West Bancorporation, Inc. (NASDAQ:WTBA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 356,288 shares of the financial services provider’s stock after purchasing an additional 7,320 shares during the period. Geode Capital Management LLC owned about 2.12% of West Bancorporation worth $6,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of West Bancorporation in the third quarter worth $114,000. Choreo LLC bought a new position in West Bancorporation during the 2nd quarter valued at $267,000. Barclays PLC grew its holdings 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 acquiring an additional 15,615 shares in the last quarter. De Lisle Partners LLP increased its position 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 worth $612,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 valued at $2,153,000 after purchasing an additional 3,945 shares in the last quarter. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the business’s stock in a transaction on 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 owns 80,709 shares of the company’s stock, valued at approximately $1,905,539.49. The trade was a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.48% of the company’s stock.

West Bancorporation Stock Performance

West Bancorporation stock opened at $21.65 on Friday. The company has a market cap of $364.43 million, a PE ratio of 16.91 and a beta of 0.97. West Bancorporation, Inc. has a 12 month low of $15.80 and a 12 month high of $24.85. The company has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $20.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly 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 business had revenue of $50.97 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.35 EPS. Research analysts expect that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation’s dividend payout ratio (DPR) is presently 78.13%.

About West Bancorporation

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.