an additional 201 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Westamerica Bancorporation by 0.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 32,377 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 213 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Westamerica Bancorporation by 1.7% during the fourth quarter. Royal Bank of Canada now owns 14,761 shares of the financial services provider’s stock valued at $706,000 after buying an additional 241 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Westamerica Bancorporation by 49.9% during 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 buying an additional 351 shares during the last quarter. 81.89% of the stock is owned by institutional investors and hedge funds.

Westamerica Bancorporation Price Performance

WABC stock opened at $58.62 on Wednesday. The company has a 50-day simple moving average of $56.82 and a 200 day simple moving average of $53.26. The company has a market capitalization of $1.38 billion, a P/E ratio of 13.06 and a beta of 0.56. Westamerica Bancorporation has a fifty-two week low of $44.93 and a fifty-two week high of $60.53.

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Westamerica Bancorporation had a net margin of 42.08% and a return on equity of 12.26%. The firm had revenue of $62.08 million for the quarter, compared to analysts’ expectations of $60.70 million.

Westamerica Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.3%. This is a boost from Westamerica Bancorporation’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, May 4th. Westamerica Bancorporation’s payout ratio is 42.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Westamerica Bancorporation from $55.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Weiss Ratings raised Westamerica Bancorporation from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Westamerica Bancorporation currently has an average rating of “Moderate Buy” and an average price target of $58.00.

View Our Latest Stock Report on Westamerica Bancorporation

Insider Activity at Westamerica Bancorporation

In related news, SVP Robert James Baker, Jr. sold 759 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $53.83, for a total transaction of $40,856.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.90% of the stock is owned by corporate insiders.

Westamerica Bancorporation 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.