Nuveen LLC Invests $913,000 in West Bancorporation, Inc. $WTBA

Nuveen LLC purchased a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,807 shares of the financial services provider’s stock, valued at approximately $913,000. Nuveen LLC owned approximately 0.27% of West Bancorporation as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in West Bancorporation by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,928 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 805 shares during the period. Wells Fargo & Company MN boosted its stake in West Bancorporation by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 2,062 shares during the last quarter. 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 last quarter. Northern Trust Corp raised its holdings in West Bancorporation by 2.0% in the fourth quarter. Northern Trust Corp now owns 134,904 shares of the financial services provider’s stock worth $2,921,000 after purchasing an additional 2,621 shares during the period. Finally, Barclays PLC increased its position in shares of West Bancorporation by 15.6% during the fourth quarter. Barclays PLC now owns 24,256 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 3,279 shares in the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on WTBA shares. Zacks Research raised shares of West Bancorporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Piper Sandler decreased their target price on West Bancorporation from $21.50 to $20.50 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, West Bancorporation has an average rating of “Hold” and an average target price of $20.50.

West Bancorporation Price Performance

WTBA stock opened at $20.02 on Wednesday. The firm has a 50 day moving average of $19.41 and a 200-day moving average of $19.73. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62. West Bancorporation, Inc. has a 12 month low of $17.31 and a 12 month high of $24.85. The firm has a market capitalization of $339.14 million, a P/E ratio of 11.78 and a beta of 0.91.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $23.83 million during the quarter, compared to analyst estimates of $24.20 million. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. As a group, sell-side analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, August 6th. West Bancorporation’s dividend payout ratio is currently 58.82%.

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.