MetLife Investment Advisors LLC acquired a new stake in West Bancorporation (NASDAQ:WTBA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,036 shares of the financial services provider’s stock, valued at approximately $202,000.
Several other institutional investors have also added to or reduced their stakes in the business. G&S Capital LLC bought a new position in shares of West Bancorporation in the fourth quarter valued at $252,000. Deutsche Bank AG raised its holdings in shares of West Bancorporation by 98.9% in the fourth quarter. Deutsche Bank AG now owns 65,780 shares of the financial services provider’s stock valued at $1,652,000 after purchasing an additional 32,701 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of West Bancorporation by 37.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 7,525 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,059 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of West Bancorporation by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 254,900 shares of the financial services provider’s stock valued at $6,411,000 after purchasing an additional 16,095 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of West Bancorporation by 3.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 128,250 shares of the financial services provider’s stock valued at $3,225,000 after purchasing an additional 3,840 shares during the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Steven T. Schuler bought 1,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of $25.45 per share, for a total transaction of $25,450.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $25,450. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.27% of the company’s stock.
Shares of WTBA stock opened at $24.30 on Friday. The stock has a market capitalization of $398.65, a PE ratio of 15.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.85 and a quick ratio of 0.85. West Bancorporation has a one year low of $20.90 and a one year high of $28.00.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $17.33 million during the quarter. West Bancorporation had a net margin of 28.86% and a return on equity of 15.03%.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.29%. This is an increase from West Bancorporation’s previous quarterly dividend of $0.18.
Separately, BidaskClub upgraded shares of West Bancorporation from a “hold” rating to a “buy” rating in a report on Thursday, March 15th.
West Bancorporation Company 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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