West Bancorporation, Inc. (NASDAQ:WTBA) Stake Decreased by Legacy Bridge LLC

Legacy Bridge LLC lessened its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,001 shares of the financial services provider’s stock after selling 26,575 shares during the quarter. West Bancorporation accounts for approximately 3.0% of Legacy Bridge LLC’s portfolio, making the stock its 3rd largest holding. Legacy Bridge LLC owned about 1.58% of West Bancorporation worth $5,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in West Bancorporation during the 3rd quarter valued at about $114,000. City State Bank boosted its position in West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 499 shares in the last quarter. Barclays PLC lifted its stake in shares of West Bancorporation by 291.2% in the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 15,615 shares during the period. JPMorgan Chase & Co. boosted its position in shares of West Bancorporation by 267.5% during the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 18,885 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in West Bancorporation by 2.6% during the fourth quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock valued at $594,000 after buying an additional 713 shares during the period. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler cut their price target on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday.

West Bancorporation Trading Up 2.1 %

Shares of NASDAQ:WTBA opened at $21.91 on Tuesday. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.85. The stock’s fifty day moving average price is $22.45 and its 200-day moving average price is $20.87. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $368.75 million, a P/E ratio of 17.12 and a beta of 0.98.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. 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 company earned $0.27 EPS. Sell-side analysts expect that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.00 annualized dividend and a yield of 4.56%. West Bancorporation’s payout ratio is presently 78.13%.

Insider Transactions at West Bancorporation

In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the transaction, the director now directly owns 80,709 shares in the company, valued at $1,905,539.49. This represents a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.48% of the company’s stock.

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.