Bailard Inc. raised its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 11.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,602 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the period. Bailard Inc.’s holdings in West Bancorporation were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in West Bancorporation by 27.2% in the 3rd quarter. American Century Companies Inc. now owns 19,389 shares of the financial services provider’s stock valued at $456,000 after buying an additional 4,142 shares in the last quarter. Opus Capital Group LLC grew its holdings in West Bancorporation by 95.7% in the 3rd quarter. Opus Capital Group LLC now owns 19,941 shares of the financial services provider’s stock valued at $468,000 after buying an additional 9,753 shares in the last quarter. Millennium Management LLC acquired a new position in West Bancorporation in the 1st quarter valued at $551,000. Assenagon Asset Management S.A. bought a new stake in shares of West Bancorporation during the 3rd quarter valued at $541,000. Finally, Wells Fargo & Company MN lifted its position in shares of West Bancorporation by 15.9% during the 3rd quarter. Wells Fargo & Company MN now owns 26,027 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 3,575 shares during the period. 33.22% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:WTBA opened at $19.75 on Friday. The firm has a market cap of $319.55 million, a PE ratio of 12.74 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. West Bancorporation, Inc. has a fifty-two week low of $19.30 and a fifty-two week high of $26.95.
West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The company had revenue of $17.80 million for the quarter, compared to the consensus estimate of $18.13 million. West Bancorporation had a net margin of 28.41% and a return on equity of 15.36%. On average, research analysts expect that West Bancorporation, Inc. will post 1.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.05%. West Bancorporation’s payout ratio is 51.61%.
In related news, Director George D. Milligan bought 1,500 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was purchased at an average cost of $21.60 per share, for a total transaction of $32,400.00. Following the transaction, the director now owns 20,088 shares in the company, valued at approximately $433,900.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.27% of the company’s stock.
A number of research firms have recently weighed in on WTBA. BidaskClub downgraded West Bancorporation from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. ValuEngine downgraded West Bancorporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Robert W. Baird began coverage on West Bancorporation in a research report on Tuesday, October 16th. They set an “outperform” rating and a $27.00 target price for the company.
West Bancorporation Profile
West Bancorporation, Inc operates as the holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.
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