West Bancorporation (WTBA) Holdings Lifted by Teachers Advisors LLC
Teachers Advisors LLC grew its position in West Bancorporation (NASDAQ:WTBA) by 13.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,337 shares of the financial services provider’s stock after buying an additional 3,412 shares during the period. Teachers Advisors LLC owned approximately 0.17% of West Bancorporation worth $670,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC raised its holdings in West Bancorporation by 21.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 71,490 shares of the financial services provider’s stock worth $1,691,000 after buying an additional 12,390 shares during the last quarter. John W. Rosenthal Capital Management Inc. raised its holdings in shares of West Bancorporation by 4.7% during 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 purchasing an additional 6,500 shares during the last quarter. LSV Asset Management raised its holdings in shares of West Bancorporation by 10.8% during the second quarter. LSV Asset Management now owns 99,326 shares of the financial services provider’s stock valued at $2,349,000 after purchasing an additional 9,705 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of West Bancorporation during the second quarter valued at approximately $600,000. Finally, Prudential Financial Inc. raised its holdings in shares of West Bancorporation by 4.4% during the second quarter. Prudential Financial Inc. now owns 53,170 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 2,240 shares during the last quarter. 28.66% of the stock is owned by institutional investors and hedge funds.
West Bancorporation (NASDAQ WTBA) opened at $24.25 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.82. West Bancorporation has a twelve month low of $19.10 and a twelve month high of $25.40. The firm has a market cap of $392.42, a P/E ratio of 16.45 and a beta of 0.98.
West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data 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 firm had revenue of $17.30 million during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. West Bancorporation’s payout ratio is 47.06%.
Separately, BidaskClub cut shares of West Bancorporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
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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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