Iowa State Bank reduced its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,738 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Iowa State Bank owned about 0.08% of West Bancorporation worth $346,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in West Bancorporation by 9.6% in the second quarter. State Street Corp now owns 285,650 shares of the financial services provider’s stock valued at $6,759,000 after acquiring an additional 25,123 shares during the period. OxFORD Asset Management LLP acquired a new stake in West Bancorporation in the second quarter valued at approximately $383,000. Alliancebernstein L.P. acquired a new stake in West Bancorporation in the second quarter valued at approximately $376,000. American Century Companies Inc. acquired a new stake in West Bancorporation in the fourth quarter valued at approximately $383,000. Finally, Dimensional Fund Advisors LP grew its stake in West Bancorporation by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 646,196 shares of the financial services provider’s stock valued at $15,283,000 after acquiring an additional 14,993 shares during the period. Institutional investors and hedge funds own 29.52% of the company’s stock.
Separately, BidaskClub cut West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th.
Shares of West Bancorporation, Inc. (WTBA) opened at $24.55 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.82. West Bancorporation, Inc. has a one year low of $20.60 and a one year high of $28.00. The company has a market capitalization of $398.10, a P/E ratio of 15.84 and a beta of 0.98.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $17.45 million for the quarter. West Bancorporation had a return on equity of 14.56% and a net margin of 28.24%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. West Bancorporation’s payout ratio is 51.06%.
About West Bancorporation
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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