State Street Corp raised its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 9.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,650 shares of the financial services provider’s stock after purchasing an additional 25,123 shares during the period. State Street Corp owned 1.76% of West Bancorporation worth $6,759,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in WTBA. Wells Fargo & Company MN increased its position in West Bancorporation by 2.0% during the second quarter. Wells Fargo & Company MN now owns 10,660 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 213 shares during the last quarter. Alliancebernstein L.P. acquired a new position in West Bancorporation during the second quarter worth approximately $376,000. New York State Common Retirement Fund increased its position in shares of West Bancorporation by 9.6% in the second quarter. New York State Common Retirement Fund now owns 16,000 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 1,399 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of West Bancorporation in the second quarter worth $383,000. Finally, Nationwide Fund Advisors increased its position in shares of West Bancorporation by 10.1% in the second quarter. Nationwide Fund Advisors now owns 17,445 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 1,600 shares in the last quarter. 29.23% of the stock is currently owned by institutional investors.
Shares of West Bancorporation, Inc. (NASDAQ:WTBA) opened at $25.70 on Monday. The stock has a market cap of $416.74, a price-to-earnings ratio of 16.91 and a beta of 0.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.82. West Bancorporation, Inc. has a 52-week low of $20.60 and a 52-week high of $28.00.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. West Bancorporation had a net margin of 31.63% and a return on equity of 14.48%. The business had revenue of $17.30 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. West Bancorporation’s dividend payout ratio (DPR) is 47.37%.
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West Bancorporation Profile
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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