Fmr LLC Lowers Position in West Bancorporation, Inc. (NASDAQ:WTBA)

FMR LLC lowered its position in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,339,635 shares of the financial services provider's stock after selling 87,794 shares during the period. FMR LLC owned 7.96% of West Bancorporation worth $25,466,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of West Bancorporation in the 3rd quarter worth approximately $114,000. Choreo LLC bought a new position in West Bancorporation during the 2nd quarter valued at approximately $267,000. Price T Rowe Associates Inc. MD increased its position in West Bancorporation by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider's stock valued at $749,000 after buying an additional 647 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in West Bancorporation by 280.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider's stock valued at $867,000 after buying an additional 35,680 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in West Bancorporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider's stock valued at $2,153,000 after buying an additional 3,945 shares in the last quarter. Institutional investors own 44.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WTBA shares. StockNews.com raised West Bancorporation from a "sell" rating to a "hold" rating in a research report on Monday, October 28th. 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.

Insider Transactions at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the firm's stock in a transaction 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 $1,905,539.49. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.48% of the company's stock.

West Bancorporation Stock Up 1.4 %

Shares of West Bancorporation stock traded up $0.33 on Tuesday, reaching $23.65. The company's stock had a trading volume of 25,389 shares, compared to its average volume of 27,568. The company has a market capitalization of $398.03 million, a price-to-earnings ratio of 18.48 and a beta of 0.97. The firm's fifty day simple moving average is $22.01 and its two-hundred day simple moving average is $19.77. West Bancorporation, Inc. has a 52 week low of $15.80 and a 52 week high of $24.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, topping 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 company earned $0.35 EPS. Equities analysts anticipate that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation's payout ratio is 78.13%.

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.