West Bancorporation, Inc. (NASDAQ:WTBA) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,152 shares of the financial services provider's stock after selling 16,101 shares during the period. Renaissance Technologies LLC owned 1.21% of West Bancorporation worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of West Bancorporation by 11.3% during the 4th quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider's stock worth $144,000 after purchasing an additional 678 shares during the period. City State Bank raised its stake in West Bancorporation by 6.4% in the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider's stock worth $181,000 after buying an additional 499 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of West Bancorporation in the 4th quarter worth $232,000. Wells Fargo & Company MN lifted its position in shares of West Bancorporation by 20.4% during the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider's stock valued at $263,000 after buying an additional 2,062 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of West Bancorporation during the fourth quarter worth $356,000. 44.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WTBA. Piper Sandler dropped their price objective on shares of West Bancorporation from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. StockNews.com upgraded shares of West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

West Bancorporation Trading Up 1.4 %

West Bancorporation stock traded up $0.26 during trading on Friday, reaching $18.96. 30,035 shares of the company were exchanged, compared to its average volume of 28,431. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50 day simple moving average is $20.23 and its two-hundred day simple moving average is $21.45. The company has a market capitalization of $319.20 million, a P/E ratio of 13.24 and a beta of 0.91. West Bancorporation, Inc. has a 52-week low of $16.18 and a 52-week high of $24.85.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.08. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. The business had revenue of $23.10 million during the quarter, compared to analysts' expectations of $21.61 million. On average, equities research analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

About West Bancorporation

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.