Universal Beteiligungs und Servicegesellschaft mbH Takes $634,000 Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $634,000 in West Bancorporation, acquiring 31,812 shares and representing approximately 0.19% of the company's stock.
• Wall Street analysts from Piper Sandler have lowered the target price for West Bancorporation from $21.50 to $20.50, indicating a "neutral" rating.
• West Bancorporation recently declared a quarterly dividend of $0.25 per share, reflecting an annualized yield of 5.6%, with the ex-dividend date set for August 6th.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,812 shares of the financial services provider's stock, valued at approximately $634,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of West Bancorporation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of West Bancorporation by 330.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 97,457 shares of the financial services provider's stock valued at $1,943,000 after acquiring an additional 74,818 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of West Bancorporation by 4,644.5% during the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider's stock worth $274,000 after purchasing an additional 13,469 shares in the last quarter. Millennium Management LLC grew its holdings in shares of West Bancorporation by 98.9% in the 4th quarter. Millennium Management LLC now owns 27,590 shares of the financial services provider's stock valued at $597,000 after buying an additional 13,722 shares during the period. Deutsche Bank AG grew its holdings in shares of West Bancorporation by 15.6% in the 4th 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 during the period. Finally, Bank of America Corp DE grew its holdings in shares of West Bancorporation by 40.5% in the 4th 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 during the period. 44.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on West Bancorporation from $21.50 to $20.50 and set a "neutral" rating on the stock in a report on Monday, July 28th.

West Bancorporation Trading Down 1.7%

WTBA stock traded down $0.32 during midday trading on Wednesday, hitting $18.04. 31,313 shares of the company's stock were exchanged, compared to its average volume of 30,867. The stock's fifty day moving average price is $19.45 and its 200-day moving average price is $20.13. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $305.51 million, a PE ratio of 10.61 and a beta of 0.92. West Bancorporation, Inc. has a one year low of $17.31 and a one year high of $24.85.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $23.83 million for the quarter, compared to analyst estimates of $24.20 million. West Bancorporation had a return on equity of 12.26% and a net margin of 14.40%. Research analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, August 6th. West Bancorporation's payout ratio is 58.82%.

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.