West Bancorporation (WTBA) Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of West Bancorporation (NASDAQ:WTBA) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,042 shares of the financial services provider’s stock after selling 2,897 shares during the period. Rhumbline Advisers owned 0.10% of West Bancorporation worth $403,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WTBA. SG Americas Securities LLC acquired a new stake in West Bancorporation during the 4th quarter worth about $126,000. Opus Capital Group LLC acquired a new stake in West Bancorporation during the 4th quarter worth about $244,000. American Century Companies Inc. acquired a new stake in West Bancorporation during the 4th quarter worth about $383,000. Wells Fargo & Company MN grew its holdings in West Bancorporation by 56.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,728 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 6,068 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in West Bancorporation by 23.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 35,640 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 6,740 shares during the period. Hedge funds and other institutional investors own 31.30% of the company’s stock.

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Separately, BidaskClub cut shares of West Bancorporation from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th.

WTBA stock opened at $25.65 on Friday. The stock has a market cap of $418.35, a PE ratio of 16.65 and a beta of 0.96. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.67. West Bancorporation has a 1 year low of $20.90 and a 1 year high of $28.00.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $17.45 million for the quarter. West Bancorporation had a net margin of 28.24% and a return on equity of 14.48%.

In related news, Director Steven T. Schuler acquired 1,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were bought at an average price of $25.45 per share, with a total value of $25,450.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $25,450. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.27% of the stock is owned by corporate insiders.

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West Bancorporation Profile

West Bancorporation, Inc operates as the 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 various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.

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Institutional Ownership by Quarter for West Bancorporation (NASDAQ:WTBA)

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