State Street Corp Has $7.07 Million Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

State Street Corp lifted its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,033 shares of the financial services provider’s stock after purchasing an additional 6,809 shares during the quarter. State Street Corp owned approximately 2.21% of West Bancorporation worth $7,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SG Americas Securities LLC acquired a new position in West Bancorporation during the third quarter worth $114,000. Choreo LLC acquired a new position in shares of West Bancorporation during the 2nd quarter valued at about $267,000. De Lisle Partners LLP raised its stake in shares of West Bancorporation by 27.3% in the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 6,893 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in West Bancorporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock worth $2,153,000 after purchasing an additional 3,945 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in West Bancorporation by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider’s stock worth $3,570,000 after purchasing an additional 39,675 shares during the period. Institutional investors own 44.30% of the company’s stock.

Insider Activity at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $1,905,539.49. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

West Bancorporation Stock Down 1.5 %

Shares of WTBA stock opened at $21.80 on Friday. West Bancorporation, Inc. has a 12 month low of $15.80 and a 12 month high of $24.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm has a market cap of $366.96 million, a PE ratio of 17.03 and a beta of 0.97. The stock has a 50 day moving average of $22.92 and a 200-day moving average of $20.24.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $50.97 million during the quarter, compared to analysts’ expectations of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same period in the prior year, the company earned $0.35 EPS. On average, equities analysts predict that West Bancorporation, Inc. will post 1.4 EPS for the current year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation’s payout ratio is presently 78.13%.

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.