Bank of New York Mellon Corp Raises Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

Bank of New York Mellon Corp boosted its position in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,049 shares of the financial services provider's stock after purchasing an additional 18,154 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of West Bancorporation worth $2,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of WTBA. JPMorgan Chase & Co. grew its holdings in shares of West Bancorporation by 267.5% during the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider's stock worth $493,000 after purchasing an additional 18,885 shares in the last quarter. Barclays PLC lifted its position in West Bancorporation by 291.2% during the third quarter. Barclays PLC now owns 20,977 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 15,615 shares during the last quarter. Geode Capital Management LLC grew its stake in West Bancorporation by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock worth $6,775,000 after buying an additional 7,320 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of West Bancorporation by 27.3% in the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider's stock worth $612,000 after buying an additional 6,893 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of 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. 44.30% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WTBA. StockNews.com upgraded shares of West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Piper Sandler cut their price objective on West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

West Bancorporation Price Performance

NASDAQ WTBA traded up $0.09 on Monday, reaching $20.31. 28,194 shares of the company's stock traded hands, compared to its average volume of 26,977. The stock has a market cap of $341.88 million, a PE ratio of 14.20 and a beta of 0.95. 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, Inc. has a 12 month low of $15.80 and a 12 month high of $24.85. The stock has a 50-day simple moving average of $21.56 and a 200 day simple moving average of $21.45.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. During the same quarter last year, the company posted $0.27 EPS. As a group, research analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.92%. West Bancorporation's dividend payout ratio is currently 69.93%.

West Bancorporation Company 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.