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

State Street Corp raised its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,033 shares of the financial services provider’s stock after buying an additional 6,809 shares during the period. State Street Corp’s holdings in West Bancorporation were worth $7,072,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its holdings in shares of West Bancorporation by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 31,194 shares in the last quarter. Renaissance Technologies LLC raised its position in West Bancorporation by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock valued at $3,880,000 after purchasing an additional 8,200 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in West Bancorporation by 3.4% in the second 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 in the last quarter. De Lisle Partners LLP increased its stake in shares of West Bancorporation by 27.3% in the third quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock valued at $612,000 after buying an additional 6,893 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of West Bancorporation in the second quarter valued at about $267,000. 44.30% of the stock is owned by institutional investors.

Insider Transactions at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of the business’s stock in a transaction that occurred 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WTBA shares. Piper Sandler raised their price objective 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 upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

West Bancorporation Stock Performance

Shares of NASDAQ:WTBA opened at $21.80 on Friday. The stock has a market capitalization of $366.96 million, a P/E ratio of 17.03 and a beta of 0.97. 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 1-year low of $15.80 and a 1-year high of $24.85. The business has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $20.24.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $50.97 million for 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 last year, the firm earned $0.35 earnings per share. Equities analysts predict that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Wednesday, November 6th. West Bancorporation’s dividend payout ratio (DPR) is currently 78.13%.

West Bancorporation Company 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.