California State Teachers Retirement System trimmed its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,162 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. California State Teachers Retirement System owned 0.17% of West Bancorporation worth $666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in West Bancorporation by 2.0% in the 2nd 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 period. Alliancebernstein L.P. purchased a new stake in West Bancorporation in the 2nd quarter worth about $376,000. New York State Common Retirement Fund raised its position in West Bancorporation by 9.6% in the 2nd quarter. New York State Common Retirement Fund now owns 16,000 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 1,399 shares during the period. OxFORD Asset Management LLP purchased a new stake in West Bancorporation in the 2nd quarter worth about $383,000. Finally, Nationwide Fund Advisors raised its position in West Bancorporation by 10.1% in the 2nd quarter. Nationwide Fund Advisors now owns 17,445 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 29.23% of the company’s stock.

Shares of West Bancorporation, Inc. (WTBA) opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.87 and a quick ratio of 0.87. West Bancorporation, Inc. has a 1 year low of $20.60 and a 1 year high of $28.00. The firm has a market cap of $433.77, a PE ratio of 17.60 and a beta of 0.99.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $17.30 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, November 7th. West Bancorporation’s dividend payout ratio (DPR) is currently 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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Institutional Ownership by Quarter for West Bancorporation (NASDAQ:WTBA)

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