WestAmerica Bancorp. (WABC): Hedge Funds Are Bullish and Insiders Are Bearish, What Should You Do?

Page 1 of 2

WestAmerica Bancorp. (NASDAQ:WABC) was in 8 hedge funds’ portfolio at the end of March. WABC has experienced an increase in activity from the world’s largest hedge funds recently. There were 7 hedge funds in our database with WABC positions at the end of the previous quarter.

According to most investors, hedge funds are seen as worthless, outdated investment vehicles of the past. While there are greater than 8000 funds in operation at the moment, we at Insider Monkey look at the bigwigs of this club, about 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total asset base, and by keeping an eye on their top stock picks, we have identified a number of investment strategies that have historically outstripped the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

WestAmerica Bancorp. (NASDAQ:WABC)Equally as integral, optimistic insider trading sentiment is a second way to break down the investments you’re interested in. As the old adage goes: there are a variety of incentives for an executive to downsize shares of his or her company, but just one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the useful potential of this tactic if you know what to do (learn more here).

Now, let’s take a glance at the recent action surrounding WestAmerica Bancorp. (NASDAQ:WABC).

How are hedge funds trading WestAmerica Bancorp. (NASDAQ:WABC)?

At Q1′s end, a total of 8 of the hedge funds we track held long positions in this stock, a change of 14% from the previous quarter.

As aggregate interest increased, key money managers have been driving this bullishness. D E Shaw, managed by D. E. Shaw, initiated the biggest position in WestAmerica Bancorp. (NASDAQ:WABC). D E Shaw had 0.4 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made a $0.3 million investment in the stock during the quarter. The only other fund with a brand new WABC position is Matthew Hulsizer’s PEAK6 Capital Management.

How are insiders trading WestAmerica Bancorp. (NASDAQ:WABC)?

Insider buying is at its handiest when the company in focus has experienced transactions within the past six months. Over the latest half-year time period, WestAmerica Bancorp. (NASDAQ:WABC) has experienced zero unique insiders buying, and 4 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to WestAmerica Bancorp. (NASDAQ:WABC). These stocks are BBCN Bancorp, Inc. (NASDAQ:BBCN), PacWest Bancorp (NASDAQ:PACW), Glacier Bancorp, Inc. (NASDAQ:GBCI), CVB Financial Corp. (NASDAQ:CVBF), and Western Alliance Bancorporation (NYSE:WAL). This group of stocks are in the regional – pacific banks industry and their market caps match WABC’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!