Goldman Sachs Group Inc. Sells 10,411 Shares of West Bancorporation, Inc. $WTBA

Goldman Sachs Group Inc. decreased its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,494 shares of the financial services provider’s stock after selling 10,411 shares during the period. Goldman Sachs Group Inc. owned about 0.22% of West Bancorporation worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in shares of West Bancorporation by 27.9% in the first quarter. Acadian Asset Management LLC now owns 17,436 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 3,799 shares during the last quarter. Jane Street Group LLC purchased a new stake in West Bancorporation in the 1st quarter valued at about $464,000. Royal Bank of Canada grew its stake in West Bancorporation by 7.5% in the 1st quarter. Royal Bank of Canada now owns 38,547 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 2,675 shares in the last quarter. Trexquant Investment LP grew its stake in West Bancorporation by 32.9% in the 1st quarter. Trexquant Investment LP now owns 21,854 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of West Bancorporation by 5.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 538 shares during the period. 44.30% of the stock is owned by hedge funds and other institutional investors.

West Bancorporation Trading Up 0.4%

Shares of NASDAQ:WTBA opened at $20.48 on Wednesday. The business’s 50-day moving average is $19.43 and its 200 day moving average is $19.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.96 and a quick ratio of 0.96. West Bancorporation, Inc. has a 1 year low of $17.31 and a 1 year high of $24.85. The firm has a market capitalization of $346.93 million, a P/E ratio of 12.05 and a beta of 0.91.

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

West Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. West Bancorporation’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

WTBA has been the subject of a number of research reports. Piper Sandler lowered their price target on West Bancorporation from $21.50 to $20.50 and set a “neutral” rating for the company in a report on Monday, July 28th. Zacks Research raised West Bancorporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.50.

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.