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

City State Bank raised its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,354 shares of the financial services provider’s stock after buying an additional 499 shares during the period. City State Bank’s holdings in West Bancorporation were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in West Bancorporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock worth $2,153,000 after buying an additional 3,945 shares during the last quarter. SG Americas Securities LLC acquired a new stake in West Bancorporation in the 3rd quarter worth about $114,000. State Street Corp boosted its holdings in West Bancorporation by 1.9% in the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after buying an additional 6,809 shares during the last quarter. De Lisle Partners LLP boosted its holdings in shares of West Bancorporation by 27.3% during the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of West Bancorporation by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider’s stock worth $6,775,000 after purchasing an additional 7,320 shares during the last quarter. 44.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WTBA shares. Piper Sandler boosted their target price on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

West Bancorporation Trading Up 2.4 %

Shares of West Bancorporation stock opened at $20.49 on Tuesday. The stock has a market cap of $344.91 million, a P/E ratio of 16.01 and a beta of 0.98. The stock’s 50 day simple moving average is $22.90 and its 200-day simple moving average is $20.62. West Bancorporation, Inc. has a 1-year low of $15.80 and a 1-year high of $24.85. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick 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 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. The firm had revenue of $50.97 million for the quarter, compared to analysts’ expectations of $20.00 million. During the same period in the prior year, the firm posted $0.35 earnings per share. Analysts predict that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.

West Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Wednesday, November 6th. 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 the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the transaction, the director now directly owns 80,709 shares in the company, valued at approximately $1,905,539.49. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.48% of the stock is currently owned by insiders.

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.