West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.67 and traded as high as $18.72. West Bancorporation shares last traded at $18.62, with a volume of 14,718 shares trading hands.
Wall Street Analyst Weigh In
WTBA has been the subject of several analyst reports. TheStreet cut shares of West Bancorporation from a “b-” rating to a “c+” rating in a research report on Wednesday, October 4th. StockNews.com initiated coverage on shares of West Bancorporation in a research report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Piper Sandler lifted their price target on shares of West Bancorporation from $19.00 to $21.50 in a research report on Friday, July 28th.
West Bancorporation Stock Performance
West Bancorporation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Tuesday, November 7th. West Bancorporation’s dividend payout ratio is presently 58.82%.
Institutional Trading of West Bancorporation
Institutional investors have recently made changes to their positions in the business. UBS Group AG increased its holdings in West Bancorporation by 2.1% during the second quarter. UBS Group AG now owns 27,709 shares of the financial services provider’s stock worth $674,000 after buying an additional 580 shares during the last quarter. Foster Group Inc. increased its holdings in West Bancorporation by 2.1% during the second quarter. Foster Group Inc. now owns 31,401 shares of the financial services provider’s stock worth $578,000 after buying an additional 634 shares during the last quarter. Marshall Wace LLP increased its holdings in West Bancorporation by 4.8% during the third quarter. Marshall Wace LLP now owns 16,343 shares of the financial services provider’s stock worth $340,000 after buying an additional 746 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in West Bancorporation by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,566 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 749 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in West Bancorporation by 9.8% during the first quarter. First Trust Advisors LP now owns 8,432 shares of the financial services provider’s stock worth $229,000 after buying an additional 750 shares during the last quarter. Institutional investors own 43.77% of the company’s stock.
About West Bancorporation
West Bancorporation, Inc operates as the financial 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 deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.
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