West Bancorporation, Inc. (NASDAQ:WTBA) Shares Purchased by City State Bank

City State Bank lifted its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,354 shares of the financial services provider’s stock after purchasing an additional 499 shares during the quarter. City State Bank’s holdings in West Bancorporation were worth $181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTBA. Aptus Capital Advisors LLC lifted its position in West Bancorporation by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 31,194 shares during the period. JPMorgan Chase & Co. lifted its position in West Bancorporation by 267.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 18,885 shares during the period. Barclays PLC lifted its position in West Bancorporation by 291.2% during the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 15,615 shares during the period. Choreo LLC acquired a new stake in West Bancorporation during the 2nd quarter worth about $267,000. Finally, Renaissance Technologies LLC lifted its position in West Bancorporation by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock worth $3,880,000 after acquiring an additional 8,200 shares during the period. Institutional investors and hedge funds own 44.30% of the company’s stock.

West Bancorporation Stock Performance

NASDAQ WTBA opened at $20.49 on Tuesday. The stock has a 50-day simple moving average of $22.90 and a two-hundred day simple moving average of $20.62. The firm has a market capitalization of $344.91 million, a P/E ratio of 16.01 and a beta of 0.98. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same quarter last year, the business posted $0.35 EPS. On average, equities analysts forecast that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.88%. West Bancorporation’s dividend payout ratio is presently 78.13%.

Insider Activity at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of West Bancorporation stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the transaction, the director now owns 80,709 shares in the company, valued at $1,905,539.49. The trade was a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.48% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on WTBA. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Piper Sandler lifted their price objective on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

West Bancorporation Profile

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.