West Bancorporation (WTBA) Stake Lessened by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its holdings in West Bancorporation (NASDAQ:WTBA) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,859 shares of the financial services provider’s stock after selling 20,455 shares during the period. JPMorgan Chase & Co. owned about 0.65% of West Bancorporation worth $2,481,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WTBA. Schwab Charles Investment Management Inc. grew its holdings in shares of West Bancorporation by 10.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 28,900 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 2,797 shares in the last quarter. First Trust Advisors LP bought a new position in shares of West Bancorporation in the second quarter valued at approximately $600,000. Prudential Financial Inc. grew its holdings in shares of West Bancorporation by 4.4% in the second quarter. Prudential Financial Inc. now owns 53,170 shares of the financial services provider’s stock valued at $1,257,000 after acquiring an additional 2,240 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its holdings in shares of West Bancorporation by 4.7% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 144,081 shares of the financial services provider’s stock valued at $3,408,000 after acquiring an additional 6,500 shares in the last quarter. 28.78% of the stock is owned by institutional investors.
Separately, BidaskClub downgraded West Bancorporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Shares of West Bancorporation (NASDAQ:WTBA) opened at 24.55 on Friday. The stock has a market cap of $397.98 million, a P/E ratio of 16.48 and a beta of 1.04. West Bancorporation has a 52-week low of $18.75 and a 52-week high of $25.05. The firm’s 50 day moving average price is $23.00 and its 200 day moving average price is $22.92.
West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. West Bancorporation had a net margin of 31.77% and a return on equity of 14.41%. The firm had revenue of $17.41 million during the quarter. On average, analysts expect that West Bancorporation will post $1.53 EPS for the current year.
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West Bancorporation Company 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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