West Bancorporation, Inc. (NASDAQ:WTBA) Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE reduced its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 56.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the financial services provider’s stock after selling 13,000 shares during the quarter. US Bancorp DE owned approximately 0.06% of West Bancorporation worth $199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in West Bancorporation in the first quarter valued at approximately $634,000. Wealth Enhancement Advisory Services LLC boosted its stake in West Bancorporation by 330.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,457 shares of the financial services provider’s stock valued at $1,943,000 after acquiring an additional 74,818 shares during the period. GAMMA Investing LLC boosted its stake in West Bancorporation by 4,644.5% in the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 13,469 shares during the period. Millennium Management LLC boosted its stake in West Bancorporation by 98.9% in the fourth quarter. Millennium Management LLC now owns 27,590 shares of the financial services provider’s stock valued at $597,000 after acquiring an additional 13,722 shares during the period. Finally, Deutsche Bank AG boosted its stake in West Bancorporation by 15.6% in the fourth quarter. Deutsche Bank AG now owns 17,236 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 2,322 shares during the period. 44.30% of the stock is currently owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

Shares of NASDAQ WTBA opened at $18.48 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62. The stock has a 50 day simple moving average of $19.31 and a 200-day simple moving average of $19.96. The company has a market cap of $313.07 million, a PE ratio of 10.87 and a beta of 0.92. West Bancorporation, Inc. has a 12-month low of $17.31 and a 12-month high of $24.85.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $23.83 million during the quarter, compared to the consensus estimate of $24.20 million. West Bancorporation had a return on equity of 12.26% and a net margin of 14.40%. On average, equities research analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current year.

West Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 6th. This represents a $1.00 annualized dividend and a dividend yield of 5.4%. West Bancorporation’s payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price objective on West Bancorporation from $21.50 to $20.50 and set a “neutral” rating for the company in a research report on Monday, July 28th.

West Bancorporation 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.