Barclays PLC Purchases 15,615 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

Barclays PLC increased its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 291.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,977 shares of the financial services provider's stock after purchasing an additional 15,615 shares during the period. Barclays PLC owned 0.12% of West Bancorporation worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in West Bancorporation in the 3rd quarter worth approximately $114,000. State Street Corp lifted its holdings in shares of West Bancorporation by 1.9% in the third 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 in the last quarter. De Lisle Partners LLP boosted its position in shares of West Bancorporation by 27.3% during the third quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider's stock worth $612,000 after acquiring an additional 6,893 shares during the last quarter. Geode Capital Management LLC grew its stake in West Bancorporation by 2.1% during the third quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock valued at $6,775,000 after acquiring an additional 7,320 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in West Bancorporation by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider's stock valued at $3,880,000 after acquiring an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company's stock.

Insider Activity at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WTBA has been the subject of a number of research analyst reports. Piper Sandler raised their price objective on West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a research 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 Price Performance

WTBA stock traded up $0.26 during trading on Friday, hitting $21.34. 21,882 shares of the company's stock traded hands, compared to its average volume of 22,965. West Bancorporation, Inc. has a 52 week low of $15.80 and a 52 week high of $24.85. The stock has a market capitalization of $359.15 million, a price-to-earnings ratio of 16.67 and a beta of 0.98. The business has a fifty day simple moving average of $22.72 and a 200 day simple moving average of $20.72. 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 - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. The company had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. During the same quarter last year, the business posted $0.35 earnings per share. As a group, research analysts expect that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation's dividend payout ratio is currently 78.13%.

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.