West Bancorporation Inc. Has $8.40 Million Holdings in West Bancorporation, Inc. $WTBA

West Bancorporation Inc. reduced its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,722 shares of the financial services provider’s stock after selling 2,835 shares during the quarter. West Bancorporation accounts for approximately 5.3% of West Bancorporation Inc.’s investment portfolio, making the stock its 6th largest holding. West Bancorporation Inc. owned approximately 2.53% of West Bancorporation worth $8,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of West Bancorporation by 5.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 538 shares in the last quarter. Royal Bank of Canada raised its holdings in West Bancorporation by 7.5% in the first quarter. Royal Bank of Canada now owns 38,547 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 2,675 shares in the last quarter. Acadian Asset Management LLC raised its holdings in West Bancorporation by 27.9% in the first quarter. Acadian Asset Management LLC now owns 17,436 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 3,799 shares in the last quarter. Trexquant Investment LP raised its holdings in West Bancorporation by 32.9% in the first quarter. Trexquant Investment LP now owns 21,854 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 5,410 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in West Bancorporation by 4,644.5% in the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 13,469 shares in the last quarter. 44.30% of the stock is currently owned by institutional investors.

West Bancorporation Stock Performance

WTBA opened at $19.23 on Friday. West Bancorporation, Inc. has a 52-week low of $17.31 and a 52-week high of $24.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.62. The company has a market cap of $325.76 million, a P/E ratio of 11.31 and a beta of 0.88. The firm’s 50-day moving average price is $19.74 and its 200-day moving average price is $19.55.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. The firm had revenue of $23.83 million for the quarter, compared to the consensus estimate of $24.20 million. As a group, equities analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.2%. The ex-dividend date was Wednesday, August 6th. West Bancorporation’s dividend payout ratio is 58.82%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WTBA. Weiss Ratings reiterated a “hold (c+)” rating on shares of West Bancorporation in a report on Saturday, September 27th. Piper Sandler reduced their target price on shares of West Bancorporation from $21.50 to $20.50 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Zacks Research upgraded shares of West Bancorporation from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.50.

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.