Vanguard Group Inc. Has $17.20 Million Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Vanguard Group Inc. reduced its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794,238 shares of the financial services provider's stock after selling 18,103 shares during the period. Vanguard Group Inc. owned 4.72% of West Bancorporation worth $17,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. City State Bank raised its stake in shares of West Bancorporation by 6.4% in the 4th 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 in the last quarter. SG Americas Securities LLC grew its holdings in West Bancorporation by 11.3% during the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 678 shares during the last quarter. Mutual Advisors LLC raised its position in shares of West Bancorporation by 2.6% in the fourth 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 during the period. State Street Corp lifted its stake in shares of West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock worth $7,072,000 after buying an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 worth $6,775,000 after buying an additional 7,320 shares during the period. Institutional investors and hedge funds own 44.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WTBA shares. Piper Sandler cut 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 report on Monday, January 27th. StockNews.com raised West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

West Bancorporation Stock Performance

NASDAQ:WTBA traded up $0.67 during trading hours on Tuesday, hitting $19.56. 27,557 shares of the company traded hands, compared to its average volume of 28,283. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. West Bancorporation, Inc. has a twelve month low of $16.18 and a twelve month high of $24.85. The firm has a 50-day moving average of $20.35 and a 200 day moving average of $21.46. The stock has a market capitalization of $329.25 million, a price-to-earnings ratio of 13.68 and a beta of 0.91.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating 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 last year, the company earned $0.27 earnings per share. On average, analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current year.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 dividend yield of 5.11%. The ex-dividend date of this dividend was Wednesday, February 5th. West Bancorporation's dividend payout ratio is presently 69.93%.

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.