US Bancorp DE Reduces Position in West Bancorporation, Inc. (NASDAQ:WTBA)

US Bancorp DE trimmed its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,000 shares of the financial services provider's stock after selling 32,250 shares during the period. US Bancorp DE owned approximately 0.14% of West Bancorporation worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its stake in West Bancorporation by 1.9% during the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock valued at $7,072,000 after acquiring an additional 6,809 shares during the period. Geode Capital Management LLC lifted its stake in 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 valued at $6,775,000 after acquiring an additional 7,320 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of West Bancorporation by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider's stock valued at $4,384,000 after purchasing an additional 31,194 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of West Bancorporation by 17.0% in the 4th quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider's stock valued at $2,707,000 after purchasing an additional 18,154 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of West Bancorporation in the 4th quarter valued at $785,000. 44.30% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

West Bancorporation Stock Performance

Shares of WTBA traded up $0.41 during trading hours on Friday, hitting $20.47. The stock had a trading volume of 15,757 shares, compared to its average volume of 27,019. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50-day moving average price of $21.60 and a 200 day moving average price of $21.42. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The firm has a market capitalization of $344.57 million, a price-to-earnings ratio of 14.31 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm earned $0.27 earnings per share. As a group, research analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current year.

West Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Wednesday, February 5th. West Bancorporation's dividend payout ratio is presently 69.93%.

Analysts Set New Price Targets

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

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.