Russell Investments Group Ltd. acquired a new stake in West Bancorporation, Inc. (NASDAQ:WTBA) in the 3rd quarter, HoldingsChannel reports. The fund acquired 5,756 shares of the financial services provider’s stock, valued at approximately $125,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in West Bancorporation by 5.0% during the 2nd quarter. BlackRock Inc. now owns 1,049,636 shares of the financial services provider’s stock worth $22,271,000 after purchasing an additional 49,818 shares during the period. Vanguard Group Inc. lifted its stake in West Bancorporation by 1.2% in the second quarter. Vanguard Group Inc. now owns 658,171 shares of the financial services provider’s stock worth $13,967,000 after acquiring an additional 7,520 shares during the last quarter. Renaissance Technologies LLC grew its holdings in West Bancorporation by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 353,852 shares of the financial services provider’s stock worth $7,509,000 after acquiring an additional 2,300 shares in the last quarter. Iowa State Bank grew its holdings in West Bancorporation by 437.8% during the 3rd quarter. Iowa State Bank now owns 59,521 shares of the financial services provider’s stock worth $1,294,000 after acquiring an additional 48,454 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of West Bancorporation by 13.8% in the 3rd quarter. California Public Employees Retirement System now owns 45,958 shares of the financial services provider’s stock valued at $999,000 after purchasing an additional 5,559 shares during the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

WTBA opened at $24.28 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.95 and a current ratio of 0.95. West Bancorporation, Inc. has a one year low of $18.06 and a one year high of $24.83. The company has a market cap of $397.70 million, a P/E ratio of 14.03 and a beta of 0.68. The business’s 50-day simple moving average is $23.77 and its 200-day simple moving average is $21.90.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $19.27 million during the quarter. West Bancorporation had a return on equity of 14.27% and a net margin of 27.17%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.46%.

In related news, Director Patrick J. Donovan acquired 1,500 shares of West Bancorporation stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $24.06 per share, for a total transaction of $36,090.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have acquired 6,500 shares of company stock worth $157,180. 3.08% of the stock is owned by corporate insiders.

WTBA has been the subject of a number of analyst reports. BidaskClub downgraded shares of West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. ValuEngine cut West Bancorporation from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

About West Bancorporation

West Bancorporation, Inc operates as the financial 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.

Read More: Example of operating income, EBIT and EBITDA

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

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