Legacy Bridge LLC Has $5.76 Million Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

Legacy Bridge LLC lessened its position in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 266,001 shares of the financial services provider's stock after selling 26,575 shares during the period. West Bancorporation makes up 3.0% of Legacy Bridge LLC's investment portfolio, making the stock its 3rd largest holding. Legacy Bridge LLC owned 1.58% of West Bancorporation worth $5,759,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in West Bancorporation in the 3rd quarter valued at approximately $114,000. City State Bank boosted its stake in shares of West Bancorporation by 6.4% during the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider's stock valued at $181,000 after acquiring an additional 499 shares during the last quarter. Barclays PLC increased its position in West Bancorporation by 291.2% during the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider's stock worth $398,000 after purchasing an additional 15,615 shares in the last quarter. JPMorgan Chase & Co. raised its stake in West Bancorporation by 267.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider's stock valued at $493,000 after purchasing an additional 18,885 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in West Bancorporation by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider's stock valued at $594,000 after purchasing an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 44.30% of the company's stock.

Insider Buying and Selling

In other news, Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $23.61, for a total transaction of $94,440.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.48% of the stock is owned by corporate insiders.

West Bancorporation Trading Down 0.8 %

Shares of WTBA traded down $0.19 during trading hours on Friday, hitting $22.01. The stock had a trading volume of 28,273 shares, compared to its average volume of 28,836. West Bancorporation, Inc. has a 12-month low of $15.80 and a 12-month high of $24.85. The firm has a market cap of $370.50 million, a P/E ratio of 15.36 and a beta of 0.98. 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 company's fifty day simple moving average is $22.32 and its 200 day simple moving average is $20.93.

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

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. West Bancorporation's payout ratio is 69.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WTBA shares. Piper Sandler cut their price objective on shares of West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com lowered West Bancorporation from a "hold" rating to a "sell" rating in a research note on Wednesday.

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.