US Bancorp DE Sells 32,250 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

US Bancorp DE lowered its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 58.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,000 shares of the financial services provider’s stock after selling 32,250 shares during the period. US Bancorp DE owned approximately 0.14% of West Bancorporation worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WTBA. SG Americas Securities LLC increased its holdings in West Bancorporation by 11.3% during the 4th quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 678 shares during the period. City State Bank grew its stake in West Bancorporation by 6.4% in the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after buying an additional 499 shares in the last quarter. Fortress Financial Group LLC purchased a new position in West Bancorporation in the 4th quarter worth approximately $407,000. Barclays PLC grew its stake in West Bancorporation by 291.2% in the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after buying an additional 15,615 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in West Bancorporation by 267.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after buying an additional 18,885 shares in the last quarter. Institutional investors own 44.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Piper Sandler cut their price target on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

West Bancorporation Stock Up 1.2 %

Shares of NASDAQ WTBA opened at $20.36 on Thursday. 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 12 month low of $15.80 and a 12 month high of $24.85. The firm has a market capitalization of $342.72 million, a PE ratio of 14.24 and a beta of 0.95. The firm has a fifty day simple moving average of $21.65 and a two-hundred day simple moving average of $21.41.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate 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 period last year, the firm posted $0.27 earnings per share. Equities analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. West Bancorporation’s dividend payout ratio is currently 69.93%.

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.