Nuveen LLC acquired a new stake in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 45,807 shares of the financial services provider's stock, valued at approximately $913,000. Nuveen LLC owned about 0.27% of West Bancorporation at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP bought a new position in shares of West Bancorporation in the fourth quarter valued at $226,000. Wells Fargo & Company MN grew its stake in shares of West Bancorporation by 20.4% in 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of West Bancorporation by 4,644.5% in the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider's stock valued at $274,000 after buying an additional 13,469 shares in the last quarter. Deutsche Bank AG grew its stake in shares of West Bancorporation by 15.6% in the fourth quarter. Deutsche Bank AG now owns 17,236 shares of the financial services provider's stock valued at $373,000 after buying an additional 2,322 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of West Bancorporation by 40.5% in the fourth quarter. Bank of America Corp DE now owns 21,599 shares of the financial services provider's stock valued at $468,000 after buying an additional 6,228 shares in the last quarter. 44.30% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WTBA. Zacks Research raised shares of West Bancorporation from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Piper Sandler dropped their target price on West Bancorporation from $21.50 to $20.50 and set a "neutral" rating for the company in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.50.
Get Our Latest Stock Report on West Bancorporation
West Bancorporation Price Performance
NASDAQ WTBA traded down $0.23 during trading on Friday, hitting $20.30. 26,610 shares of the company's stock were exchanged, compared to its average volume of 30,561. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62. The company has a market cap of $343.88 million, a PE ratio of 11.94 and a beta of 0.91. West Bancorporation, Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $24.85. The stock's 50 day moving average price is $19.44 and its two-hundred day moving average price is $19.72.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $23.83 million during the quarter, compared to the consensus estimate of $24.20 million. West Bancorporation had a return on equity of 12.26% and a net margin of 14.40%. Research analysts expect that West Bancorporation, Inc. will post 1.65 EPS for the current year.
West Bancorporation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, August 6th. West Bancorporation's payout ratio is 58.82%.
West Bancorporation Profile
(
Free Report)
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.
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