State Street Corp Has $9.85 Million Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

State Street Corp grew its stake in West Bancorporation, Inc. (NASDAQ:WTBA) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 354,968 shares of the financial services provider’s stock after buying an additional 9,211 shares during the period. State Street Corp owned approximately 2.14% of West Bancorporation worth $9,850,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. FMR LLC lifted its position in shares of West Bancorporation by 1,616.5% in the second quarter. FMR LLC now owns 556,477 shares of the financial services provider’s stock worth $15,442,000 after buying an additional 524,057 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of West Bancorporation by 0.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 344,225 shares of the financial services provider’s stock worth $9,552,000 after buying an additional 1,812 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of West Bancorporation by 9.6% in the second quarter. Geode Capital Management LLC now owns 267,164 shares of the financial services provider’s stock worth $7,413,000 after buying an additional 23,385 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of West Bancorporation by 2,293.7% in the second quarter. Russell Investments Group Ltd. now owns 92,924 shares of the financial services provider’s stock worth $2,577,000 after buying an additional 89,042 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of West Bancorporation by 2.3% in the second quarter. Nuveen Asset Management LLC now owns 66,895 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 1,527 shares during the last quarter. 39.82% of the stock is owned by institutional investors.

In other news, Director Patrick J. Donovan purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 24th. The stock was purchased at an average price of $33.93 per share, with a total value of $33,930.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick J. Donovan acquired 2,500 shares of the company’s stock in a transaction on Tuesday, September 7th. The shares were bought at an average price of $29.95 per share, with a total value of $74,875.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $249,405. Insiders own 3.78% of the company’s stock.

NASDAQ WTBA opened at $33.57 on Thursday. West Bancorporation, Inc. has a twelve month low of $18.86 and a twelve month high of $34.50. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.65. The firm has a market cap of $555.75 million, a PE ratio of 12.12 and a beta of 1.01. The business’s 50-day simple moving average is $31.12.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Wednesday, October 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. West Bancorporation had a return on equity of 19.33% and a net margin of 40.27%. The business had revenue of $26.89 million during the quarter, compared to analysts’ expectations of $25.80 million. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, sell-side analysts predict that West Bancorporation, Inc. will post 3.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Wednesday, November 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 9th. This represents a $0.96 annualized dividend and a yield of 2.86%. West Bancorporation’s dividend payout ratio (DPR) is 34.66%.

Separately, Zacks Investment Research raised West Bancorporation from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, November 3rd.

West Bancorporation Profile

West Bancorp, Inc is a financial holding company, which engages in the provision of commercial banking services through its subsidiary, West Bank. It offers personal banking, business banking, and investments and trust. The firm operates in the following markets: central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville; and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St.

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Institutional Ownership by Quarter for West Bancorporation (NASDAQ:WTBA)

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